A consortium of global and European accounting organizations is joining forces to address two major challenges facing the profession: the integration ...
View articleFor 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...
View articleThe European Commission has unveiled sweeping changes to sustainability reporting requirements under its Omnibus Simplification Package, a move that w...
View articleThe UK’s Financial Conduct Authority (FCA) has found that most financial advice firms are delivering suitability reviews as required, but gaps remain ...
View articleThe Association of Accounting Technicians (AAT) has named Sir Stephen Hillier as its inaugural Board Chair, a move that signals a sweeping overhaul of...
View articleUK firms are increasingly defaulting on fines imposed for the late filing of annual accounts, with recent data exposing significant gaps in major comp...
View articleThe European Union has set 30 June 2032 as the deadline for the mandatory adoption of electronic VAT exemption certificates, replacing the traditional...
View articleThe UK’s tax authority, HM Revenue & Customs (HMRC), has abandoned plans to alter the tax treatment of members within limited liability part...
View articleUnderstanding what drives productivity is crucial to economic growth, innovation, and living standards, making all of us stakeholders in the efforts t...
View articleMore 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...
View articleThe UK’s financial watchdog is facing fierce resistance over its proposal to publicly disclose company investigations before enforcement action is tak...
View articleThe global accountancy body has thrown its support behind the UK government’s proposed overhaul of local authority audits but warns that the reforms l...
View articleOn Friday, January 31, 2025, Barclays experienced a significant IT outage that disrupted various banking services, including online and mobile banking...
View articleAs the climate crisis accelerates, the world is shifting towards transparency in carbon emissions. With mandatory climate reporting set to impact an e...
View articleOver the past five years, accounting firms have faced penalties exceeding $100 million globally for lapses tied to ethical breaches, according to a re...
View articleThe International Accounting Standards Board (IASB) has introduced targeted amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instrument...
View articleOnce the domain of tech enthusiasts and speculative investors, digital assets are now transforming the financial underpinnings of global business. Cry...
View articleThe Charity Commission has announced a statutory inquiry into Community Accountancy Self Help, citing concerns over persistent non-compliance with fin...
View articleCorporate reporting is rapidly evolving, with numerous new standards and requirements being established to guide companies towards more responsible an...
View articleThe Economic Crime and Corporate Transparency Act 2023 (ECCTA) will have a significant impact on evolving accountancy practice. John Clarke, Chair of ...
View articleThe Financial Reporting Council (FRC) has published its draft three-year strategy for 2025-28, emphasising its commitment to safeguarding public trust...
View articleThe Financial Reporting Council (FRC) has released initial findings from its ongoing examination of the NHS audit market, revealing significant obstac...
View articleMacy’s, the iconic retail giant, recently disclosed a significant accounting misstatement involving $151 million in cumulative delivery expenses, span...
View articleThe forthcoming amendments to FRS 102 represent one of the most significant changes to lease accounting in years. Effective from January 2026, these u...
View articleMHA reveals ambitious roadmap to net zero by 2030, while transparent reporting shows the real-world challenges of balancing rapid business growth with...
View articleThe Public Company Accounting Oversight Board (PCAOB) voted 4-1 to require major accounting firms to submit detailed financial statements and standard...
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