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28 July 2022

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Accounting Firms  Burnout sweeps through accounting industry causing surge in mistakes on the job

Burnout is leading to mistakes as survey finds 85% of accountants reopened their books at least once over the last year to fix errors Read more

 

Technology  Accounting and audit tech update: Microsoft, Xero, and more

Sam Alberti

Accountancy Age’s monthly round-up of accounting and audit tech news, including new partnerships, acquisitions and product launches Read more

Practice  The Mid-Tier Power Index – Two weeks remaining

Sam Alberti

Time is running out for firms to secure their entries for the Accountancy Age’s new ranking Read more

Audit  Audit Quality Review: “Long-term improvement” still required, FRC says

Rebecca Whittaker

The FRC regulator’s audit quality scores show a slight improvement despite “unacceptable” reviews from Mazars and BDO Read more

Tax  UK R&D criteria to be tightened in system overhaul

Sam Alberti

New government proposals see scope widen in some areas but narrow in others Read more

Audit  Audit firms asked to address exam cheating following Big Four scandals

Rebecca Whittaker

The FRC intervention to prevent cheating in the UK follows huge fines issued to firms in the US, Australia, and Canada Read more

Audit  Grant Thornton handed £2m fine by FRC over “fundamental” failings in Sports Direct audit

Sam Alberti

The judgement concludes more than five years of probes into the audit firm’s accounts Read more

Business  Accounting watchdog fines Laura Ashley auditor over “serious” breaches

Rebecca Whittaker

UHY Hacker Young and audit engagement partner Martin Jones face fines of more than £300,00 following Laura Ashley audit breaches. Read more

 

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Making Tax Digital

Are you up-to-date with MTD, HMRC’s initiative to digitalise the UK tax system? Get the latest here. Read more

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Environmental, Social and Governance (ESG)

While once a seemingly radical idea, Environmental, Social and Governance (ESG) principles now represent a vast ecosystem in the world of business and finance. Read more in our ESG collection. Read more

 

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Accounting Firms  Top 50+50 emerges confident from the pandemic

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