ICAEW proposes major £2 million minimum for Professional Indemnity Insurance
Accounting Standards

ICAEW proposes major £2 million minimum for Professional Indemnity Insuranc...

5d Accountancy A

ICAEW proposes major £2 million minimum for Profes...

The ICAEW cited managing insurance costs, firms struggling to obtain coverage, assessing risk-taking capacity, and evolved firm structures as drivers ...

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The role of forensic accountants in international arbitration
Corporate Finance

The role of forensic accountants in international arbitration

6d James Nicholson, Yaoguo Lun and Zhang Zhang

The role of forensic accountants in international ...

We all understand the role of lawyers in an arbitration, to argue over points of liability and who was at fault. But most commercial cases are brought...

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IESBA to set new ethics and independence standards for sustainability reporting by 2024
Accounting Standards

IESBA to set new ethics and independence standards for sustainability repor...

1w Rachael Kennedy

IESBA to set new ethics and independence standards...

The IESBA emphasizes the importance of timely and global adoption of their standards. For corporate accountants, this means staying updated with chang...

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KPMG's Dutch subsidiary hit with record £20 million fine for exam cheating
Accounting Standards

KPMG's Dutch subsidiary hit with record £20 million fine for exam cheating

2w Rachael Kennedy

KPMG's Dutch subsidiary hit with record £20 millio...

KPMG's faces record fine for a widespread exam cheating scandal, implicating senior staff and highlighting systemic ethical issues in the professional...

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FRC fines Grant Thornton £40,000 for pension fund audit
Grant Thornton

FRC fines Grant Thornton £40,000 for pension fund audit

2w Accountancy Age

FRC fines Grant Thornton £40,000 for pension fund ...

The FRC's Enforcement Committee identified significant departures from expected auditing standards, including uncorrected material errors in financial...

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Industry Insight: Top fraud and bribery risks for pharmaceutical and life sciences
Business Regulation

Industry Insight: Top fraud and bribery risks for pharmaceutical and life s...

4w Nigel Layton

Industry Insight: Top fraud and bribery risks for ...

From battling underground invoice frauds in China to navigating bribery risks in the Middle East, Mazars' Nigel Layton shares essential insights on co...

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

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

4w 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...

1m Accountancy Age

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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New cloud architecture from Sovos' could cut tax and compliance burden
Cloud

New cloud architecture from Sovos' could cut tax and compliance burden

2m Accountancy Age

New cloud architecture from Sovos' could cut tax a...

What if tax and compliance reporting were all in the same place? Read More...

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Tech leaders debate AI skills shortage in Parliament
Business

Tech leaders debate AI skills shortage in Parliament

2m Rachael King

Tech leaders debate AI skills shortage in Parliame...

Technology industry leaders are pressing the government for substantial investment to prepare the next generation with essential digital and AI skills...

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HM Treasury adds uncertainty on AML reform
HMRC

HM Treasury adds uncertainty on AML reform

2m Accountancy Age

HM Treasury adds uncertainty on AML reform

HM Treasury’s response to questions posed by the Association of Accounting Technicians (AAT) regarding proposed reforms to anti-money laundering...

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EY's resignation as Asda's auditor highlights importance of personal compliance
Audit

EY's resignation as Asda's auditor highlights importance of personal compli...

3m Accountancy Age

EY's resignation as Asda's auditor highlights impo...

On January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...

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IESBA floats stricter ESG reporting standards for review
Accounting Standards

IESBA floats stricter ESG reporting standards for review

3m Accountancy Age

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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HMRC to mandate payrolling of benefits from April 2026: Implications and preparations for accountants
Business

HMRC to mandate payrolling of benefits from April 2026: Implications and pr...

3m Accountancy Age

HMRC to mandate payrolling of benefits from April ...

This regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...

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Devils in the details: Rectifying accounting errors
Legal

Devils in the details: Rectifying accounting errors

3m Accountancy Age

Devils in the details: Rectifying accounting error...

Accounting errors can distort financial statements and mislead stakeholders, as seen in the recent ADM case. This article guides you through identifyi...

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Will 2024 be the year the IPO market rebounds following a year of challenge and change?
Business

Will 2024 be the year the IPO market rebounds following a year of challenge...

3m Accountancy Age

Will 2024 be the year the IPO market rebounds foll...

There is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...

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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...

3m 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

3m 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

4m 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

4m 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?

4m 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

4m 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?

4m 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...

4m 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

5m 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...

5m 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...

5m 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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