IESBA floats stricter ESG reporting standards for review
Accounting Standards

IESBA floats stricter ESG reporting standards for review

3m Idris Nagri

IESBA floats stricter ESG reporting standards for ...

The creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...

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Begbies Trainor report says 47,000 UK businesses are at risk of collapse
Brexit & Economy

Begbies Trainor report says 47,000 UK businesses are at risk of collapse

3m Idris Nagri

Begbies Trainor report says 47,000 UK businesses a...

The construction and property sectors, among others, bear the brunt of the crisis. Urgent measures are necessary to alleviate the burden of debt and f...

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Accountancy and finance sector remains resilient with 4.2% increase in salary
Talent

Accountancy and finance sector remains resilient with 4.2% increase in sala...

3m Idris Nagri

Accountancy and finance sector remains resilient w...

Large regional disparities remain in salaries across the UK, but in general, wages are on the rise. The cost of living is the greatest concern for tho...

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Research shows a significant increase in HMRC tax investigations – now a quarter of a million opened per year
Tax

Research shows a significant increase in HMRC tax investigations – now a qu...

3m Idris Nagri

Research shows a significant increase in HMRC tax ...

HMRC tax investigations into individuals and small businesses have increased in the last year from 232,000 in 2021/22 to 248,000 in 2022/23*, accordin...

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Ensuring compliance with the ICAEW's new CPD requirements
Uncategorized

Ensuring compliance with the ICAEW's new CPD requirements

3m Idris Nagri

Ensuring compliance with the ICAEW's new CPD requi...

The ICAEW now requires a minimum number of CPD training hours annually, with at least 1 hour of ethics training. Read More...

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UK government invests half a million to get audit and accountancy qualifications recognised abroad
Skills

UK government invests half a million to get audit and accountancy qualifica...

3m Rachael Kennedy

UK government invests half a million to get audit ...

The UK government has pledged £500,000 to facilitate the recognition of accountancy and audit qualifications abroad. Announced by the Department of Tr...

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HMRC to mandate payrolling of benefits from April 2026: Implications and preparations for accountants
Business

HMRC to mandate payrolling of benefits from April 2026: Implications and pr...

3m Idris Nagri

HMRC to mandate payrolling of benefits from April ...

This regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...

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Will AI force young accountants back into the office?
Practice

Will AI force young accountants back into the office?

3m Idris Nagri

Will AI force young accountants back into the offi...

Ultimately, firms must adapt to the changing dynamics of the accounting profession by creating attractive office environments that foster collaboratio...

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Dains Group bolsters market presence with acquisition of two strategic firms
Mergers And Acquisitions

Dains Group bolsters market presence with acquisition of two strategic firm...

3m Idris Nagri

Dains Group bolsters market presence with acquisit...

Dains Group has announced the successful acquisition of two strategic businesses, McInerney Saunders Chartered Accountants and Magma Chartered Account...

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Malcolm Gomersall steps up as new CEO of Grant Thornton
Accounting Firms

Malcolm Gomersall steps up as new CEO of Grant Thornton

3m Idris Nagri

Malcolm Gomersall steps up as new CEO of Grant Tho...

Grant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...

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Technology is a talent magnet for accountants
Practice

Technology is a talent magnet for accountants

3m Idris Nagri

Technology is a talent magnet for accountants

Facing a global talent shortage, accounting firms are turning to technology to attract and retain top talent. Tech-savvy firms offer streamlined opera...

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Devils in the details: Rectifying accounting errors
Legal

Devils in the details: Rectifying accounting errors

3m Idris Nagri

Devils in the details: Rectifying accounting error...

Accounting errors can distort financial statements and mislead stakeholders, as seen in the recent ADM case. This article guides you through identifyi...

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ACCA survey reveals declining confidence among accountants,
Brexit & Economy

ACCA survey reveals declining confidence among accountants,

3m Idris Nagri

ACCA survey reveals declining confidence among acc...

The GECS report indicates that concerns among accountants about increased costs have eased slightly. However, these concerns remain elevated by histor...

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Jeremy Hunt hints at further tax cuts at Davos: What accountants need to know
Budget

Jeremy Hunt hints at further tax cuts at Davos: What accountants need to kn...

3m Rachael Kennedy

Jeremy Hunt hints at further tax cuts at Davos: Wh...

UK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...

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84% of tax professionals fear double taxation as Pillar 2 looms
Corporate Tax

84% of tax professionals fear double taxation as Pillar 2 looms

3m Idris Nagri

84% of tax professionals fear double taxation as P...

The legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...

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AI is an emerging risk for auditors, new research shows
Audit

AI is an emerging risk for auditors, new research shows

3m Rachael Kennedy

AI is an emerging risk for auditors, new research ...

Despite the increased interest in AI and ML, only 12% of respondents indicate their organisations have adopted AI and ML within their audit functions....

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The role of auditors in the Post Office scandal: A need for greater accountability?
Audit

The role of auditors in the Post Office scandal: A need for greater account...

3m Idris Nagri

The role of auditors in the Post Office scandal: A...

As the government's independent investigation progresses, it is hoped that a clearer picture will emerge, leading to meaningful reforms within the aud...

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Grant Thornton warns 40% of UK Councils are at risk of financial failure
Brexit & Economy

Grant Thornton warns 40% of UK Councils are at risk of financial failure

3m Idris Nagri

Grant Thornton warns 40% of UK Councils are at ris...

It is critical that a more comprehensive overhaul of both local government finance and models for social care is undertaken to address local councils'...

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ACCA supports FRC proposals to strengthen auditor requirements
Audit

ACCA supports FRC proposals to strengthen auditor requirements

3m Idris Nagri

ACCA supports FRC proposals to strengthen auditor ...

The proposed enhancements, including the focus on material misstatements arising from non-compliance, the introduction of a risk assessment process, a...

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Are accountants underutilising AI in the realm of risk assessment?
Technology

Are accountants underutilising AI in the realm of risk assessment?

3m Idris Nagri

Are accountants underutilising AI in the realm of ...

Integrating AI in accounting isn't just a technological upgrade; it's a fundamental shift in how we understand and interact with financial data. For t...

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Will 2024 be the year the IPO market rebounds following a year of challenge and change?
Business

Will 2024 be the year the IPO market rebounds following a year of challenge...

3m Idris Nagri

Will 2024 be the year the IPO market rebounds foll...

There is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...

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Salary trends, gender pay gap, and the impact of AAT qualifications on earning potential
Career

Salary trends, gender pay gap, and the impact of AAT qualifications on earn...

3m Idris Nagri

Salary trends, gender pay gap, and the impact of A...

The survey reveals salary progression based on AAT membership levels, regional variations in salaries, gender pay gaps, industry-specific salaries, an...

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Grant Thornton UK CEO resigns unexpectedly
Grant Thornton

Grant Thornton UK CEO resigns unexpectedly

3m Idris Nagri

Grant Thornton UK CEO resigns unexpectedly

During his tenure, Dunckley managed to stabilise Grant Thornton after his predecessor resigned following attacks on her leadership style and socialist...

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MHA and MHA Moore and Smalley announce strategic merger to bolster nationwide services
Mergers And Acquisitions

MHA and MHA Moore and Smalley announce strategic merger to bolster nationwi...

3m Idris Nagri

MHA and MHA Moore and Smalley announce strategic m...

Founded in 1892, MHA Moore and Smalley will merge with it's parent network in April 2024 Read More...

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HMRC issues second warning to crypto users
Personal Tax

HMRC issues second warning to crypto users

3m Idris Nagri

HMRC issues second warning to crypto users

HMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...

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Accountants will need to step in to help with the EU's Carbon Border Adjustment Mechanism
Brexit

Accountants will need to step in to help with the EU's Carbon Border Adjust...

3m Rachael Kennedy

Accountants will need to step in to help with the ...

As the European Union’s Carbon Border Adjustment Mechanism (CBAM)unfolds, it heralds more than a policy shift—it’s reshaping the global tr...

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FRC imposes £33.2 million fines on audit firms amid crackdown
Audit

FRC imposes £33.2 million fines on audit firms amid crackdown

3m Idris Nagri

FRC imposes £33.2 million fines on audit firms ami...

The Financial Reporting Council's record fines imposed on audit firms in 2023 demonstrate its unwavering commitment to enhancing audit quality. Read M...

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