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...

Brussels retreats on ESG rules—80% of firms to ski...

The European Commission has unveiled sweeping changes to sustainability reporting requirements under its Omnibus Simplification Package, a move that w...

FCA flags gaps in suitability reviews despite high...

The UK’s Financial Conduct Authority (FCA) has found that most financial advice firms are delivering suitability reviews as required, but gaps remain ...

AAT appoints Sir Stephen Hillier as Board Chair

The Association of Accounting Technicians (AAT) has named Sir Stephen Hillier as its inaugural Board Chair, a move that signals a sweeping overhaul of...

UK companies fall short on late filing fines, rais...

UK firms are increasingly defaulting on fines imposed for the late filing of annual accounts, with recent data exposing significant gaps in major comp...

EU mandates electronic VAT exemption certificates ...

The European Union has set 30 June 2032 as the deadline for the mandatory adoption of electronic VAT exemption certificates, replacing the traditional...

UK drops tax crackdown on private equity and accou...

The UK’s tax authority, HM Revenue & Customs (HMRC), has abandoned plans to alter the tax treatment of members within limited liability part...

Unlocking productivity: the evolving role of the C...

Understanding what drives productivity is crucial to economic growth, innovation, and living standards, making all of us stakeholders in the efforts t...

The hidden cyber threat lurking in your supply cha...

More than half of large UK financial services firms experienced at least one third-party supply chain attack in 2024, with nearly a quarter facing thr...

FCA faces backlash over plan to expose firms under...

The UK’s financial watchdog is facing fierce resistance over its proposal to publicly disclose company investigations before enforcement action is tak...

ACCA backs central oversight of local authority au...

The global accountancy body has thrown its support behind the UK government’s proposed overhaul of local authority audits but warns that the reforms l...

When banks fail, businesses pay—The Barclays outag...

On Friday, January 31, 2025, Barclays experienced a significant IT outage that disrupted various banking services, including online and mobile banking...

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...

Ethics in accounting: Can firms restore public tru...

Over the past five years, accounting firms have faced penalties exceeding $100 million globally for lapses tied to ethical breaches, according to a re...

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...

How are digital assets changing the balance sheet?

Once the domain of tech enthusiasts and speculative investors, digital assets are now transforming the financial underpinnings of global business. Cry...

Regulator investigates charity for repeated filing...

The Charity Commission has announced a statutory inquiry into Community Accountancy Self Help, citing concerns over persistent non-compliance with fin...

Navigating a new era of corporate reporting

Corporate reporting is rapidly evolving, with numerous new standards and requirements being established to guide companies towards more responsible an...

What accountants need to know about becoming an au...

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) will have a significant impact on evolving accountancy practice. John Clarke, Chair of ...

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...

FRC warns of critical fault lines in NHS audit mar...

The Financial Reporting Council (FRC) has released initial findings from its ongoing examination of the NHS audit market, revealing significant obstac...

Inside Macy's $151 million accounting error

Macy’s, the iconic retail giant, recently disclosed a significant accounting misstatement involving $151 million in cumulative delivery expenses, span...

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...