Professional body says auditors must consider the impact of the ruling
Third buy-in takes scheme’s insured benefits to around half of liabilities
Trustee time and resource is being eaten up by excessive requests for scheme data from company auditors, according to the Association of Professional Pension Trustees (APPT).
Three accounting bodies have published specific Covid-19 guidance for the compilation of pension scheme accounts, recognising that “it can’t be business as usual”.
The Transparency Task Force (TTF) has launched an independent audit of over 50 professional bodies' codes of conduct in order to understand efforts being made to improve professional standards.