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Displaying 1-50 of 62 results
Assurance reports and ISQC 1/ISQM 1 transition
- Article
- 28 Oct 2022
With the 15 December deadline approaching, the transition from ISQC 1 to ISQM 1 raises a question in relation to assurance engagements and which standard to refer to in an assurance report prepared under ISAE 3000.
Why there’s always time for a volunteering role
- Article
- 31 May 2022
From a regular weekly commitment to an ad hoc arrangement, there’s a volunteering opportunity for you that’s compatible with your work and lifestyle.
ARGA to act as system leader for local audit
- Article
- 31 May 2022
The government has finally published its response to last summer’s consultation on the local audit framework for councils and other local bodies.
Chart of the week: Public finances by region 2020/21
- Article
- 31 May 2022
Our chart this week highlights how every single region and nation in the UK was in deficit in the first fiscal year of the pandemic.
Finance for the Future: past winners’ stories
- Article
- 31 May 2022
As the deadline for entries to Finance for the Future 2022 approaches, previous winners offer examples of the direction of travel for finance and accountancy.
‘Half-hearted’ audit reform plans announced
- Article
- 31 May 2022
The government has outlined its corporate governance and audit reforms, including the formation of ARGA, a redefinition of PIE and the need for ‘challenger firms’.
Quality Management guide targets resources from service providers
- Article
- 30 May 2022
A new Quality Management guide from ICAEW has service providers in its sights as the countdown to the introduction of ISQM 1 begins in earnest.
ICAEW regulatory round-up: May 2022
- Article
- 30 May 2022
In this month’s update, the new CCAB guidance is highlighted and there’s information on the new AML telephone monitoring reviews as well as an invitation to the Restructuring & Insolvency conference.
ICAEW technical round-up: May 2022
- Article
- 30 May 2022
This month’s top technical stories include some R&D tax credits suspended by HMRC, why IR35 is fundamentally problematic and the tax and NIC treatment for displaced Ukraine employees relocating to the UK.
Quality management standards: a tailored approach
- Article
- 30 May 2022
Incoming ICAEW President Julia Penny welcomes the shift away from a one-size-fits-all approach to audit quality promised by the new quality management standards.
Carrots as well as sticks for greener SMEs
- Article
- 27 May 2022
IoD says government should set specific goals for SMEs to cut carbon emissions because company directors feel unsupported.
Pandemic creates entrepreneurial boom
- Article
- 27 May 2022
The COVID-19 crisis saw a sharp rise in company creation, in contrast to nearly every recession over the past 100 years.
Government U-turns on energy windfall tax
- Article
- 26 May 2022
Chancellor announces an emergency support package to help the poorest households pay spiralling energy bills, plus a windfall tax to help fund measures.
Chart of the week: Inflation around the world
- Article
- 26 May 2022
This week we look at how inflation is racing upwards across the world, with the UK reporting in April one of the highest rates of increase among developed countries.
10 tips to protect your organisation’s financial health
- Article
- 26 May 2022
As multiple pain points impinge upon the business community, what steps should CFOs take to safeguard their firms from current challenges?
Business confidence damaged by rising inflation, says ICAEW
- Article
- 26 May 2022
Concerns on the tightening of the economy and rising inflation cause business confidence in the UK to fall for the third quarter in a row, ICAEW survey finds.
Quality management: a chance to raise the bar
- Article
- 25 May 2022
The Financial Reporting Council says the new quality management standards should be approached with a commitment to modernise and tailor policies and procedures.
CIPFA backs independent local authority audit committee members
- Article
- 25 May 2022
New guidance issued by CIPFA recommends that local authority and police audit committees include at least two independent members.
Revisions benefit Chancellor amid cost-of-living crisis
- Article
- 24 May 2022
A £7bn downward revision in the deficit for the year to March 2022 is seen as helpful to the government in the context of a likely windfall tax on energy companies.
Corporate culture: why change must come from within
- Article
- 24 May 2022
Restoring trust in business hinges on good corporate culture, but it’s a false belief that cultures can fixed by expert and specialist team-led initiatives, says Andrew Cocks.
ICAEW’s rare book collection: celebrating the Melekh manuscript
- Article
- 23 May 2022
May marks the 50th anniversary of the rebinding of one of ICAEW’s rarest books, dating back to 1494, part of the rare book collection looked after by ICAEW’s Library and Information Service.
Why quality management is more than just compliance
- Article
- 23 May 2022
With ISQM 1’s deadline on the horizon, firms are starting to think about how to comply. But it can be more than a compliance exercise.
Walk to COP27: accountants welcome
- Article
- 20 May 2022
An awareness-raising walk (or run, cycle or wheelchair) from Glasgow to Sharm el-Sheikh is seeking a wide variety of participants from all sectors of the community, and that includes accountants.
Digital monitoring: big brother or productivity boost?
- Article
- 20 May 2022
The rise and rise of digital monitoring is raising eyebrows, so should you turn to technology to monitor your staff or is there a better way to keep tabs on workforce productivity?
RCA for small practices
- Article
- 20 May 2022
ICAEW’s Audit and Assurance Faculty looks at five ways in which sole practitioners and other smaller audit practices can embrace RCA as it becomes a requirement later this year.
Chart of the week: Global population
- Article
- 19 May 2022
Our chart this week looks at how the estimated global population of almost 8bn people is distributed around the world.
ISQM 1: the benefits for smaller firms
- Article
- 19 May 2022
All firms – not just larger ones – need to have a quality management system in place by the end of the year. But it doesn’t have to be a burden, and it can deliver lasting benefits.
CCAB AML guidance approved by HM Treasury
- Article
- 19 May 2022
A look at the main areas of change in the new CCAB anti-money laundering guidance, which replaces the draft published in September 2020.
Innovation Investment Summit looks to put Liverpool on the map
- Article
- 19 May 2022
The event, organised in collaboration with ICAEW, brings together entrepreneurs, investors and advisers to look at what is needed to capitalise on the levelling-up opportunity.
Accounting data must come before climate action
- Article
- 18 May 2022
Carbon tracking software could be the key to reducing the carbon footprint of smaller businesses, currently responsible for half of business-driven emissions in the UK.
UK endorses adoption of IFRS 17
- Article
- 17 May 2022
The new standard will provide greater clarity and comparability in the UK insurance market, which is one of the largest in the world.
PAC slams BEIS for ‘open goal to fraudsters and embezzlers’
- Article
- 17 May 2022
The Public Accounts Committee says there was insufficient effort to prevent fraud and error in the distribution of business support grants and loans, adding ‘billions and billions to taxpayer woes’
HSBC signs up to SME Finance Charter
- Article
- 17 May 2022
Banking giant is the latest to sign up to the UK government’s initiative to improve access to finance for SMEs.
Navigating business in international markets
- Article
- 17 May 2022
As the UK signs new Free Trade agreements, ICAEW’s Global Trade Community explores the opportunities for businesses to expand into international markets.
Supercharge your skills base for effective quality management
- Article
- 17 May 2022
ISQM 1 is raising the bar for quality management standards, but which approaches should audit firms and their staff take to boost the skills needed for this new era?
Helping audit firms prepare for ISQM
- Article
- 16 May 2022
Thinking about the risks that keep you awake at night is a good starting point when it comes to the risk assessment aspects of ISQM – a series of ICAEW webinars will guide you.
Do Levelling Up building plans align with SDGs?
- Article
- 16 May 2022
Levelling Up targets for greener housing aim to meet UN’s Sustainable Development Goal for human settlements. But are current UK skills and finance models prepared for it?
EFRAG launches consultation on first EU sustainability standards
- Article
- 16 May 2022
Europe’s corporate reporting body has launched a public consultation on draft corporate sustainability reporting standards, as the need for consensus on ways to report sustainability information gathers pace.
Finance for the future: SMEs make an impact
- Article
- 13 May 2022
Ecology Building Society won two Finance for the Future Awards in 2019, demonstrating that small companies can make a big difference. Now, its sustainability lead is judging the next round of entrants.
Quality Management: Iterating for improvement
- Article
- 13 May 2022
Quality management is not about getting it right first time, but instead it’s about continuous improvement and adapting to circumstances and changes within the firm.
Chart of the week: Real interest rates
- Article
- 12 May 2022
Our chart this week looks at how real interest rates – net of inflation – remain stubbornly negative despite recent increases in the Bank of England base rate.
Mental Health Awareness Week has loneliness in its sights
- Article
- 12 May 2022
Despite an increased focus on mental health across all areas of society, the rate of those suffering from poor mental health is still on the rise, and loneliness is a big factor.
ICAEW award winner Carlson Tong: the lessons learned
- Article
- 12 May 2022
“When I was a trainee accountant, everyone said as an auditor you were a watchdog not a bloodhound. Now you have to be like a detective,” says Carlson Tong, winner of ICAEW’s Outstanding Achievement Award 2022.
What do audit quality risks look like?
- Article
- 12 May 2022
Quality risks are both diverse in nature and challenging to keep track of. How should auditors approach their identification and assessment and, importantly, how can audit firms ensure their systems of quality management are up to scratch?
TPT Call for Evidence: members urged to respond
- Article
- 12 May 2022
The UK Transition Plan Taskforce (TPT) is a ‘vital first step’ towards creating a framework that will inform disclosure rules around net zero.
Local audit reform absent from Queen’s Speech
- Article
- 11 May 2022
Ongoing uncertainty over the government’s intentions for the future of the local audit system could exacerbate the current crisis as the procurement deadline approaches.
Cyber risks and data loss dominate director liability concerns
- Article
- 11 May 2022
A volatile business environment due to the pandemic and geopolitical pressures means cyber risks are perceived as presenting the biggest liability risk to directors.
Queen’s Speech delivers ‘lopsided reform’ on audit
- Article
- 10 May 2022
ICAEW Chief Executive warns that the UK is still ‘years away from seeing new legislation on the statute book’ as Prime Minister fails to prioritise audit and corporate governance.
Inflation to cut growth among UK owner-managed businesses
- Article
- 10 May 2022
Owner-managed businesses fear inflationary pressures combined with other economic pressures will have a huge impact over the next 12 months.
How UK businesses can offer work to Ukrainian refugees
- Article
- 09 May 2022
ICAEW advises businesses to follow new government guidance as they look to welcome Ukrainians displaced by the war into their workforces.
Displaying 1-50 of 62 results