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

1y 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...

1y 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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Economic Crime Bill: ‘once in a generation opportunity’ to close fraudster loophole
Regulation

Economic Crime Bill: ‘once in a generation opportunity’ to close fraudster ...

1y Greg Noble

Economic Crime Bill: ‘once in a generation opportu...

The Economic Crime and Corporate Transparency Bill aims to tackle the abuse of UK companies’ registration and removals by reforming the powers of Comp...

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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...

1y 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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Accountants sceptical as government pledges to regulate umbrella industry
Business Regulation

Accountants sceptical as government pledges to regulate umbrella industry

1y Sam Alberti

Accountants sceptical as government pledges to reg...

Plans to establish a Single Enforcement Body have resurfaced having been reportedly shelved last year Read More...

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IFA warns of “critical understanding” in ROE verification process
Brexit & Economy

IFA warns of “critical understanding” in ROE verification process

1y John Edwards

IFA warns of “critical understanding” in ROE verif...

Accountants must get to grips with the detailed verification requirements before agreeing to verify the identities of any beneficial owners or managin...

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Windsor Framework: an opportunity for the advisory role
Accounting Firms

Windsor Framework: an opportunity for the advisory role

1y Greg Noble

Windsor Framework: an opportunity for the advisory...

The protocol is the part of the Brexit deal which sets Northern Ireland's trade rules Read More...

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Data privacy day: Modern accountancies reap the rewards of responsible data practice
Data Repository

Data privacy day: Modern accountancies reap the rewards of responsible data...

1y Wolters Kluwer | Sponsored

Data privacy day: Modern accountancies reap the re...

Accountancy practices using cloud accounting platforms already have an added advantage with regards to data security Read More...

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Determining IR35 status based on archaic case law
HMRC

Determining IR35 status based on archaic case law

1y Greg Noble

Determining IR35 status based on archaic case law

The government will have to decide if IR35 will be mentioned in the 2023 Spring Budget Read More...

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FRC chief to stand down amid “pivotal” time for audit reform
Audit

FRC chief to stand down amid “pivotal” time for audit reform

1y Sam Alberti

FRC chief to stand down amid “pivotal” time for au...

Sir Jon Thompson will begin leading the HS2 project with immediate effect 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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Embracing digitalisation as part of your indirect tax compliance strategy: a Q&A with Avalara’s Ruby Buckland
MTD

Embracing digitalisation as part of your indirect tax compliance strategy: ...

2y Nash Riggins

Embracing digitalisation as part of your indirect ...

Regulatory divergence is on the rise across several key markets. As a result, corporates of all shapes and sizes are facing increasingly complex digit...

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Deloitte hit with £1.25m FRC fine over SIG audit
Accounting Firms

Deloitte hit with £1.25m FRC fine over SIG audit

2y Sam Alberti

Deloitte hit with £1.25m FRC fine over SIG audit

The Big Four firm was found guilty of breaches in relation to cash and the audit of supplier rebates Read More...

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FRC to address ‘failing audit market’ with competitiveness measures
Audit

FRC to address ‘failing audit market’ with competitiveness measures

2y Sam Alberti

FRC to address ‘failing audit market’ with competi...

The Financial Reporting Council (FRC) has unveiled plans to stimulate competition and resilience in the UK audit market, with a view to remedying the ...

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The role of advisory within accountancy
Accounting Firms

The role of advisory within accountancy

2y Greg Noble

The role of advisory within accountancy

The role of an accountant has been transitioning from its traditional offering recently, with advisory services becoming an integral part of its makeu...

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Self-employed ‘abandoned’ as IR35 absent from Autumn Statement
Budget

Self-employed ‘abandoned’ as IR35 absent from Autumn Statement

2y Sam Alberti

Self-employed ‘abandoned’ as IR35 absent from Autu...

Clarity is desperately needed following a series of U-turns, market participants have said Read More...

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UK government must ‘get on’ with audit reform, industry body says
Audit

UK government must ‘get on’ with audit reform, industry body says

2y Sam Alberti

UK government must ‘get on’ with audit reform, ind...

The urgency for reform is greater than ever due to the weakening economy, the Chartered IIA argued Read More...

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IFAC publishes action plan to tackle economic crime and corruption
Regulation

IFAC publishes action plan to tackle economic crime and corruption

2y Rebecca Whittaker

IFAC publishes action plan to tackle economic crim...

Accountants are key to fighting against money laundering, fraud, and tax evasion according to IFAC Read More...

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PwC hit with multi-million pound sanctions over BT audits
Big Four

PwC hit with multi-million pound sanctions over BT audits

2y Rebecca Whittaker

PwC hit with multi-million pound sanctions over BT...

The accounting regulator also handed partner Richard Hughes a £42,000 fine Read More...

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FRC confirms overhaul of UK corporate governance code
Corporate Governance

FRC confirms overhaul of UK corporate governance code

2y Sam Alberti

FRC confirms overhaul of UK corporate governance c...

The first update to the UK Corporate Governance Code in four years will see the creation of a stronger framework for reporting on internal controls an...

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Corporate governance reform vital to address organisational “culture crisis”
Corporate Governance

Corporate governance reform vital to address organisational “culture crisis...

2y Patricia Cullen

Corporate governance reform vital to address organ...

Businesses must adopt a healthy corporate culture or risk legal and business consequences Read More...

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Capital allowances – time for reform?
Business

Capital allowances – time for reform?

2y Emma Rawson

Capital allowances – time for reform?

Emma Rawson, ATT technical officer, takes a look at proposals to shake up the capital allowances regime Read More...

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