38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...
View articleContinuing econonmic uncertainty serves as a reminder to businesses that consistent, high-quality financial reporting is more important than ever, a F...
View articleThe review is understood to include examining the FCA’s governance, strategy, and culture and well as its approach to regulating diverse types of firm...
View articleThe FRC has said the admitted failings were "rudimentary and should not have occurred" Read More...
View articleAdministrative pressures should not deter accountants from upskilling around sustainability, argues IFA chief executive, John Edwards Read More...
View articlePlans to establish a Single Enforcement Body have resurfaced having been reportedly shelved last year Read More...
View articleThe accountancy industry has been hit by several exam cheating cases over the last few years Read More...
View articleThe 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...
View articleRegulatory body has launched an investigation into Deloitte’s auditing practices for the years ending 2017 and 2018 Read More...
View articleMoney laundering is a growing concern for businesses and governments around the world. Accountants play a crucial role in preventing money laundering ...
View articleAssociation relinquishing RPB authority Read More...
View articleThe revised version of the Sustainable Development Goals Disclosure (SDGD) demands firms to further include sustainable development risks within their...
View articleSAIs are essential for good governance in any country. In addition to holding their government to account by scrutinising the legality and accuracy of...
View articleMajor accountancy bodies support new code after string of audit-related business collapses in recent years. Read More...
View articleSir Amyas Morse’s independent review into the Loan Charge includes a series of middle-ground reforms which aim to balance taxpayers’ responsibility al...
View articleAs the value of fines on audit firms issued by the FRC increases, experts reflect on why the regulator’s approach has changed and how this has impacte...
View articleThe UK’s audit and accountancy watchdog has announced it will expand its investigation into EY’s auditing of Thomas Cook’s financial statements to inc...
View articleThe FRC has issued revised ethical and auditing standards in an effort to strengthen auditor independence and ban conflicts of interest. Read More...
View articleAAT specifically referenced in Treasury Select Committee’s report into business rates, which has requested the government to review the system and fin...
View articleTo promote regulatory knowledge, the new platform ‘vlearn’ is the first key central repository for EU VAT information for businesses to use themselves...
View articleFollowing the collapse of Thomas Cook, the regulatory body has launched an investigation into EY's auditing practices within the travel company for th...
View articleAn independent review suggested fines of £10m or over would be appropriate in instances of “seriously poor” audit work Read More...
View articleThis is the first enforcement action against a business by the watchdog over failing to report transactions of this kind Read More...
View articleCommittee expresses concern about costs to businesses and April 2018 implementation date Read More...
View articleACCA and Morison KSi have signed a global Memorandum of Understanding (MOU) to raise accountancy profession standards Read More...
View articleDrastically fewer offices for HMRC in the hope to reduce their running costs Read More...
View articleFormer RSM Tenon CEO Andy Raynor fined and reprimanded over its accounting, with both its former FD and auditor PwC facing complaints from the FRC Rea...
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