A third of UK audits need improvement
According to the UK’s Financial Reporting Council ‘s (FRC) annual audit quality inspection results 2020/21, nearly one third (29%) of audits inspected by the regulator still require improvement. The annual…
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Coding and the accountancy profession
Digital adoption is on the rise, and accountants are increasingly being asked to leverage digital…
IFRS Sustainability Standards proposal supported by AICPA & CIMA
The Association of International Certified Professional Accountants (the Association), representing AICPA & CIMA, expressed support for the IFRS Foundation’s proposed…
Fines against finance directors drop sharply
The number of fines issued to finance directors of large businesses by HMRC has dropped sharply from 148 to just…
FRC: Diverse boards improve performance
The UK’s Financial Reporting Council’s (FRC) highlights how diverse boards improve performance and company culture in its latest research Board…
IRBA opens consultation on Enhancing Disclosures in Audit Reports
South Africa’s Independent Regulatory Board for Auditors (IRBA) has published a consultation paper Enhancing Disclosures in the Auditor’s Reports in…
Pass rates announced for ACCA’s June exam sittings
Despite the continued disruption caused by the Covid-19 pandemic, most Association of Chartered Certified Accountants (ACCA) June exam sittings were completed worldwide. The result saw over 103,00 students around the…
HMRC investigations in ‘full swing’ following Covid-19 disruption
HMRC’s investigations into taxpayers suspected of tax evasion and avoidance appear to be in ‘full swing’ again, following disruption caused by the pandemic, according to UHY Hacker Young. Data published…
Challenger firms increase their share of FTSE 250 clients
UK challenger firms have increased their share of FTSE 250 audits, up from 4.8% to 7.6%, according to data from the UK’s Financial Reporting Council (FRC). While these firms made…
Nominations open for The Digital Accountancy Forum and Awards 2021
The Digital Accountancy Forum and Awards 2021 (incorporating The Accountant & International Accounting Bulletin Awards) will be announced in London on 4th November 2021. The nominations are now open and…
Why double-materiality is crucial for reporting organisational impacts
A white paper commissioned by GRI investigates the application of materiality in sustainability reporting – highlighting why disclosing impacts that go beyond those that are financially material benefits organisations…
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