All articles by Vidhya Edwards Munnangi

Vidhya Edwards Munnangi

UK Insolvency Service taskforce “not a quick fix”: UHY Hacker Young 

The government will allocate £25m to the Insolvency Service to allow disqualification of company directors found to be abusing the system.  

ICAEW supports new UK VAT relief for business charity donations 

The proposed measure eliminates the output VAT charge on goods donated to registered charities. 

AICPA comments to MTC on sourcing rules for partnership income 

The letter addresses issues regarding the latest draft of the MTC’s white paper on state tax sourcing of partnership income.  

CA ANZ introduces free sustainability playbook 

The sustainability playbook for chartered accountants aims to embed sustainability as a core competency within the accounting profession. 

FASB expands hedge accounting scope across five areas 

The update allows companies to apply hedge accounting in scenarios involving “highly effective” economic hedges. 

iwoca SME index shows rising concerns over UK government policy 

The survey revealed that 66% of those surveyed predict the Budget will worsen conditions for SMEs, while just 10% expect improvements. 

IAASB publishes new ISSA 5000 reports

This new set aims to help those conducting sustainability assurance engagements by demonstrating practical ways to apply ISSA 5000. 

ACCA and CA ANZ extend alliance for five more years 

The renewal is aimed at developing member resources and responding to changes affecting the global accountancy profession. 

IFRS Foundation initiates search for new managing director   

Oversight of the recruitment process is being handled by the Trustees’ Nominating Committee, led by chair Ken Robinson. 

FASB says costs of leases standard were higher than anticipated 

The report points out that many organisations faced implementation costs beyond original estimates.