College takes stock of progress made on the European Agenda on Migration and gives a Brexit update. Nexty to that they hold an orientation debate on EU-China relations: Commissioners held an orientation debate on the opportunities and challenges of EU-China relations in the run-up to the European Council of 21-22 March and the EU-China Summit on 9 April.
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The Financial Reporting Council (FRC) proposes to increase the work required of auditors when assessing whether an entity is a going concern. The consultation on important revisions to International Standard on Auditing (ISA) (UK) 570 Going Concern  follows concerns about the quality and rigour of audit and well-publicised corporate failures where the auditor’s report failed to highlight concerns about the prospects of entities which collapsed shortly after as well as findings from recent FRC Enforcement cases.  In proposing these revisions, requirements on UK auditors will be significantly stronger than those required by international standards.
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Businesses must learn fast, act quickly and scale rapidly or risk irrelevance. As Airmic launches its conference Tech Hub, Jessica Titherington talks to Fujitsu’s Ketan Parekh about the latest technologies disrupting businesses and transforming risk management. The rapid pace of technological advancements today can seem exciting, unpredictable and daunting in equal measure. Developments in Artificial Intelligence (AI) and the Internet of Things (IoT) are accelerating the convergence of physical and digital spaces, and in doing so they are completely changing the business landscape.
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The Global Privacy Enforcement Network’s (GPEN) annual intelligence gathering operation looked at how well organisations have implemented the core concepts of accountability into their own internal privacy policies and programmes. The joint study, known as the ‘GPEN sweep’, is carried out by data protection regulators across the globe and this year looks at how they have taken responsibility for complying with data protection laws.
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General Administrative Act of the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) on the prohibition on establishing and increasing net short positions in shares of Wirecard AG. The Federal Financial Supervisory Authority (BaFin) issues the following: Establishing a net short position as well as increasing an existing net short position with reference to the shares of the company is prohibited.

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