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Audit scandals rendering profession ‘unattractive’ to newcomers
Audit scandals rendering profession ‘unattractive’...
The FRC has overseen a major uptick in audit enforcement activity recently, with the regulator issuing fines of £33.3m in 2022, a 77% increase from th...
View articleHMRC has effectively ‘banned’ outside IR35 contractors amid customer servic...
HMRC has effectively ‘banned’ outside IR35 contrac...
The tax authority disclosed that it had not hired any contractors outside the scope of the IR35 legislation between 2022 and 2023 Read More...
View articleISSB standards timeline: A ‘new era’ for sustainability reporting
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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Sign upDiversification for small firms key amid tech advancements says IFA
Diversification for small firms key amid tech adva...
A recent survey highlighted that 36% of accountants feel technology has made their time with clients significantly more meaningful Read More...
View articleEXCLUSIVE: HMRC ‘can't rush’ digital transformation amid customer service w...
EXCLUSIVE: HMRC ‘can't rush’ digital transformatio...
In an exclusive interview with Accountancy Age, HMRC’s Joanna Rowland says collaboration with industry stakeholders is becoming ‘invaluable’ to the de...
View articleJuly people moves: Major recruits for FRC and Evelyn Partners
July people moves: Major recruits for FRC and Evel...
The FRC has announced Richard Moriarty as its new chief executive, replacing Sir Jon Thompson Read More...
View articleInsolvency statistics for Q2 ‘highly concerning’
Insolvency statistics for Q2 ‘highly concerning’
There were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...
View articleAccounting profession must collaborate to keep up with tech developments, ...
Accounting profession must collaborate to keep up ...
ICAS will undertake a major chartered accountant syllabus refresh in 2024 Read More...
View articleIOSCO chair: ISSB standards 'fit for purpose'
IOSCO chair: ISSB standards 'fit for purpose'
IOSCO currently covers 130 jurisdictions, meaning that it supervises 95% of financial markets Read More...
View articleThe tax function is an 'evolving beast'
The ERP system has evolved from being the finance data house to a tool that can power more business decision-making Read More...
View articleSignificant work required by government to gain trust of businesses again, ...
Significant work required by government to gain tr...
The Office for National Statistics reported that inflation in the UK dropped to 7.9% in June Read More...
View articleHMRC ‘suppresses growth’ by avoiding contractors outside IR35 in last year
HMRC ‘suppresses growth’ by avoiding contractors o...
HMRC revealed that it had not recruited any contractors outside the scope of the IR35 legislation in the last year Read More...
View articleNAO to probe FCA over its effectiveness
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...
View articleFDI advisory a key factor in Moore Kingston Smith Irish acquisition
FDI advisory a key factor in Moore Kingston Smith ...
MKS has acquired Irish firm Moore, in a bid to increase its international reach Read More...
View articleISSB standards provide a ‘real purpose’ for young people to join accountanc...
ISSB standards provide a ‘real purpose’ for young ...
The standards will become effective for periods commencing on or after 1 January 2024 Read More...
View articleHMRC responds to postal concerns with new taskforce
HMRC responds to postal concerns with new taskforc...
Between 2021 and 2022, HMRC responded to 39.5% of postal queries within 15 days, compared to 70.3% between 2019 and 2020, according to a recent Public...
View articleAudit teams must collaborate to weather economic storm, experts say
Audit teams must collaborate to weather economic s...
33% of organisations have incorporated auditing measures to enhance resiliency against macroeconomic uncertainty into their regular audit practices Re...
View articlePeople moves: Mazars, BDO contribute to mid-market activity surge
People moves: Mazars, BDO contribute to mid-market...
This month saw a series of appointments and promotions from the industry's mid-tier firm Read More...
View articleBusiness owners need certainty to encourage them to retain UK businesses, e...
Business owners need certainty to encourage them t...
23% of business owners having hastened their plans to either sell or wind down their businesses Read More...
View articleKPMG and PwC sanctioned by FRC for Eddie Stobart audits
KPMG and PwC sanctioned by FRC for Eddie Stobart a...
After cooperating with the inquiry, the firms and partners received a reduction in fines Read More...
View articleCollecting customer data the main barrier to HMRC’s Single Customer Account...
Collecting customer data the main barrier to HMRC’...
HMRC believes its Single Customer Account (SCA) scheme, which is expected to be in place by 2025, will transform its digital service offering Read Mor...
View articleHMRC to appeal Gary Lineker IR35 case
Lineker won his case against HMRC over a £4.9m tax bill for income he earned from 2013 to 2014 and 2017 to 2018 Read More...
View articleCalls for overhaul of UK tax system ‘long overdue’
Calls for overhaul of UK tax system ‘long overdue’
The Chancellor's choice to dissolve the OTS runs the risk of conveying that it is not a priority for the Government Read More...
View articleDEI initiatives: How Mazars, Haysmacintyre hope to win the talent war
DEI initiatives: How Mazars, Haysmacintyre hope to...
DEI initiatives can help accountancy firms put their best foot forward with the youngest generation in the workforce, experts suggest Read More...
View articleMay People Moves: Mid-market firms shuffle accountancy talent
May People Moves: Mid-market firms shuffle account...
In May, we unpack the wave of activity in several mid-market firms, as well as the latest moves across regulators and trade bodies Read More...
View articleFRC minimum standard for audit committees ‘a step in the right direction’
FRC minimum standard for audit committees ‘a step ...
But it may not be the solution to building consistently high-quality audits Read More...
View articleHint of future tax reductions welcomed but won’t quell uncertainty
Hint of future tax reductions welcomed but won’t q...
The Office for National Statistics revealed that the UK economy shrank by 0.3% in March after the economy grew by 0.1% in the previous three months Re...
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