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...

10m 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

10m 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...

10m 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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Can the FCA's new Sustainability Disclosure Requirements usher in a new era of responsibility?
ESG

Can the FCA's new Sustainability Disclosure Requirements usher in a new era...

10m Accountancy Age

Can the FCA's new Sustainability Disclosure Requir...

As COP28 gets underway, the FCA's new rules are a significant step towards greater transparency and consumer protection in the sustainable investment ...

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HMRC launches campaign targeting crypto tax evaders
Digital assets

HMRC launches campaign targeting crypto tax evaders

10m Accountancy Age

HMRC launches campaign targeting crypto tax evader...

It is essential for crypto asset owners to take advantage of the new disclosure facility and seek specialist advice when necessary Read More...

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Master the art of end-of-year prep for Limited Company clients
Business

Master the art of end-of-year prep for Limited Company clients

10m Accountancy Age

Master the art of end-of-year prep for Limited Com...

Discover the critical aspects of end-of-year preparation for accountants managing limited company clients, from tax planning to compliance and effecti...

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Transformation Framework: Navigating new regulatory impacts in accountancy firms
Regulation

Transformation Framework: Navigating new regulatory impacts in accountancy ...

11m Accountancy Age

Transformation Framework: Navigating new regulator...

The volume of standards and regulation accountants now must adhered to has ballooned in recent years. This framework seeks to help accountants keep ab...

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Carbon accounting rules decoded
ESG

Carbon accounting rules decoded

11m Accountancy Age

Carbon accounting rules decoded

In an era where climate change is not just a buzzword but a business reality, the concept of carbon accounting has swiftly transitioned from a novel i...

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

Navigating the IASB's Amendments to IFRS Accounting Standards

11m 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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FRC: Financial reporting quality 'vital' amid economic turbulence
Economy

FRC: Financial reporting quality 'vital' amid economic turbulence

1y Greg Noble

FRC: Financial reporting quality 'vital' amid econ...

Continuing econonmic uncertainty serves as a reminder to businesses that consistent, high-quality financial reporting is more important than ever, a F...

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Battle lines drawn on internal controls as FRC closes consultation on new Corporate Governance Code
Corporate Governance

Battle lines drawn on internal controls as FRC closes consultation on new C...

1y David Callaghan

Battle lines drawn on internal controls as FRC clo...

According to the Chartered IIA, internal audit should be placed at the forefront of a new Code Read More...

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Audit sector can tackle Big Four dominance through collaboration, experts say
Audit

Audit sector can tackle Big Four dominance through collaboration, experts s...

1y Dan Cave

Audit sector can tackle Big Four dominance through...

Fines, regulatory oversight and greater investigations are sparking worries that sector control by giants will continue Read More...

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Let’s make accountants accountable for better business behaviour
Business

Let’s make accountants accountable for better business behaviour

1y Paul Druckman , Chairman, World Benchmarking Alliance

Let’s make accountants accountable for better busi...

By switching the focus from ‘profit made for investors’ to ‘value created for all’, accountants can find ways to quantify and evaluate the impact of a...

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Businesses ‘welcome’ BoE’s decision to leave interest rates unchanged
Economy

Businesses ‘welcome’ BoE’s decision to leave interest rates unchanged

1y Greg Noble

Businesses ‘welcome’ BoE’s decision to leave inter...

The decision signifies the end of a string of 14 successive rate increases implemented since late 2021, but pause may only be temporary Read More...

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Accountancy Blueprint: Gap analysis for regulatory compliance
Regulation

Accountancy Blueprint: Gap analysis for regulatory compliance

1y Accountancy Age

Accountancy Blueprint: Gap analysis for regulatory...

In a world where trust hinges on compliance, this blueprint is a compass to not only meet regulations but also strengthen a firm's reputation and succ...

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Evolution, not revolution, is needed to tackle economic crime
Regulation

Evolution, not revolution, is needed to tackle economic crime

1y Adam Harper

Evolution, not revolution, is needed to tackle eco...

The UK Treasury's fresh proposals to reform AML supervision could pose a huge risk to productivity, according to the AAT's Adam Harper Read More...

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EU VAT changes could still impact UK firms, experts warn
Regulation

EU VAT changes could still impact UK firms, experts warn

1y Rob Griffin

EU VAT changes could still impact UK firms, expert...

Businesses urged to prepare for next year’s regulatory overhaul. Read More...

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ISSB standards timeline: A ‘new era’ for sustainability reporting
ESG

ISSB standards timeline: A ‘new era’ for sustainability reporting

1y Greg Noble

ISSB standards timeline: A ‘new era’ for sustaina...

The standards will be effective for periods beginning on or after 1st January 2024 Read More...

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

IOSCO chair: ISSB standards 'fit for purpose'

1y 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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NAO to probe FCA over its effectiveness
Regulatory Bodies

NAO to probe FCA over its effectiveness

1y Greg Noble

NAO to probe FCA over its effectiveness

The review is understood to include examining the FCA’s governance, strategy, and culture and well as its approach to regulating diverse types of firm...

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FRC announces major overhaul of UK Corporate Governance Code
Audit

FRC announces major overhaul of UK Corporate Governance Code

1y Sam Alberti

FRC announces major overhaul of UK Corporate Gover...

The proposals form part of an ongoing overhaul of audit and corporate governance in the UK Read More...

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FRC minimum standard for audit committees ‘a step in the right direction’
Audit

FRC minimum standard for audit committees ‘a step in the right direction’

1y Greg Noble

FRC minimum standard for audit committees ‘a step ...

But it may not be the solution to building consistently high-quality audits Read More...

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ISSB transition respite will provide 'more consistency'
Business Regulation

ISSB transition respite will provide 'more consistency'

1y Greg Noble

ISSB transition respite will provide 'more consist...

The ISSB revealed that it will offer transitional aid to companies as they implement S1 (general requirements) and S2 (climate) Read More...

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Smarter Regulation plans ‘long overdue’ for temporary workers
Brexit & Economy

Smarter Regulation plans ‘long overdue’ for temporary workers

1y Sam Alberti

Smarter Regulation plans ‘long overdue’ for tempor...

The proposed changes to employment law will save businesses £1bn per year, the policy paper argues Read More...

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KPMG sanctioned for ‘rudimentary’ failings over The Works audit
Audit

KPMG sanctioned for ‘rudimentary’ failings over The Works audit

1y Greg Noble

KPMG sanctioned for ‘rudimentary’ failings over Th...

The FRC has said the admitted failings were "rudimentary and should not have occurred" Read More...

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‘Arbitrary’ new R&D threshold could encourage fraud
Brexit & Economy

‘Arbitrary’ new R&D threshold could encourage fraud

2y Sam Alberti

‘Arbitrary’ new R&D threshold could encourage frau...

40% R&D threshold is an "arbitrary" number and may exclude many SMEs, accounting experts caution Read More...

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ESG knowledge gap must be bridged quickly by accountants ahead of IFRS Standards
ESG

ESG knowledge gap must be bridged quickly by accountants ahead of IFRS Stan...

2y Greg Noble

ESG knowledge gap must be bridged quickly by accou...

The first two IFRS standards will be issued by the end of June 2023 Read More...

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