Accountants will need to step in to help with the EU's Carbon Border Adjustment Mechanism
Brexit

Accountants will need to step in to help with the EU's Carbon Border Adjust...

3y Rachael Kennedy

Accountants will need to step in to help with the ...

As the European Union’s Carbon Border Adjustment Mechanism (CBAM)unfolds, it heralds more than a policy shift—it’s reshaping the global tr...

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FRC imposes £33.2 million fines on audit firms amid crackdown
Audit

FRC imposes £33.2 million fines on audit firms amid crackdown

3y Accountancy Age

FRC imposes £33.2 million fines on audit firms ami...

The Financial Reporting Council's record fines imposed on audit firms in 2023 demonstrate its unwavering commitment to enhancing audit quality. Read M...

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FRC urged to reconsider enforcement criteria amidst industry evolution
Accounting Standards

FRC urged to reconsider enforcement criteria amidst industry evolution

3y 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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IFA: A reflection on 2023’s challenges and successes
Business

IFA: A reflection on 2023’s challenges and successes

3y Institute of Financial Account...

IFA: A reflection on 2023’s challenges and success...

Could accountants' efforts to better align with the demands and expectations of their clients serve as a spark for greater innovation and sector chang...

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Should the Autumn Statement have been tougher on late payments?
Budget

Should the Autumn Statement have been tougher on late payments?

3y Institute of Financial Account...

Should the Autumn Statement have been tougher on l...

With an Autumn Statement that has received mixed reviews, one aspect that has flown somewhat under the radar is the commitment to public sector paymen...

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Phil Thompson loses IR35 case
HMRC

Phil Thompson loses IR35 case

3y Accountancy Age

Phil Thompson loses IR35 case

The recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...

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What should accountants take away from Amazon's $270 million tax win?
Business

What should accountants take away from Amazon's $270 million tax win?

3y Accountancy Age

What should accountants take away from Amazon's $2...

Accountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...

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FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacceptable'
Accounting Standards

FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacc...

3y Accountancy Age

FRC says volume of Tier 2 and 3 audit firms requir...

38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...

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Emmanuel Faber secures second term as ISSB Chair
Accounting Standards

Emmanuel Faber secures second term as ISSB Chair

3y Accountancy Age

Emmanuel Faber secures second term as ISSB Chair

Faber has been outspoken about the EU's approach and reinforces the ISSB's approach of a climate transitioning on the "necessary scale" Read More...

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COP28: Accounting bodies call for action on climate-related reporting disclosures
Accounting Standards

COP28: Accounting bodies call for action on climate-related reporting discl...

3y Rachael Kennedy

COP28: Accounting bodies call for action on climat...

Effective corporate reporting on sustainability will prevent greenwashing issues and deliver more data for better implementation of climate policies R...

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Can the FCA's new Sustainability Disclosure Requirements usher in a new era of responsibility?
ESG

Can the FCA's new Sustainability Disclosure Requirements usher in a new era...

3y Accountancy Age

Can the FCA's new Sustainability Disclosure Requir...

As COP28 gets underway, the FCA's new rules are a significant step towards greater transparency and consumer protection in the sustainable investment ...

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HMRC launches campaign targeting crypto tax evaders
Digital assets

HMRC launches campaign targeting crypto tax evaders

3y Accountancy Age

HMRC launches campaign targeting crypto tax evader...

It is essential for crypto asset owners to take advantage of the new disclosure facility and seek specialist advice when necessary Read More...

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Master the art of end-of-year prep for Limited Company clients
Business

Master the art of end-of-year prep for Limited Company clients

3y Accountancy Age

Master the art of end-of-year prep for Limited Com...

Discover the critical aspects of end-of-year preparation for accountants managing limited company clients, from tax planning to compliance and effecti...

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Transformation Framework: Navigating new regulatory impacts in accountancy firms
Regulation

Transformation Framework: Navigating new regulatory impacts in accountancy ...

3y Accountancy Age

Transformation Framework: Navigating new regulator...

The volume of standards and regulation accountants now must adhered to has ballooned in recent years. This framework seeks to help accountants keep ab...

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Carbon accounting rules decoded
ESG

Carbon accounting rules decoded

3y Accountancy Age

Carbon accounting rules decoded

In an era where climate change is not just a buzzword but a business reality, the concept of carbon accounting has swiftly transitioned from a novel i...

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Navigating the IASB's Amendments to IFRS Accounting Standards
Accounting Standards

Navigating the IASB's Amendments to IFRS Accounting Standards

3y Accountancy Age

Navigating the IASB's Amendments to IFRS Accountin...

By staying informed, seeking expert guidance, and adopting a forward-looking approach, accountants can successfully navigate the new regulatory landsc...

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FRC: Financial reporting quality 'vital' amid economic turbulence
Economy

FRC: Financial reporting quality 'vital' amid economic turbulence

3y Greg Noble

FRC: Financial reporting quality 'vital' amid econ...

Continuing econonmic uncertainty serves as a reminder to businesses that consistent, high-quality financial reporting is more important than ever, a F...

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Battle lines drawn on internal controls as FRC closes consultation on new Corporate Governance Code
Corporate Governance

Battle lines drawn on internal controls as FRC closes consultation on new C...

3y David Callaghan

Battle lines drawn on internal controls as FRC clo...

According to the Chartered IIA, internal audit should be placed at the forefront of a new Code Read More...

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Audit sector can tackle Big Four dominance through collaboration, experts say
Audit

Audit sector can tackle Big Four dominance through collaboration, experts s...

3y Dan Cave

Audit sector can tackle Big Four dominance through...

Fines, regulatory oversight and greater investigations are sparking worries that sector control by giants will continue Read More...

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Let’s make accountants accountable for better business behaviour
Business

Let’s make accountants accountable for better business behaviour

3y Paul Druckman , Chairman, World Benchmarking Alliance

Let’s make accountants accountable for better busi...

By switching the focus from ‘profit made for investors’ to ‘value created for all’, accountants can find ways to quantify and evaluate the impact of a...

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

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

3y 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

3y 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

3y 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

3y 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

3y 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'

3y 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

3y 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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