Sole directors and the Coronavirus Job Retention Scheme

1 April 2020: ICAEW’s Nila Khan tackles some of the most frequently asked questions about how the government’s furlough scheme applies to owner-managed limited companies.

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

COVID-19: new charities SORP guidance issued

1 April 2020: the disruption caused by coronavirus has led the Charities SORP-making body to issue a new set of guidelines

Deloitte: “extraordinary” measures but many questions

1 April 2020: Deloitte’s third weekly COVID-19 webinar focussed on the ongoing economic impact of coronavirus, and what effect emergency measures were having to mitigate this.

Coronavirus: considerations for the audit of inventory

31 March 2020: the spread of coronavirus and restrictions on movement are affecting year-end inventory counts, which has implications for auditors

Coronavirus underlines importance of government balance sheet management

1 April 2020: as a nation, we are likely to feel the consequences of the Government’s emergency COVID-19 interventions in years to come, so we owe it to future generations to maintain a grip on these liabilities.

ECB: Banks should suspend dividends until October

1 April 2020: the European Central Bank (ECB) has asked banks in Europe to suspend dividends and share buybacks until October.

What challenges are insurers seeing from COVID-19?

31 March 2020: Vincent Huck, editor of Insurance Asset Risk, takes a look at the challenges that insurers will face from the coronavirus effect on markets.

Government watchdog sounds COVID-19 fraud risk alarm

31 March 2020: The Government Counter Fraud Function has published new guidance for public bodies about fraud arising from the actions taken to address the coronavirus emergency.

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.

Working with regions to combat the coronavirus

30 March 2020: Rosalia Wood, Regional Industrial Strategy Manager appeals for ICAEW members’ help in providing regional anecdotes for our work with local business policymakers.

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.

IFRS 9: helping banks support households and businesses

30 March 2020: ICAEW’s Philippa Kelly outlines the PRA’s measures to ensure IFRS 9 Financial Instruments effectively reflects the nature of lending related to COVID-19.