As the "2026 Reporting Cliff" approaches, the UK accounting profession faces a dual crisis of regulatory upheaval and technological displacement. From...
View articleThe "quiet" period for UK accountants is officially over. As 2026 begins, the profession faces a perfect storm of regulatory mandates from the balance...
View articleThe mandatory FRS 102 changes effective from 2026 will drag most operating leases onto the balance sheet, fundamentally altering key financial ratios ...
View articleThe FCA's inquiry into WH Smith's significant accounting error over revenue recognition is a wake-up call for all UK finance leaders. This analysis ex...
View articleSupplier Finance Arrangements (SFA), including reverse factoring and similar structures, have become an integral part of modern working capital manage...
View articleAs accountants face rising client demands, regulatory pressures, and a persistent skills shortage, technology is becoming the key enabler for growth. ...
View articleA global study has called for urgent action to create consistent accounting guidance for carbon-related instruments, highlighting the diversity in how...
View articleEY and ACCA have issued joint guidance urging business leaders and policymakers to adopt robust AI assessments to strengthen trust in artificial intel...
View articleThe British Standards Institution (BSI) has published a new international standard aimed at bringing structure, transparency, and trust to the rapidly...
View articleACCA’s Regulatory Board has released its latest annual report, outlining how it maintained oversight of the association’s regulatory arrangements in 2...
View articleThe accountancy profession stands at a crossroads in the evolution of corporate reporting, with technology offering transformative potential—if the se...
View articleIn a bid to future-proof the UK’s capital markets, ICAEW has outlined four principles to evolve the reporting accountant’s role, highlighting the bala...
View articlePCRT bodies clarify standards ahead of 2026 mandate, urging tax professionals to uphold accuracy in quarterly updates. Read More...
View articleThe Financial Reporting Council (FRC) has opened consultation on a proposed UK version of a new global sustainability assurance standard, aiming to gi...
View articleICAEW’s latest monitoring report finds that while most audits remain of acceptable quality, 10% were flagged for significant improvements, highlightin...
View articleThe percentage of companies engaged in sustainability reporting remained unchanged at 98% Read More...
View articleAs lease standards tighten, finance teams relying on spreadsheets face rising risk. Discover how dedicated software brings control, accuracy and compl...
View articleThe Association of Chartered Certified Accountants (ACCA) has called for a more balanced approach to audit regulations for small and medium-sized ente...
View articleEfforts to ease cross-border mobility for auditors between the US and UK have hit a roadblock, with longstanding negotiations over mutual recognition ...
View articleTwo of the world’s leading professional bodies have signed a three-year cooperation deal aimed at strengthening the global response to fraud in busine...
View articleAccountancy bodies urge IPSASB to expand scope of public sector climate reporting Read More...
View articleA consortium of global and European accounting organizations is joining forces to address two major challenges facing the profession: the integration ...
View articleFor over a decade, HMRC’s Real-Time Information (RTI) system has been the backbone of payroll reporting in the UK. Introduced with the promise of impr...
View articleLife is full of surprises – some good, and some not so good. From an accounting point of view, surprises are generally best avoided. This is not...
View articleHere's how you can become the trusted expert on MTD, a vital learning when 30% of businesses submit returns through accountants Read More...
View articleDoubts about the FRC’s efficiency continue to plague the watchdog body Read More...
View articleNew lease accounting standards come into force at the start of next year which will fundamentally change how companies can report off-balance sheet fi...
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