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Displaying 1-10 of 52 results
Public sector debt exceeds annual forecast in eight months
- Article
- 23 Dec 2022
Higher interest costs and energy support packages push public finances further into the red as the £105bn deficit heads towards revised forecast for the year of £177bn.
ChatGPT: opportunity and risk for the profession
- Article
- 16 Dec 2022
OpenAI’s ChatGPT can answer questions to an impressive level of detail, but it needs work to address some significant issues before it could prove useful in audit and accountancy.
FRC seeks views on periodic review of UK GAAP
- Article
- 15 Dec 2022
The Financial Reporting Council (FRC) has published draft amendments to UK GAAP standards for comment. The consultation is open until the end of April 2023.
New ban on provision of auditing services to Russia
- Article
- 15 Dec 2022
The government has extended regulations to prohibit the provision of auditing services to Russia, which comes into force on 16 December 2022.
The trouble with auditing crypto firms
- Article
- 15 Dec 2022
Crypto firms are complex entities – with governance and oversight lacking, and accounting guidance and regulation limited, it can be a challenge for audit and assurance.
UK interest rates rise to 14-year high
- Article
- 15 Dec 2022
Bank of England hikes interest rates to their highest level since 2008 in an attempt to deal with soaring inflation amid the cost-of-living crisis.
Public audit a “crucial part of our democracy”
- Article
- 15 Dec 2022
The Comptroller and Auditor General and the Chair of the Public Accounts Committee deliver keynote speeches at ICAEW Public Sector Conference 2022, emphasising the important roles of culture and audit in ensuring good governance.
ICAEW pays tribute to Lord Young
- Article
- 15 Dec 2022
The architect of the Seed Enterprise Investment Scheme (SEIS) and Start Up Loans Scheme, which have been instrumental in providing funding to thousands of fledgling businesses, has died aged 90.
Chart of the week: Christmas 2022
- Article
- 15 Dec 2022
Our final chart of 2022 shows how spending on Christmas is expected to fall significantly this year as the cost-of-living crisis takes its toll on family finances.
What is the real impact of the Edinburgh Reforms?
- Article
- 15 Dec 2022
On 9 December, the Chancellor announced the Edinburgh Reforms, “to help turbocharge growth and deliver a smarter and home-grown regulatory framework for the UK – that is both agile and proportionate”, according to the Government's website.
Displaying 1-10 of 52 results