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Viewpoints on the news

Opinions and news analysis, covering the worlds of business and accountancy.

PRA: no dividends and no bonuses in 2020

1 April 2020: the Prudential Regulation Authority has confirmed that the seven largest UK banks will suspend dividends and not pay cash bonuses to senior staff

ICAEW launches Working Capital Checklist

1 April 2020: a step-by-step guide that businesses can use to optimise working capital in these difficult times, looking at cash inflows, outflows, support available and business planning.

ICAEW launches Working Capital Checklist

1 April 2020: a step-by-step guide that businesses can use to optimise working capital in these difficult times, looking at cash inflows, outflows, support available and business planning.

COVID-19: implications for AGMs

1 April 2020: while AGMs are vital for companies, during the current climate the health of directors and shareholders must take priority

The Coronavirus Job Retention Scheme: furlough guidance

30 March 2020: the following is our understanding of this policy and how this will work based on the information published up to and including 26 March. It should not be relied on for advice at this stage but is intended to give an indication of how the scheme will work.

Coronavirus: keep the information flowing to markets

30 March 2020: for listed companies, keeping the market up to date with information is as important as ever, notwithstanding that they have been given an extra time to publish their audited financial statements, writes ICAEW’s Katerina Joannou.

FRC issues COVID-19 guidance

30 March 2020: the Financial Reporting Council has published guidance for companies preparing financial statements and a bulletin for auditors covering factors to be taken into account when carrying out audits during the current COVID-19 crisis.

Relevant accounts for section 179 valuations due by 31 March 2020

30 March 2020: for the pension trustees preparing relevant accounts for section 179 valuations due on 31 March 2020 and their auditors, the COVID-19 outbreak presents some significant challenges. ICAS Pensions Panel and ICAEW Pensions Sub-Committee have worked together to prepare the following article to assist both trustees and auditors to meet their responsibilities.

Relevant accounts for section 179 valuations due by 31 March 2020

30 March 2020: for the pension trustees preparing relevant accounts for section 179 valuations due on 31 March 2020 and their auditors, the COVID-19 outbreak presents some significant challenges. ICAS Pensions Panel and ICAEW Pensions Sub-Committee have worked together to prepare the following article to assist both trustees and auditors to meet their responsibilities.

IFS: deficit to triple as budget contingency increases

30 March 2020: the Institute for Fiscal Studies (IFS) has suggested that the budgeted fiscal deficit for the financial year starting 1 April 2020 of £55bn could more than triple to £177bn due to the coronavirus pandemic.

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