In this Insights In Focus episode, we explore the contents and implications of the Economic Crime and Corporate Transparency Act 2023.
After a challenging route through Parliament, the Act finally received Royal Assent in late October. It promises sweeping changes to Companies House and reporting requirements for SMEs. Crucially, it also covers where accountability will lie for economic crime. Many of the details are yet to be ironed out, but it’s clear that accountants will take on much of the responsibility for delivering these changes.
Host Philippa Lamb discusses what accountants need to know with Mike Miller, ICAEW Economic Crime Manager; Alun Milford, Partner at Kingsley Napley and former General Counsel at the Serious Fraud Office; and Alice Bessell, Finance Director at Brown & Bright.
You can read the full transcript of this episode here.
Episode first published: 4 December 2023
Podcast recorded: 29 November 2023
All views expressed on this podcast are those of the contributors and don’t necessarily reflect those of ICAEW or its members.