Accountants battle rising pressure to act unethically

More than one in four professional accountants say they have been put under pressure or felt under pressure to act in an unethical way over the past three years, new research has found.

Insolvency monitoring visits a year in review

A recent ICAEW Restructuring and Insolvency Roadshow looked at the welcome return of face-to-face monitoring and discussed some of the key compliance topics insolvency practitioners (IPs) need to keep an eye on.

Rebuilding trust: the role of accountants in shaping the future

At a recent CAW and Edelman event, accountancy leaders laid out the steps the profession needs to take to keep building trust, and how it can play a critical role in addressing the big issues of the future.

Annual accounts filing: Companies House pushes for digital delivery

With the peak filing month of September drawing to a close, Companies House says more streamlined ways to file digitally have helped boost the proportion of annual accounts filed electronically.

How can you be an effective director in the time of COVID-19

View the accompanying slides to How can you be an effective director in the time of COVID-19 webinar, recorded on 17 April 2020.

ICAEW RLS Regulatory Plan 2021/2022

The Reserved Legal Services Business Plan for 2021-22.

Women on boards - how do we reach equality?

The pandemic has pushed back gender parity across the UK FTSE 350 to 2036, with women holding just 22% of all executive committee roles. Just 15 of the top companies have female chief executives. While we’ve made some progress in recent years, what needs to change to reach true equality? ICAEW's Susanna Di Feliciantonio and Jane Berney discuss the issue with a panel of experts.

Private companies s172(1) statements and dividends

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A structured approach to assist private companies in preparing their s172(1) statement and highlighting ICAEW's guide on paying dividends.

Narrative reporting (part 3) - s172 and beyond

View the accompanying slides to Narrative reporting (part 3) - s172 and beyond webinar, recorded on 22 October 2020.

Technical news in brief February 2021

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ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics. Please note Only Audit and Assurance Faculty members and Faculties Online subscribers have access to these technical updates.

Audit_and_Beyond_June2021

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Download the magazine from the Audit & Assurance Faculty.

Corporate Governance Briefing May 2021

Updates on UK, US, EU and other international developments. This paper provides an update on publications since the last Corporate Governance Committee meeting.

Howden partners with ICAEW to inspire healthy business culture and support employee wellbeing among its members

Monday 12 April 2021: Howden Employee Benefits & Wellbeing (Howden) is partnering with ICAEW who represent 180,000 chartered accountants and students worldwide.

Topics and tips for 2021 audits

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Peter Herbert gives tips for auditors on handling revisions to international auditing standards (ISAs) on going concern and accounting estimates, new ethical standard requirements on long association, new advice on reporting on irregularities and, of course, the effects of COVID-19.

ICAEW technical round-up: March 2021

This month’s top technical stories on ICAEW Insights include updates on the government’s corporate governance reforms, Budget and Tax Day announcements and further news on COVID support schemes.

Audit quality – how to raise the bar

What steps can and should audit committees, audit regulators, investors and auditors in the UK take to improve audit quality? This essay from the Audit and Assurance Faculty examines audit quality in terms of ownership, behavioural aspects, and structural drivers.

Assessing the impact of COVID-19 on business strategy for company boards

How do you assess the full impact of COVID on your business? ICAEW’s six questions for company boards suggest what you should consider. Make sure you’re prepared for 2020 and 2021 year-end reporting.

Auditing standard changes and the impact on the sport, media and entertainment industry

In this webinar speakers Tom Wilson and Tom Stock from HaysmacIntyre LLP discuss going concern and Covid-19 - what we have learnt, good practices we have seen, and reverse stress testing. They also cover accounting estimates providing an introduction to the new standard, directors and auditors responsibilities, and examples from the sector. Finally, they look at ISA 700.

Uncertain times

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Outlining key findings from the Financial Reporting Lab's reports on reporting in times of uncertainty and s172 disclosures.

Why post-pandemic we all need to build back with purpose

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Jane Portas reflects on key issues to remember as we recover from the pandemic.

Company Guidance (Updated 4 December 2020) (COVID-19)

Consolidated guidance issued by the FRC for companies on corporate governance and reporting. The document covers management information, risk management and internal controls systems, dividends and capital maintenance, corporate reporting, the strategic report, viability statement, and financial statements. It supersedes previous guidance.

Resources, action, the future: COVID-19 and reporting in times of uncertainty – a look forward

Updated report produced by the FRC's Financial Reporting Lab which explores current disclosure practices and how corporate reporting is developing, with practical examples from actual reports and presentations released by companies since June 2020.

Going concern, risk and viability: COVID-19 and reporting in times of uncertainty – a look forward

Updated report produced by the FRC's Financial Reporting Lab which highlights three key areas of disclosure and updates on recent developments in corporate reporting, with practical examples from actual reports and presentations released by companies since June 2020.

Summary of Covid-19 Financial Reporting Considerations

Overview produced by IFAC highlighting key financial reporting challenges and implications from COVID-19 with analysis and links to further resources. The summary covers going concern, events after the reporting period, fair value measurement and impairment of non-financial assets, expected credit losses, lease accounting, hedge accounting, deferred tax assets, revenue recognition, and interim financial reporting.

Disincorporation and downsizing: Get the details right

In this AccountingWEB article, Mark McLaughlin examines key considerations for company owners when disincorporating their business due to the impact of COVID-19. It looks at options for dispensing with the company and tax issues around transfer of closing trading stock, capital allowances, VAT, capital gains on transfer of chargeable assets, SDLT, and intangible fixed assets. Part 2 of the article continues with discussion of distributions on winding up, the targeted anti-avoidance rule (TAAR), tax avoidance motives, transactions in securities, and IHT.

Modern slavery reporting during the coronavirus (COVID-19) pandemic

Guidance issued by the Home Office announcing that businesses which need to delay the publication of their modern slavery statement by up to six months due to coronavirus-related pressures will not be penalised. It also highlights specific issues to consider in addressing modern slavery risks during the pandemic.

Good practice for virtual board and committee meetings

Guidance note issued by ICSA on the use of virtual meetings, which aims to help companies struggling with the impact of COVID-19. The document discusses how to choose the right technology and communication channel (including a comparison of virtual meeting providers), how to organise and structure virtual meetings, suggested ground rules for participants, alternatives to meetings, and notes for the Chair, the Company Secretary and presenters.

AGMs and impact of COVID-19

Updated guidance issued by ICSA offering advice for UK listed companies on how to ensure that AGMs are quorate, who should chair meetings, which directors will be allowed or expected to attend the general meeting and where to hold the meeting in the event of the planned venue being unavailable or otherwise inaccessible.

Statement of Policy: Delaying annual company accounts during the coronavirus crisis

The Financial Conduct Authority (FCA) has announced a temporary relief which will permit listed companies that need extra time to complete their audited financial statements an additional two months to publish them. It also confirms that the voluntary moratorium on publication of preliminary statements of account (prelims) can end on 5 April 2020.