ISQM 1: the benefits for smaller firms
All firms – not just larger ones – need to have a quality management system in place by the end of the year. But it doesn’t have to be a burden, and it can deliver lasting benefits.
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Don't miss out on our daily summary of what's happening in the world of accountancy. If you are a member you can change your contact preferences so it is delivered daily to your mailbox.All firms – not just larger ones – need to have a quality management system in place by the end of the year. But it doesn’t have to be a burden, and it can deliver lasting benefits.
A look at the main areas of change in the new CCAB anti-money laundering guidance, which replaces the draft published in September 2020.
The event, organised in collaboration with ICAEW, brings together entrepreneurs, investors and advisers to look at what is needed to capitalise on the levelling-up opportunity.
Carbon tracking software could be the key to reducing the carbon footprint of smaller businesses, currently responsible for half of business-driven emissions in the UK.
Guidance clarifies when subsequent claims might be accepted following a First-tier Tribunal decision.
How cases will be allocated before the First-tier Tribunal is changing from 1 June 2022. ICAEW’s Tax Faculty explains the changes.
HMRC places certain research and development claims on pause while it investigates irregularities in a bid to mitigate abuse of the relief.
The new standard will provide greater clarity and comparability in the UK insurance market, which is one of the largest in the world.
HMRC confirms to ICAEW that the start date will be a year later than originally planned.
The Public Accounts Committee says there was insufficient effort to prevent fraud and error in the distribution of business support grants and loans, adding ‘billions and billions to taxpayer woes’
HMRC is advising individuals not to share sign in credentials, even with their agent, and is asking agents not to ask for these details.
Tax Faculty recommends restricting or removing fiscal incentives to arbitrage employment status.
Banking giant is the latest to sign up to the UK government’s initiative to improve access to finance for SMEs.
As the UK signs new Free Trade agreements, ICAEW’s Exporting Community explores the opportunities for businesses to expand into international markets.
ISQM 1 is raising the bar for quality management standards, but which approaches should audit firms and their staff take to boost the skills needed for this new era?