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UK and Australia audit authorities announce agreement to boost UK audit market
The UK’s Financial Reporting Council (FRC) and the Australian Securities and Investment Commission (ASIC) have announced a memorandum of understanding…
AFRC issues its first report on the analysis of the PIE audit market in Hong Kong
The Accounting and Financial Reporting Council (AFRC) has published its first “Report on the Analysis of the Public Interest Entity Audit…
ICAEW pushes for charity audit threshold consultation
ICAEW has urged the UK government to push forward on a proposed consultation that could see the audit thresholds for…
Speakers announced for Accountex London 2024
Accountex London is returning in the Spring, on 15-16 May 2024. London’s ExCeL is expected to welcome over ten thousand…
ACCA survey: Audit profession 'at a crossroad in the fight for talent'
A survey conducted by accountancy bodies ACCA and Chartered Accountants Australia and New Zealand (CA ANZ), supported by a series…
Study: Clients increasingly turn to advisers because of HMRC helpline delays
HMRC helpline delays are driving more clients to seek help from financial advisers with their tax planning, new research from…
AFRC welcomes the Government’s support for a funding injection
The Accounting and Financial Reporting Council (AFRC) has announced that it ‘welcomes’ the government’s proposal for its non-recurrent commitment of…
Deloitte: Business leaders confident that dealmaking will rebound throughout 2024
More business leaders are prioritising sales of parts of their portfolio this year, indicating that the dealmaking market is likely…
Turning point on the horizon for UK economy as services and manufacturing outlook improves
UK business output and confidence grew in February as hiring intentions continued to decline to a new decade low, according…
UK’s FRC 2024-25 plan and budget published
The UK’s Financial Reporting Council (FRC) has published its plan and budget for 2024-25 which outlines its priorities to support…
Profession reacts to apprenticeship reforms announced by the UK Government
In his first economic speech since the Spring Budget, UK prime minister Rishi Sunak set out a major package of…
KPMG: UK economy emerging from the doldrums
Although economic activity has picked up since the start of the year, the outlook remains weak by historical standards. GDP…
Regulatory pressure intensifies around governance and financial resilience for financial services firms
KPMG UK has launched the fourth edition of its Financial Services Regulatory Barometer, providing a biannual measure of the regulatory…
PCAOB sanctions three partners of KPMG China for violations of audit standards
The Public Company Accounting Oversight Board (PCAOB) has announced a settled disciplinary order sanctioning Choi Chung Chuen, Ma Hong Chao, and…
FRC welcomes the UK government’s plans to legislate following Non-Financial Reporting Review
The Financial Reporting Council (FRC) has welcomed the culmination of first phase of the government’s review of non-financial reporting requirements for…
HMRC announces U-turn on the closure of its self-assessment phone line
The UK’s HMRC has announced that it is reversing its plans to close self-assessment helpline services for six months a…
Nurturing the next generation of talent in accounting and finance
In common with other professions and business functions, accounting and finance is facing a demographic challenge that is becoming more acute.
UK’s FRC launces market study on sustainability assurance
The UK’s Financial Reporting Council (FRC) has launched a market study to examine the UK market for sustainability assurance services.…
Two thirds of accountants say 'poor HMRC services' are hurting small businesses
Following the Chancellor’s Spring Budget on the 6th March, ACCA surveyed its members for their insight on the budget and…
Increased support for Apprenticeships a boost for co-delivery, but falls short of addressing skills crisis
Prime Minister Rishi Sunak’s announcement on reforms to the Apprenticeship Levy is a positive signal of continued support for a…
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