Accounting in the UK
Up-to-date information and background knowledge can help support and grow your business internationally. On this page you can access articles, books and online resources providing useful links to accounting standards, GAAP comparisons and other guides.
Some features on this page link to licensed products and are only available to logged-in members and students.
We also maintain separate pages on accounting standards in the UK with more information and resources about new UK GAAP, old UK GAAP and IFRS.
Financial Reporting Council (FRC)
Official source of local accounting standards, including summaries and full text of most FRSs and SSAPs.
Accounting standards updates and background information from Deloitte's IAS Plus service.
Member organizations and country profiles: United Kingdom
Profile of the legal and regulatory environment, including information on the statutory framework for accounting and auditing, regulation of the profession and adoption of international standards.
Accountancy associations and groups
Association of Accounting Technicians
Professional membership organisation providing recognised training and continuing professional development for accounting technicians. Supported by CIPFA, ICAEW, CIMA and ICAS.
Association of British Independent Accounting Firms (ABIAF)
National network of independent accounting firms with strong local connections.
Association of Chartered Certified Accountants (ACCA)
International accountancy body for the chartered accountants providing advice and accountancy courses to students as well as accountancy regulations and tax accountant advice to small businesses.
Association of Independent Specialist Medical Accountants (AISMA)
Network of 63 firms of specialists accountants in the UK all involved in accountancy work for doctors.
Association of International Accountants (AIA)
A Recognised Qualifying Body (RQB) in the UK for company auditors under the Companies Act 1989, the AIA promotes and supports the advancement of the accountancy profession both in the UK and internationally.
British Accounting and Finance Association (BAFA)
UK organisation bringing together those interested in teaching and research in accounting and finance. Formerly known as the British Accounting Association (BAA).
Chartered Institute of Management Accountants (CIMA)
Represents accountants in business such as financial managers and accountants who work in industry, commerce, not-for-profit and public sector organisations.
Chartered Institute of Public Finance and Accountancy (CIPFA)
Body for the public services providing education and training in accountancy and financial management.
Consultative Committee of Accountancy Bodies (CCAB)
Umbrella organisation representing the six major accountancy bodies in the UK and the Republic of Ireland. Site includes an explanation of the organisation's core objectives and role in promoting CCAB qualified accountants from the 6 bodies that make up the CCAB. The site also includes an archive of press releases, and reports they have issued (in PDF format). Also includes a listing of CCAB groups in Europe.
Hospitality Professionals Association (HOSPA)
Association for hospitality's finance, revenue management and IT professionals.
Institute for Turnaround
Formerly know as the Society of Turnaround Professionals, the Institute for Turnaround is a professional body for the operational, funding and advisory community.
The largest professional accountancy body in Europe, representing chartered accountants.
Institute of Chartered Accountants of Scotland
Professional body for chartered accountants in Scotland.
Institute of Certified Book-keepers
Organisation promoting the profession of book-keeping through relevant qualifications reflecting the role of the book-keeper in commerce and industry.
Institute of Financial Accountants
Body representing and providing qualifications for non-chartered accountants wishing to work in financial management.
National Association of Specialist Dental Accountants
Organisation representing specialist dental accountants. NASDA membership includes accountants and lawyers with an in-depth knowledge of the dental profession. The Association works to promote and develop accountancy services to the dental profession and further knowledge of specialist dental accountancy matters.
Network of Independent Forensic Accountants
A network of independent independent Chartered Accountancy practices created to provide expert witnesses (accredited by the Law Society) for cases involving litigation in areas of the law such as matrimonial, family, commercial, criminal, insurance, personal injury and clinical and professional negligence.
Oil Industry Accounting Committee
Service for the oil industry providing specialist news plus downloadable copies of current exposure drafts, SORPs and guidance
Production Guild of Great Britain
Body formed by the merger of the Guild of Film Production Accountants and Financial Administrators (GFPA) and The Guild of Film Production Executives (GFPE) in 1999.
Society of Professional Accountants
An independent association of chartered accountants from the ICAEW working in smaller practices. Site includes a browse function to find members, by county or town.
Society of Trust and Estate Practitioners (STEP)
The professional body for trust and estate profession worldwide, which includes members from the accounting sector as well as legal, corporate trust, banking, insurance and other related professions. Site includes information about the history and structure of STEP, along with a selection of publications that can be downloaded free.
UK 200 Group
A mutual association for firms of chartered accountants, with a website that contains information on the group as well as sections on trade groups and specialist panels.
Worshipful Company of Chartered Accountants in England and Wales
Livery Company for chartered accountants with an associated charitable trust. Fosters the accountancy profession in a number of ways including provision of social and professional events for ICAEW members, promotion of standards, creation and distribution of funds for charitable purposes and, like the ICAEW, monitoring policy developments relating to the profession. The Company has the special responsibility of supporting the Mayoralty and the City.
A comparison of old UK GAAP, new UK GAAP (FRS 102) and EU-adopted IFRS
Overview produced by PwC and last updated in April 2016. The full detailed guide is available to registered PwC Inform users.
Similarities and Differences: A comparison of IFRS, US GAAP and UK GAAP
Guide published by PwC in August 2005.
Guides and resources
Overview of the profession in the United Kingdom
Accountancy Europe, July 2020
Survey of the structure and organisation of the accountancy profession across Europe. Each country profile compares the status of different professional titles and shows whether they are restricted titles, which are reserved activities and authorisations, and whether they are regulated or supervised. The profiles also list the necessary qualifications and requirements to work in this country, such as registration costs and insurance, and gives basic statistics on the number of qualified professionals and trainees in each country.
The accountancy profession in the UK: A report for the Consultative Committee of Accountancy Bodies
Report produced in May 2017 by the CCAB and Oxford Economics highlighting the economic contribution of the accountancy sector to the UK economy. It gives statistics on the number and demographic profile of members of professional bodies, number of accounting firms in the UK, GDP contribution, contribution to employment, tax revenues and the market for accountancy services.
Overview of the accounting requirements in force on January 31, 2013 per entity type
Information collated by the European Commission and EY as part of a wider Accounting guide for SMEs published in 2015. Tables summarise accounting practices for medium-sized, small-sized and micro entities across EU countries, covering requirements for:
- legal entity name
- size thresholds
- accounting systems
- accounting framework
- recording of financial transactions
- components of financial statements
- management report
- publication of financial statements.
Use of IFRS standards by jurisdiction: United Kingdom
Country profile prepared by the IFRS Foundation with notes on the extent of IFRS application, relevant jurisdictional authority, IFRS endorsement and translation of standards.
Articles and books in the Library collection
Each selected book features specific accounting information on this country or territory; click on the links for more details. Alternatively, contact us if you have a particular enquiry or need further help consulting these titles.
European Accounting Guide (5th ed.)
David Alexander and Simon Archer (eds.) (2003)
Individual country and region chapters cover background information, accounting policies and practices, discuss the form and content of published financial statements and offer sample accounts.
International Corporate Procedures
This regularly updated database includes information on tax and accounting and features model company accounts. The model accounts are presented in the standard format for each country or territory with original language and English language versions presented together. Contact us to request documents from the database.
Kurt S Schulzke (ed.)
Each country or region entry contains sections on the framework of accounting (including the regulatory and standard setting regimes), individual accounting topics, auditing and appendices which can include commonly used terms and acronyms and example financial statements. This is a regularly updated looseleaf reference work in three volumes.
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