All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Businesses in UK consult ChatGPT for advice: Ravical
The report suggested a change in how clients interact with accountancy services, increasingly turning to AI for initial guidance.
ForrestBrown MD discusses HMRC R&D tax credit statistics
Recent figures indicated a slight downturn in the amount of R&D tax relief claimed in the UK for the tax year 2023 to 2024.
EFRAG updates VSME template with new languages
The update introduces Spanish, Polish, Lithuanian, and Portuguese options, enabling users to generate Inline XBRL reports.
FRC opens consultation on audit enforcement
The council proposed three new methods, expanding its toolkit to five pathways for audit standards breaches.
ACCA supports EU move to minimise regulatory impact on SMEs
The association has identified the nurturing of the SME sector as a critical priority for the European Union.
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FASB seeks input on PIK dividend guidance
According to the proposal, paid-in-kind dividends should be measured based on the rate stated in the preferred stock agreement.
FASB updates derivative accounting standards
The update refines derivative scope and clarifies share-based noncash consideration in revenue contracts.
ICAEW raises concerns over UK’s BPR and APR reforms
Under the revised plans, an estate that qualifies for 100% BPR or APR will be entitled to a new £1m allowance.
ACCA collaborates with UK Skills Minister
The discussions centred on how professional bodies can support the implementation of the UK government’s Industrial Strategy.
IFRS Foundation announces ISSB membership updates
Key changes include the reappointment of Sue Lloyd as vice-chair for a second term, alongside the reappointment of two other board members.