23 December 2020: Clarity emerges concerning the re-rating of national insurance contributions as ministerial statement confirms that September's consumer price index will be used as the basis for limits and thresholds for 2021/22.
18 December 2020: Plans for a simplified auditing standard for less complex entities moved a step closer this week
17 December 2020: Understanding Brexit risk factors is now particularly important given the additional risk of COVID. Entities and auditors will need to analyse and understand the combined impact of these two events.
16 December 2020: Network Rail had to prepare its 2019/20 accounts as the UK first went into lockdown. Its group chief accountant explains what it taught the team.
16 December 2020: HMRC confirms that employer-reimbursed coronavirus antigen tests are exempt from income tax and NICs.
Help from ICAEW to assess the impact of COVID-19 and Brexit on businesses and the implications for 2020/21 financial reporting.
15 December 2020: Report highlights ongoing trends across Europe and the volatility of certain industries when faced with outside events.
15 December 2020: ICAEW’s Financial Reporting Faculty’s short guide looks at the main areas of focus.
16 December 2020: The latest guide from ICAEW’s Audit and Assurance Faculty reminds auditors what to consider when determining audit materiality.
14 December 2020: Auditors are facing a perfect storm of standards and uncertainty this reporting season, from remote auditing to going concern.