Watchdog puts SMEs under microscope
Financial Reporting Council researching whether smaller companies' accounting needs are being met
Financial Reporting Council researching whether smaller companies' accounting needs are being met
Accounting’s watchdog is launching a study into how well the accounting
profession supports small and medium sized companies and users of their
accounts.
The Professional Oversight Board for Accountancy, part of the Financial
Reporting Council, is looking for accountants who provide services to companies
with annual turnover under £22.5m to participate in an online survey during
July.
It will be looking to examine the effects of recent regulatory changes on
these companies, such as the rise in the audit threshold and new reporting and
auditing standards.
Paul George, director of POBA said the research programme was ‘wide ranging’.
‘Once the current situation is clear and any issues are identified we will
consider with the professional accountancy bodies and others whether the support
provided by the profession could be more effective in any way,’ said George.
The results of the research will be published at the end of the year.
The survey, which runs from Wednesday 6th July to Friday 29th July,
is being coordinated by the University of Nottingham. Those wishing to
participate should go to:
www.ukbab.ac
The numbers you crunch tell a story. Your expertis...
19yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleFrom battling underground invoice frauds in China to navigating bribery risks in the Middle East, Mazars' Nigel Layton shares essential insights on co...
View articleAccording to the Chartered IIA, internal audit should be placed at the forefront of a new Code Read More...
View articleBy switching the focus from ‘profit made for investors’ to ‘value created for all’, accountants can find ways to quantify and evaluate the impact of a...
View articleThe proposals form part of an ongoing overhaul of audit and corporate governance in the UK Read More...
View articleThe first update to the UK Corporate Governance Code in four years will see the creation of a stronger framework for reporting on internal controls an...
View articleBusinesses must adopt a healthy corporate culture or risk legal and business consequences Read More...
View articleDuring a conversation with Accountancy Age, Mazars partner Bob Neate breaks down the draft audit reform bill, warning of a potential capacity issue fo...
View articleThe FRC and major audit firms have criticised the UK government’s watered-down proposals Read More...
View article