As the October 28 deadline approaches, accounting firms across the UK are being urged to contribute to a critical consultation that could reshape how ...
View articleThe Financial Reporting Council (FRC) has imposed sanctions on Ernst & Young LLP (EY UK) for breaching ethical standards related to non-audit serv...
View articleThe Financial Reporting Council’s Annual Review of Audit Quality for 2024, released on July 30, 2024, paints a picture of an audit landscape in ...
View articleWith money laundering costing the UK economy more than £100billion each year according to the National Crime Agency, it is clear that this is an issue...
View articleAmongst the 40 laws the government announced in the King’s Speech on 17th July 2024, a draft Audit Reform and Corporate Governance Bill (the Bill) was...
View articleAs the global push for sustainable finance intensifies, UK businesses may need to prepare for mandatory International Sustainability Standards Board (...
View articleA recent International Energy Agency (IEA) report on carbon accounting for sustainable biofuels could herald significant changes in auditing practices...
View articleThe Financial Reporting Council (FRC) recently imposed significant sanctions on MacIntyre Hudson LLP (MHA) and two of its auditors. The case, revolvin...
View articleKPMG has launched its Clear on climate reporting hub to provide insights and guidance to help organisations and their stakeholders understand how to b...
View articleThe perception and recording of marketing expenditures call for a significant reassessment. Traditionally, these expenditures are treated as operating...
View articleEarlier this month, C&C Group, the maker of popular cider brands like Magners and Bulmers, announced the resignation of its CEO, Patrick McMahon, ...
View articleUnder the Companies Act 2006 (“CA 2006”), it is a criminal offence for directors to file their company accounts late. Typically, there isn...
View articleThe ICAEW cited managing insurance costs, firms struggling to obtain coverage, assessing risk-taking capacity, and evolved firm structures as drivers ...
View articleThe IESBA emphasizes the importance of timely and global adoption of their standards. For corporate accountants, this means staying updated with chang...
View articleKPMG's faces record fine for a widespread exam cheating scandal, implicating senior staff and highlighting systemic ethical issues in the professional...
View articlePwC's Australia tax scandal has led to significant changes, including over 300 job cuts and the refusal to share a crucial report with Australian parl...
View articleAccountants and accounting firms play a crucial role in maintaining financial integrity, facing ethical dilemmas and regulatory challenges. Adherence ...
View articleThe creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...
View articleChanges will help to make accounting profession more attractive, ICAEW boss says Read More...
View article38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...
View articleFaber has been outspoken about the EU's approach and reinforces the ISSB's approach of a climate transitioning on the "necessary scale" Read More...
View articleEffective corporate reporting on sustainability will prevent greenwashing issues and deliver more data for better implementation of climate policies R...
View articleBy staying informed, seeking expert guidance, and adopting a forward-looking approach, accountants can successfully navigate the new regulatory landsc...
View articleIOSCO currently covers 130 jurisdictions, meaning that it supervises 95% of financial markets Read More...
View articleAdministrative pressures should not deter accountants from upskilling around sustainability, argues IFA chief executive, John Edwards Read More...
View articleThe accountancy industry has been hit by several exam cheating cases over the last few years Read More...
View articleThe IFA has issued the alert following an initial wave of suspensions in December last year Read More...
View article