The PwC Australia Tax Scandal Explained: An Insider's Perspective
Accounting Standards

The PwC Australia Tax Scandal Explained: An Insider's Perspective

2d Rachael Kennedy

The PwC Australia Tax Scandal Explained: An Inside...

PwC's Australia tax scandal has led to significant changes, including over 300 job cuts and the refusal to share a crucial report with Australian parl...

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Ethical Vigilance in Accounting: Navigating Risks and Upholding Integrity for Global Economic Stability
Accounting Standards

Ethical Vigilance in Accounting: Navigating Risks and Upholding Integrity f...

2w Accountancy Age , Reporters

Ethical Vigilance in Accounting: Navigating Risks ...

Accountants and accounting firms play a crucial role in maintaining financial integrity, facing ethical dilemmas and regulatory challenges. Adherence ...

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IESBA floats stricter ESG reporting standards for review
Accounting Standards

IESBA floats stricter ESG reporting standards for review

2m Accountancy Age , Reporters

IESBA floats stricter ESG reporting standards for ...

The creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...

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FRC urged to reconsider enforcement criteria amidst industry evolution
Accounting Standards

FRC urged to reconsider enforcement criteria amidst industry evolution

3m Accountancy Age , Reporters

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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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...

3m Accountancy Age , Reporters

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

4m Accountancy Age , Reporters

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...

4m 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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Navigating the IASB's Amendments to IFRS Accounting Standards
Accounting Standards

Navigating the IASB's Amendments to IFRS Accounting Standards

4m Accountancy Age , Reporters

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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IOSCO chair: ISSB standards 'fit for purpose'
Accounting Standards

IOSCO chair: ISSB standards 'fit for purpose'

8m 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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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...

1y 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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Exam cheating can become a ‘big issue’ if not appropriately addressed
Accounting Firms

Exam cheating can become a ‘big issue’ if not appropriately addressed

1y Greg Noble

Exam cheating can become a ‘big issue’ if not appr...

The accountancy industry has been hit by several exam cheating cases over the last few years Read More...

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Bolster AML protocols or face suspension, IFA warns
Accounting Standards

Bolster AML protocols or face suspension, IFA warns

2y Sam Alberti

Bolster AML protocols or face suspension, IFA warn...

The IFA has issued the alert following an initial wave of suspensions in December last year Read More...

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IFRS announces global sustainability standards board
Accounting Standards

IFRS announces global sustainability standards board

2y Sam Alberti

IFRS announces global sustainability standards boa...

The initiative will aim to fulfil the urgent demand for standardising corporate sustainability disclosures worldwide Read More...

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Profile: ICAEW president William Brooks
Accounting Standards

Profile: ICAEW president William Brooks

3y Sam Alberti

Profile: ICAEW president William Brooks

Accountancy Age spoke with Brooks, who talked us through future goals and challenges for the ICAEW Read More...

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AAT and ICAEW tussle over calls for compulsory membership
Accounting Standards

AAT and ICAEW tussle over calls for compulsory membership

3y Sam Alberti

AAT and ICAEW tussle over calls for compulsory mem...

“It’s unduly harsh” Read More...

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Audit Q&A: You cannot serve two masters
Accounting Standards

Audit Q&A: You cannot serve two masters

4y Shannon Moyer

Audit Q&A: You cannot serve two masters

We sat down with Remko Renes, an assistant professor of corporate governance at Nyenrode Business University, to discuss the future of audit in the UK...

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Coronavirus puts life insurers under threat due to ‘phantom capital’ exposure
Accounting Standards

Coronavirus puts life insurers under threat due to ‘phantom capital’ exposu...

4y Tom Lemmon

Coronavirus puts life insurers under threat due to...

Corporate defaults caused by the impacts of coronavirus could lead to a collapse of the life insurance market, as matching adjustment leaves many expo...

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Podcast: Inside Accountancy episode 11 - IR35 has instilled a ‘fear culture’
Accounting Standards

Podcast: Inside Accountancy episode 11 - IR35 has instilled a ‘fear culture...

4y Tom Lemmon

Podcast: Inside Accountancy episode 11 - IR35 has ...

In the latest episode of Inside Accountancy, Darren Fell CEO and Founder of Crunch Accounting discusses the government’s proposed changes to IR35 and ...

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Turning IR35 on its head: 5 key takeaways
Accounting Standards

Turning IR35 on its head: 5 key takeaways

4y Tom Lemmon

Turning IR35 on its head: 5 key takeaways

Here are the five key takeaways from our recent webinar, Turning IR35 on its head. If you missed the webinar and want to learn more, click the link at...

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Brydon and the audit gap: Expectations, definitions and fraud
Accounting Standards

Brydon and the audit gap: Expectations, definitions and fraud

4y Chris Jewers

Brydon and the audit gap: Expectations, definition...

Sir Donald Brydon’s report into the quality and effectiveness of audit was published at the end of 2019, and in it, Brydon tackles the issues of the a...

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Immediate action required to meet new AML legislation
Accounting Standards

Immediate action required to meet new AML legislation

4y Chris Jewers

Immediate action required to meet new AML legislat...

Professional services firms need to take immediate action in order to meet requirements of amended AML regulation, that will come into force on the 10...

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Brydon review calls for ‘urgent reform’
Accounting Standards

Brydon review calls for ‘urgent reform’

4y Chris Jewers

Brydon review calls for ‘urgent reform’

The long wait for the Brydon report is over, and in it Sir Donald Brydon makes a series of recommendations including the break-up of the auditing indu...

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FRC revises standards in bid to strengthen audit confidence
Accounting Standards

FRC revises standards in bid to strengthen audit confidence

4y Chris Jewers

FRC revises standards in bid to strengthen audit c...

The FRC has issued revised ethical and auditing standards in an effort to strengthen auditor independence and ban conflicts of interest. Read More...

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IFRS to bring significant changes for lessee accounting
Accounting Standards

IFRS to bring significant changes for lessee accounting

5y Dom Longley , lead consultant for accounting solutions for Smith & Williamson

IFRS to bring significant changes for lessee accou...

IFRS 16 is fully effective for accounting periods beginning on or after 1 January 2019 and brings about significant changes for lessee accounting - by...

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FRC audit inspection finds no improvement on last year
Accounting Firms

FRC audit inspection finds no improvement on last year

5y Chris Jewers

FRC audit inspection finds no improvement on last ...

75% of FTSE 350 audits assessed as good or requiring limited improvements, failing to meet the FRC's 90% target Read More...

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Sustainable cost accounting - The reality of the climate crisis requires nothing less
Accounting Standards

Sustainable cost accounting - The reality of the climate crisis requires no...

5y Richard Murphy

Sustainable cost accounting - The reality of the c...

Professor Richard Murphy argues that IFRS accounting is inappropriate in the era when we are tackling the climate crisis and must be replaced Read Mor...

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Feedback led to change in FRS102 on Director’s Loans
Accounting Standards

Feedback led to change in FRS102 on Director’s Loans

5y Tom Lemmon

Feedback led to change in FRS102 on Director’s Loa...

Comments and push-back from accountants led to the change in FRS102 which gives an exemption on director’s loans, according to Steve Collings. Read Mo...

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