UK moves to regulate AI audit ‘wild west’ with fir...

The British Standards Institution (BSI) has published a new international standard aimed at bringing structure, transparency, and trust to the rapidly...

ACCA sets out regulatory priorities for 2025

ACCA’s Regulatory Board has released its latest annual report, outlining how it maintained oversight of the association’s regulatory arrangements in 2...

How technology could rewire corporate reporting

The accountancy profession stands at a crossroads in the evolution of corporate reporting, with technology offering transformative potential—if the se...

ICAEW proposes four principles to future-proof rep...

In a bid to future-proof the UK’s capital markets, ICAEW has outlined four principles to evolve the reporting accountant’s role, highlighting the bala...

New guidance warns against ‘nil’ MTD submissions

PCRT bodies clarify standards ahead of 2026 mandate, urging tax professionals to uphold accuracy in quarterly updates. Read More...

FRC sets out plans for UK sustainability assurance...

The Financial Reporting Council (FRC) has opened consultation on a proposed UK version of a new global sustainability assurance standard, aiming to gi...

One in ten audits flagged for 'major improvements'

ICAEW’s latest monitoring report finds that while most audits remain of acceptable quality, 10% were flagged for significant improvements, highlightin...

73% of G20 companies now seek sustainability assur...

The percentage of companies engaged in sustainability reporting remained unchanged at 98% Read More...

Why lease accounting now demands a smarter system

As lease standards tighten, finance teams relying on spreadsheets face rising risk. Discover how dedicated software brings control, accuracy and compl...

ACCA urges FRC to ensure proportionate SME audit r...

The Association of Chartered Certified Accountants (ACCA) has called for a more balanced approach to audit regulations for small and medium-sized ente...

Talks stall on US-UK mutual recognition of account...

Efforts to ease cross-border mobility for auditors between the US and UK have hit a roadblock, with longstanding negotiations over mutual recognition ...

ACCA and ACFE join forces to fight global business...

Two of the world’s leading professional bodies have signed a three-year cooperation deal aimed at strengthening the global response to fraud in busine...

ICAEW and CIPFA call for broader climate disclosur...

Accountancy bodies urge IPSASB to expand scope of public sector climate reporting Read More...

Global and European accounting bodies unite on tec...

A consortium of global and European accounting organizations is joining forces to address two major challenges facing the profession: the integration ...

HMRC’s RTI system is failing UK employers, study f...

For over a decade, HMRC’s Real-Time Information (RTI) system has been the backbone of payroll reporting in the UK. Introduced with the promise of impr...

Climate reporting demand catches 67% of accountant...

As the climate crisis accelerates, the world is shifting towards transparency in carbon emissions. With mandatory climate reporting set to impact an e...

IASB amends IFRS 9 and IFRS 7 for renewable electr...

The International Accounting Standards Board (IASB) has introduced targeted amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instrument...

Accountancy Age's Top 10 Stories of 2024

FRC opens consultation on draft Strategy 2025-28

The Financial Reporting Council (FRC) has published its draft three-year strategy for 2025-28, emphasising its commitment to safeguarding public trust...

Are you ready for the FRS 102 shake-up?

The forthcoming amendments to FRS 102 represent one of the most significant changes to lease accounting in years. Effective from January 2026, these u...

MHA's carbon emissions jump 42% but maintains 2030...

MHA reveals ambitious roadmap to net zero by 2030, while transparent reporting shows the real-world challenges of balancing rapid business growth with...

Update from across the pond: PCAOB enhances report...

The Public Company Accounting Oversight Board (PCAOB) voted 4-1 to require major accounting firms to submit detailed financial statements and standard...

FASB targets greater transparency with latest acco...

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that mandates new expense disclosures for public compa...

Complex audits surge to smaller firms, ICAEW repor...

The Institute of Chartered Accountants in England and Wales (ICAEW) has released its comprehensive audit monitoring report for 2023/24, revealing sign...

News from across the pond: SEC tightens auditor ov...

New PCAOB rules aim to enhance accountability Read More...

The Consumer Duty one year on

The financial services industry has now had just over one year to embed the Consumer Duty for existing products and should now be in the position to d...

Audit Reform: A welcome sign of change for mid-tie...

To the delight of many in mid-tier accounting circles, we are now beginning to see significant, wide-ranging steps being taken to reform audit practic...