Latest News
Chartered Institute of Taxation calls for delay on VAT reverse charge
The Chartered Institute of Taxation (CIOT) is calling for HMRC to delay the introduction of the VAT reverse charge due to be introduced from 1.... read more
MHA MacIntyre Hudson advises on landmark VAT case
MHA MacIntyre Hudson, represented Frank Smart & Sons Ltd, a family-owned farming company in Aberdeenshire, Scotland, in its successful case against.... read more
Draft Q&As on the IFRS for SMEs
The SME Implementation Group (SMEIG), which assists the International Accounting Standards Board, has published draft questions and answers (Q&As).... read more
IIRC finds evidence that the ‘momentum phase’ is taking off
With the International Integrated Reporting Council’s (IIRC) ‘momentum phase’ getting underway, the French Autorité des Normes Comptables (ANC,.... read more
Microsoft among the first to include extended audit report
Under new rules in the US Microsoft’s auditor, Deloitte, has identified revenue recognition and uncertain tax positions as CAMs (critical audit.... read more
IPSASB publishes biennial review, exposure draft
The International Public Sector Accounting Standards Board (IPSASB) has published its Biennial Review, Delivering for the Future, which summarizes.... read more
UK Energy & Carbon Reporting Taxonomy open for consultation
The Financial Reporting Council has opened a consultation on the draft Streamlined Energy & Carbon Reporting (SECR) Taxonomy. The draft is a.... read more
FRC consultation on proposed revisions to the CASS Standard
The Financial Reporting Council (FRC) has launched a consultation proposing limited revisions to the Client Assets Assurance Standard (CASS), which.... read more
ICAEW consults on proposed updates to Tech 01/06 AAF
ICAEW is seeking comments on proposed updates to its guidance on assurance reports on internal controls of service organisations made available to.... read more
IASB plans amendments to IFRS Standards on accounting policy disclosures
The International Accounting Standards Board (IASB) has published proposed narrow-scope amendments to IAS 1 Presentation of Financial Statements.... read more
Chartered Institute of Management Accountants removes exemption fees
The Chartered Institute of Management Accountants (CIMA) is ending the practice of charging exemption fees for new students, who hold a relevant.... read more
FASB proposes improvements re distinguishing liabilities from equity
The US Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to improve guidance for certain.... read more
IESBA unveils ethics code changes to promote 'mindset'
The International Ethics Standards Board for Accountants (IESBA) is proposing changes to the International Code of Ethics for Professional.... read more
FASB to clear up confusion over accounting standards on financial instruments and equity investment
The US Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) that aims to clarify the interaction.... read more
UK business losses from mandate fraud approach £100m
Businesses are being warned about the dangers of mandate fraud after new figures show that reported losses reached almost £100m in 2018/19. The.... read more
Dr Stavros Thomadakis reappointed as IESBA chair
The International Ethics Standards Board for Accountants (IESBA) has reappointed Dr. Stavros Thomadakis as IESBA Chairman for a further one-year.... read more
EBA publishes roadmap on IFRS 9 deliverables
The European Banking Authority (EBA) has published its IFRS 9 roadmap providing a comprehensive overview of planned monitoring activities on IFRS 9.... read more
FRC calls for large firms to report non-financial conduct
The Financial Reporting Council (FRC) has written to the six largest audit firms setting out its expectations for reporting of non-financial.... read more
Grant Thornton links with Ephesoft on content capture in the US
Grant Thornton LLP has formed an alliance with Ephesoft, Inc., a provider of enterprise content capture and data discovery solutions. Grant.... read more
GRI launch research project on relationship between SDGs and business reporting
The Global Reporting Initiative (GRI) and global power company Enel have launched a joint project to research whether the Sustainable Development.... read more
