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

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

2y 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

2y 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

2y 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

2y 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

2y 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'

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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NAO to probe FCA over its effectiveness
Regulatory Bodies

NAO to probe FCA over its effectiveness

2y 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

2y 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’

2y 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'

2y 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

2y 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

2y 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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Economic Crime Bill: ‘once in a generation opportunity’ to close fraudster loophole
Regulation

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

2y 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...

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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Accountants sceptical as government pledges to regulate umbrella industry
Business Regulation

Accountants sceptical as government pledges to regulate umbrella industry

2y 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

2y 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

2y 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...

2y 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

2y 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

2y 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

3y 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: ...

3y 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

3y 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

3y 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

3y 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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