Treasury committee requests review into ‘broken’ business rates
Governance

Treasury committee requests review into ‘broken’ business rates

5y 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...

View article
VATGlobal launches European VAT information portal vlearn
Brexit & Economy

VATGlobal launches European VAT information portal vlearn

6y Leanna Reeves

VATGlobal launches European VAT information portal...

To promote regulatory knowledge, the new platform ‘vlearn’ is the first key central repository for EU VAT information for businesses to use themselves...

View article
FRC launches investigation into EY's Thomas Cook auditing
Big Four

FRC launches investigation into EY's Thomas Cook auditing

6y Shannon Moyer

FRC launches investigation into EY's Thomas Cook a...

Following the collapse of Thomas Cook, the regulatory body has launched an investigation into EY's auditing practices within the travel company for th...

View article
Get the latest analysis and reports delivered to your inbox daily
FRC urged to fine Big Four firms penalties over £10m
Audit

FRC urged to fine Big Four firms penalties over £10m

7y Accountancy Age

FRC urged to fine Big Four firms penalties over £1...

An independent review suggested fines of £10m or over would be appropriate in instances of “seriously poor” audit work Read More...

View article
FCA fines Merrill Lynch £34.5m over reporting failures
Business Regulation

FCA fines Merrill Lynch £34.5m over reporting failures

8y Accountancy Age

FCA fines Merrill Lynch £34.5m over reporting fail...

This is the first enforcement action against a business by the watchdog over failing to report transactions of this kind Read More...

View article
Treasury Select Committee report released on Making Tax Digital
Accounting Standards

Treasury Select Committee report released on Making Tax Digital

8y Stephanie Wix , Writer

Treasury Select Committee report released on Makin...

Committee expresses concern about costs to businesses and April 2018 implementation date Read More...

View article
ACCA and Morison KSi sign global MOU
Accounting Standards

ACCA and Morison KSi sign global MOU

8y Stephanie Wix , Writer

ACCA and Morison KSi sign global MOU

ACCA and Morison KSi have signed a global Memorandum of Understanding (MOU) to raise accountancy profession standards Read More...

View article
HMRC cuts over 150 offices to reduce running costs
Corporate Tax

HMRC cuts over 150 offices to reduce running costs

8y Stephanie Wix , Writer

HMRC cuts over 150 offices to reduce running costs

Drastically fewer offices for HMRC in the hope to reduce their running costs Read More...

View article
Ex-RSM Tenon CEO fined; ex-FD and PwC face complaints over its accounting
Accounting Standards

Ex-RSM Tenon CEO fined; ex-FD and PwC face complaints over its accounting

8y Kevin Reed , Writer

Ex-RSM Tenon CEO fined; ex-FD and PwC face complai...

Former 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...

View article
Sports Direct implements FRC corrections in annual reporting
Accounting Standards

Sports Direct implements FRC corrections in annual reporting

8y Stephanie Wix , Writer

Sports Direct implements FRC corrections in annual...

Corrective action has been taken by Sports Direct into its international stores reporting, following a review by accounting's watchdog Read More...

View article
CIIA appoints ex-FRC chief Paul Boyle as president
Company News

CIIA appoints ex-FRC chief Paul Boyle as president

8y Stephanie Wix , Writer

CIIA appoints ex-FRC chief Paul Boyle as president

Paul Boyle is appointed as the president of the Chartered Institute of Internal Auditors Read More...

View article
FRC appoints former ICAEW president to its board
People Practice

FRC appoints former ICAEW president to its board

8y Stephanie Wix , Writer

FRC appoints former ICAEW president to its board

Paul Druckman has been appointed to the board of the Financial Reporting Council (FRC) Read More...

View article
Nine steps for managing an accountancy disciplinary investigation
Accounting Firms

Nine steps for managing an accountancy disciplinary investigation

8y Accountancy Age

Nine steps for managing an accountancy disciplinar...

Do you have an investigation looming large over you? Kingsley Napley's Julie Matheson goes through the best strategies to manage the process Read More...

View article
CIMA opens door to CIPFA members
Accounting Standards

CIMA opens door to CIPFA members

8y Stephanie Wix , Writer

CIMA opens door to CIPFA members

An accelerated entry route into CIMA for CIPFA members is launched Read More...

View article
Former CFO joins IASB board
Accounting Standards

Former CFO joins IASB board

8y Stephanie Wix , Writer

Former CFO joins IASB board

The International Accounting Standards Board (IASB) have announced that Françoise Flores will join 1 January 2017 Read More...

View article
ACCA announces partnership with RD Tax Solutions
Accounting Standards

ACCA announces partnership with RD Tax Solutions

8y Stephanie Wix , Writer

ACCA announces partnership with RD Tax Solutions

The ACCA has announced a partnership with UK research and development tax reclaim specialist RD Tax Solutions Read More...

View article
Watchdog launches audit investigation into Sports Direct
Accounting Firms

Watchdog launches audit investigation into Sports Direct

8y Stephanie Wix , Writer

Watchdog launches audit investigation into Sports ...

FRC investigates why an arrangement between Sports Direct and Barlin Delivery was not disclosed in the company’s financial statements as a related par...

View article
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes
Audit

Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; an...

8y Kevin Reed , Writer

Friday Afternoon Live: HMRC complaints rise; Deloi...

HMRC receives highest number of complaints in seven years; Deloitte scoops BP and Centrica audits; and corporate reporting under the microscope in our...

View article
Record fine for Deloitte and audit partner over Aero misconduct
Accounting Standards

Record fine for Deloitte and audit partner over Aero misconduct

8y Stephanie Wix , Writer

Record fine for Deloitte and audit partner over Ae...

Deloitte has been fined a record £4m and its partner John Clennett fined £150,000 for misconduct regarding Aero Inventory Read More...

View article
MTD described as ‘insufficient’ and ‘unrealistic’ via major institute research
Corporate Tax

MTD described as ‘insufficient’ and ‘unrealistic’ via major institute resea...

8y Stephanie Wix , Writer

MTD described as ‘insufficient’ and ‘unrealistic’ ...

Accountants continue to pile pressure on HMRC to backtrack on its proposals for Making Tax Digital - with the consultation period set to end Read More...

View article
'Clear' tax avoidance guidance for advisers issued by institutes
Accounting Standards

'Clear' tax avoidance guidance for advisers issued by institutes

8y Stephanie Wix , Writer

'Clear' tax avoidance guidance for advisers issued...

Updated guidance on the standards expected of tax advisers and agents have been published by leading UK accountancy and tax bodies Read More...

View article
CIMA president becomes first chair of 'new' association
Institutes

CIMA president becomes first chair of 'new' association

8y Stephanie Wix , Writer

CIMA president becomes first chair of 'new' associ...

Andrew Miskin, president of CIMA, has been appointed as the first chair of the Association of International Certified Professional Accountants Read Mo...

View article
HMRC and Concentrix discuss ‘early exit’ as NAO launches inquiry
Personal Tax

HMRC and Concentrix discuss ‘early exit’ as NAO launches inquiry

9y Andrew Goodall

HMRC and Concentrix discuss ‘early exit’ as NAO la...

Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs Read More...

View article
Making Tax Digital project must be reset, experts tell MPs
Corporate Tax

Making Tax Digital project must be reset, experts tell MPs

9y Andrew Goodall

Making Tax Digital project must be reset, experts ...

Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small bus...

View article
Cashflow statement improvements targeted by watchdog
Accounting Standards

Cashflow statement improvements targeted by watchdog

9y Stephanie Wix , Writer

Cashflow statement improvements targeted by watchd...

Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC) Read More...

View article
FRC expects Brexit narrative within annual reports
Accounting Standards

FRC expects Brexit narrative within annual reports

9y Stephanie Wix , Writer

FRC expects Brexit narrative within annual reports

The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted...

View article
MEP calls for IASB pay cuts
Accounting Standards

MEP calls for IASB pay cuts

9y Richard Crump , Writer

MEP calls for IASB pay cuts

Board members of accounting standard setter the IASB have come under fire for the size of their remuneration packages amid scrutiny of how the organis...

View article