Calling all accountants: it’s time to act on climate change

ICAEW and other accountancy bodies have signed a pledge calling on accountants across the world to use their skills and status in the fight against climate change.

Mortgage references: why accountants should stick to the facts

ICAEW has updated its guidance on providing mortgage references.

Bring the broadband: can better connectivity level up Britain’s economy?

The government’s pledge to ensure every UK household and business has access to gigabit-capable broadband is ambitious, but could play a large part in its goal to “level up” the economy.

Audit reform: getting five out of three

ICAEW CEO Michael Izza shares five goals for audit reform

Little change for financial reporting following Brexit for now

24 February 2020: On 31 January 2020 the UK left the EU. Or did it? From a financial reporting perspective, very little has changed.

Government brings back minimum wage name-and-shame laws

The government is set to relaunch its naming and shaming regime of employers who fail to pay their staff the national minimum wage (NMW) or national living wage.

5MLD proposal: new rules to extend TRS

HM Treasury has published its consultation on the extension of the Trust Registration Service (TRS) as required under the Fifth Money Laundering Directive (5MLD).

NAO sounds alarm on local authority commercial property investments

19 February 2020: The National Audit Office (NAO) last week reported on a 1,340% increase in local authority spending on commercial authority acquisitions

Presentation of financial statements – a new IFRS on the horizon

19 February 2020: in December 2019, the IASB issued extensive proposals which aim to improve how information is communicated in the financial statements, with a particular focus on the statement of profit or loss, writes Sarah Dunn, Technical Manager in ICAEW's Financial Reporting Faculty.

Brydon calls for the audit bar to be raised

18 February 2020: Sir Donald Brydon has used a speech at ICAEW headquarters to call for the role of auditors to be significantly elevated