Could ISSB reporting mandates arrive sooner than first thought?
Accounting Standards

Could ISSB reporting mandates arrive sooner than first thought?

11m Accountancy Age

Could ISSB reporting mandates arrive sooner than f...

As the global push for sustainable finance intensifies, UK businesses may need to prepare for mandatory International Sustainability Standards Board (...

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Biofuel Carbon Accounting Report could signal shift in carbon auditing practices
Accounting Standards

Biofuel Carbon Accounting Report could signal shift in carbon auditing prac...

11m Accountancy Age

Biofuel Carbon Accounting Report could signal shif...

A recent International Energy Agency (IEA) report on carbon accounting for sustainable biofuels could herald significant changes in auditing practices...

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Learning from MHA's £200k audit error
Accounting Standards

Learning from MHA's £200k audit error

11m Accountancy Age

Learning from MHA's £200k audit error

The Financial Reporting Council (FRC) recently imposed significant sanctions on MacIntyre Hudson LLP (MHA) and two of its auditors. The case, revolvin...

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KPMG launches new climate reporting hub
Accounting Standards

KPMG launches new climate reporting hub

11m Accountancy Age

KPMG launches new climate reporting hub

KPMG has launched its Clear on climate reporting hub to provide insights and guidance to help organisations and their stakeholders understand how to b...

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Marketing as an investment: Rethinking corporate accounting practices
Accounting Standards

Marketing as an investment: Rethinking corporate accounting practices

11m Accountancy Age

Marketing as an investment: Rethinking corporate a...

The perception and recording of marketing expenditures call for a significant reassessment. Traditionally, these expenditures are treated as operating...

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Learning from C&C's £14.5 million accounting error
Accounting Standards

Learning from C&C's £14.5 million accounting error

12m Accountancy Age

Learning from C&C's £14.5 million accounting error

Earlier this month, C&C Group, the maker of popular cider brands like Magners and Bulmers, announced the resignation of its CEO, Patrick McMahon, ...

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What are the consequences for directors who file company accounts late?
Accounting Standards

What are the consequences for directors who file company accounts late?

1y Nick Scott and Jonathan Chibafa, partners at Keystone Law

What are the consequences for directors who file c...

Under the Companies Act 2006 (“CA 2006”), it is a criminal offence for directors to file their company accounts late. Typically, there isn...

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ICAEW proposes major £2 million minimum for Professional Indemnity Insurance
Accounting Standards

ICAEW proposes major £2 million minimum for Professional Indemnity Insuranc...

1y Accountancy A

ICAEW proposes major £2 million minimum for Profes...

The ICAEW cited managing insurance costs, firms struggling to obtain coverage, assessing risk-taking capacity, and evolved firm structures as drivers ...

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IESBA to set new ethics and independence standards for sustainability reporting by 2024
Accounting Standards

IESBA to set new ethics and independence standards for sustainability repor...

1y Rachael Kennedy

IESBA to set new ethics and independence standards...

The IESBA emphasizes the importance of timely and global adoption of their standards. For corporate accountants, this means staying updated with chang...

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KPMG's Dutch subsidiary hit with record £20 million fine for exam cheating
Accounting Standards

KPMG's Dutch subsidiary hit with record £20 million fine for exam cheating

1y Rachael Kennedy

KPMG's Dutch subsidiary hit with record £20 millio...

KPMG's faces record fine for a widespread exam cheating scandal, implicating senior staff and highlighting systemic ethical issues in the professional...

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The PwC Australia Tax Scandal Explained: An Insider's Perspective
Accounting Standards

The PwC Australia Tax Scandal Explained: An Insider's Perspective

1y Rachael Kennedy

The PwC Australia Tax Scandal Explained: An Inside...

PwC'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...

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Ethical Vigilance in Accounting: Navigating Risks and Upholding Integrity for Global Economic Stability
Accounting Standards

Ethical Vigilance in Accounting: Navigating Risks and Upholding Integrity f...

1y Accountancy Age

Ethical Vigilance in Accounting: Navigating Risks ...

Accountants and accounting firms play a crucial role in maintaining financial integrity, facing ethical dilemmas and regulatory challenges. Adherence ...

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IESBA floats stricter ESG reporting standards for review
Accounting Standards

IESBA floats stricter ESG reporting standards for review

1y Accountancy Age

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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FRC urged to reconsider enforcement criteria amidst industry evolution
Accounting Standards

FRC urged to reconsider enforcement criteria amidst industry evolution

1y Accountancy Age

FRC urged to reconsider enforcement criteria amids...

Changes will help to make accounting profession more attractive, ICAEW boss says Read More...

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FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacceptable'
Accounting Standards

FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacc...

2y Accountancy Age

FRC says volume of Tier 2 and 3 audit firms requir...

38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...

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Emmanuel Faber secures second term as ISSB Chair
Accounting Standards

Emmanuel Faber secures second term as ISSB Chair

2y Accountancy Age

Emmanuel Faber secures second term as ISSB Chair

Faber has been outspoken about the EU's approach and reinforces the ISSB's approach of a climate transitioning on the "necessary scale" Read More...

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COP28: Accounting bodies call for action on climate-related reporting disclosures
Accounting Standards

COP28: Accounting bodies call for action on climate-related reporting discl...

2y Rachael Kennedy

COP28: Accounting bodies call for action on climat...

Effective corporate reporting on sustainability will prevent greenwashing issues and deliver more data for better implementation of climate policies R...

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Navigating the IASB's Amendments to IFRS Accounting Standards
Accounting Standards

Navigating the IASB's Amendments to IFRS Accounting Standards

2y Accountancy Age

Navigating the IASB's Amendments to IFRS Accountin...

By staying informed, seeking expert guidance, and adopting a forward-looking approach, accountants can successfully navigate the new regulatory landsc...

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IOSCO chair: ISSB standards 'fit for purpose'
Accounting Standards

IOSCO chair: ISSB standards 'fit for purpose'

2y Greg Noble

IOSCO chair: ISSB standards 'fit for purpose'

IOSCO currently covers 130 jurisdictions, meaning that it supervises 95% of financial markets Read More...

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SME accountants at risk of being left behind amid sustainability surge, cautions IFA
Accounting Standards

SME accountants at risk of being left behind amid sustainability surge, cau...

2y John Edwards

SME accountants at risk of being left behind amid ...

Administrative pressures should not deter accountants from upskilling around sustainability, argues IFA chief executive, John Edwards Read More...

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Exam cheating can become a ‘big issue’ if not appropriately addressed
Accounting Firms

Exam cheating can become a ‘big issue’ if not appropriately addressed

2y Greg Noble

Exam cheating can become a ‘big issue’ if not appr...

The accountancy industry has been hit by several exam cheating cases over the last few years Read More...

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Bolster AML protocols or face suspension, IFA warns
Accounting Standards

Bolster AML protocols or face suspension, IFA warns

3y Sam Alberti

Bolster AML protocols or face suspension, IFA warn...

The IFA has issued the alert following an initial wave of suspensions in December last year Read More...

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IFRS announces global sustainability standards board
Accounting Standards

IFRS announces global sustainability standards board

4y Sam Alberti

IFRS announces global sustainability standards boa...

The initiative will aim to fulfil the urgent demand for standardising corporate sustainability disclosures worldwide Read More...

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Profile: ICAEW president William Brooks
Accounting Standards

Profile: ICAEW president William Brooks

4y Sam Alberti

Profile: ICAEW president William Brooks

Accountancy Age spoke with Brooks, who talked us through future goals and challenges for the ICAEW Read More...

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AAT and ICAEW tussle over calls for compulsory membership
Accounting Standards

AAT and ICAEW tussle over calls for compulsory membership

4y Sam Alberti

AAT and ICAEW tussle over calls for compulsory mem...

“It’s unduly harsh” Read More...

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Audit Q&A: You cannot serve two masters
Accounting Standards

Audit Q&A: You cannot serve two masters

5y Shannon Moyer

Audit Q&A: You cannot serve two masters

We sat down with Remko Renes, an assistant professor of corporate governance at Nyenrode Business University, to discuss the future of audit in the UK...

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Coronavirus puts life insurers under threat due to ‘phantom capital’ exposure
Accounting Standards

Coronavirus puts life insurers under threat due to ‘phantom capital’ exposu...

5y Tom Lemmon

Coronavirus puts life insurers under threat due to...

Corporate defaults caused by the impacts of coronavirus could lead to a collapse of the life insurance market, as matching adjustment leaves many expo...

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