Inside the £77.6m accounting failure at CTM
Audit

Inside the £77.6m accounting failure at CTM

2m nikita alexander

Inside the £77.6m accounting failure at CTM

The £77.6 million accounting error at Corporate Travel Management (CTM), which triggered an urgent government investigation, is a sobering case study ...

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What does resilience really look like in 2025?
Business

What does resilience really look like in 2025?

6m Accountancy Age

What does resilience really look like in 2025?

The Chartered Institute of Management Accountants (CIMA) has launched a Business Resilience Toolkit to help finance professionals and business leaders...

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The potential of AI in pharma: Balancing innovation and ethics is critical
AI in Accounting

The potential of AI in pharma: Balancing innovation and ethics is critical

8m Nigel Layton, Partner and Head of Pharma & Life Sciences at Forvis Mazars

The potential of AI in pharma: Balancing innovatio...

As with many industries, the pharmaceutical and life sciences sector is embracing artificial intelligence (AI) to drive transformation. The sector is ...

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New corporate fraud offence to take effect in September—what firms must know
Accounting Firms

New corporate fraud offence to take effect in September—what firms must kno...

9m Accountancy Age

New corporate fraud offence to take effect in Sept...

UK accountancy firms and their clients face a tightening of corporate liability rules from 1 September 2025, when the new offence of Failure to Preven...

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ICAS celebrates 170 years as the world’s oldest accountancy body
Company News

ICAS celebrates 170 years as the world’s oldest accountancy body

1y Accountancy Age

ICAS celebrates 170 years as the world’s oldest ac...

The Institute of Chartered Accountants of Scotland (ICAS) is marking its 170th anniversary this month, celebrating its role as the world’s oldest prof...

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Inside Macy's $151 million accounting error
Business Regulation

Inside Macy's $151 million accounting error

1y Rachael Kennedy

Inside Macy's $151 million accounting error

Macy’s, the iconic retail giant, recently disclosed a significant accounting misstatement involving $151 million in cumulative delivery expenses, span...

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FRC urged to reconsider enforcement criteria amidst industry evolution
Accounting Standards

FRC urged to reconsider enforcement criteria amidst industry evolution

2y Accountancy Age

FRC urged to reconsider enforcement criteria amids...

Changes will help to make accounting profession more attractive, ICAEW boss says Read More...

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Big Four to focus on governance following regulatory pressure
Governance

Big Four to focus on governance following regulatory pressure

2y Rachael Kennedy

Big Four to focus on governance following regulato...

In the wake of a series of scandals and strategic missteps, the Big Four accounting and consulting firms – Deloitte, EY, KPMG, and PwC – a...

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Inside the B Corp application process: Data availability a critical necessity
Business

Inside the B Corp application process: Data availability a critical necessi...

3y Sam Alberti

Inside the B Corp application process: Data availa...

As more accounting firms gain B Corp status, insiders describe the process and data requirements Read More...

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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...

3y 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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Mission Zero: Can taxes help us achieve Net Zero?
Business

Mission Zero: Can taxes help us achieve Net Zero?

3y Helen Thornley

Mission Zero: Can taxes help us achieve Net Zero?

Last month, a report into the UK's progress towards net zero recommended that the Treasury should review how the tax system could be used to incentivi...

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Lord questions government’s lending relief strategy
Coronavirus

Lord questions government’s lending relief strategy

6y Leanna Reeves

Lord questions government’s lending relief strateg...

Lord Leigh believes PAYE and NI relief would be a more efficient measure as coronavirus continues to hit SMEs with low cash Read More...

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Old Lady aiming to dampen concern over gilds, tightening conditions
Business

Old Lady aiming to dampen concern over gilds, tightening conditions

6y Leanna Reeves

Old Lady aiming to dampen concern over gilds, tigh...

Bank of England’s rate cut to 0.1 percent highlights growing concerns over coronavirus’ impact on businesses Read More...

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SAIs: strengthening the government audit function internationally
Governance

SAIs: strengthening the government audit function internationally

6y Salema Hafiz

SAIs: strengthening the government audit function ...

SAIs are essential for good governance in any country. In addition to holding their government to account by scrutinising the legality and accuracy of...

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Government announces review into IR35
Governance

Government announces review into IR35

6y Chris Jewers

Government announces review into IR35

A review into IR35, promised by Sajid Javid in the run up to the election, has been launched by the UK government. While this will come as welcome new...

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Video: Integrated Reporting – A corporate reporting framework fit for the 21st Century
Corporate Governance

Video: Integrated Reporting – A corporate reporting framework fit for the 2...

6y Tom Lemmon

Video: Integrated Reporting – A corporate reportin...

Chief Strategy Officer of the International Integrated Reporting Council (IIRC), Jonathan Labrey, talks to Accountancy Age reporter, Tom Lemmon about ...

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Treasury committee requests review into ‘broken’ business rates
Governance

Treasury committee requests review into ‘broken’ business rates

6y Chris Jewers

Treasury committee requests review into ‘broken’ b...

AAT specifically referenced in Treasury Select Committee’s report into business rates, which has requested the government to review the system and fin...

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Draft code launched in bid to reduce risk of corporate collapses
Governance

Draft code launched in bid to reduce risk of corporate collapses

7y Chris Jewers

Draft code launched in bid to reduce risk of corpo...

The Internal Audit Code of Practice aims to create an internal audit industry standard and boost the ‘status, standards, scope and skills’ of internal...

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KPMG bullying allegations “only scratching the surface” in industry
Big Four

KPMG bullying allegations “only scratching the surface” in industry

7y Dave Beach

KPMG bullying allegations “only scratching the sur...

As KPMG's Sanjay Thakkar steps down amid a complaint to the FRC, a legal specialist suggests more investigations are likely in professional services R...

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ICAEW: Companies House data a “gaping hole in AML defences”
Audit

ICAEW: Companies House data a “gaping hole in AML defences”

7y Dave Beach

ICAEW: Companies House data a “gaping hole in AML ...

New research quantifies the extent of Companies House inaccuracy as the ICAEW urges the Treasury and BEIS to shore up defences Read More...

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Tech series: Taking the pain out of money laundering compliance
Governance

Tech series: Taking the pain out of money laundering compliance

7y Beth McLoughlin

Tech series: Taking the pain out of money launderi...

SmartSearch CEO John Dobson explains how his platform can make compliance with money laundering regulations more efficient, less costly and more accur...

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Off-payroll working in the private sector
Governance

Off-payroll working in the private sector

7y AJ Chambers Recruitment | Sponsored

Off-payroll working in the private sector

Matthew Lawford, director at AJ Chambers Recruitment, asks employment tax specialist, Alistair Kendrick, for his views on the off-payroll working cons...

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“Fraud is complex and rarely about one issue,” says BDO
Governance

“Fraud is complex and rarely about one issue,” says BDO

7y Emanuela Hawker , Reporter

“Fraud is complex and rarely about one issue,” say...

The firm’s annual FraudTrack report reveals that, whilst the value of fraud cases has dropped, it is still a prevalent issue in the UK. Read More...

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FRC: new “rigorous requirements” for Stewardship Code
Corporate Governance

FRC: new “rigorous requirements” for Stewardship Code

7y Emanuela Hawker , Reporter

FRC: new “rigorous requirements” for Stewardship C...

The Financial Reporting Council aims for the Stewardship Code to better complement “stronger corporate governance provisions” Read More...

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Football Finance: Short-term cost controls, profitability, and sustainability
Governance

Football Finance: Short-term cost controls, profitability, and sustainabili...

7y Andy Turner

Football Finance: Short-term cost controls, profit...

Andy Turner, audit and business advisory partner (media and sports), provides an update on Football Finance Read More...

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Have AIM Rule 26 changes been effective?
Governance

Have AIM Rule 26 changes been effective?

7y Emanuela Hawker , Reporter

Have AIM Rule 26 changes been effective?

UHY Hacker Young and Quoted Companies Alliance have said that more needs to be done in this area Read More...

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Here’s how accountants can restore public confidence in business
Governance

Here’s how accountants can restore public confidence in business

7y Beth McLoughlin

Here’s how accountants can restore public confiden...

A white paper from AAT recommends stronger protections for whistle-blowers and an increased uptake of technology to help clients avoid late payments R...

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