The latest practice related news from ICAEW Insights.
Challenges remain to Economic Crime Bill despite amendments
- 25 Nov 2022
Key amendments to the Economic Crime Bill giving recognition to the accountancy sector will help firms identify and reduce the likelihood of illicit transactions more quickly. However, challenges remain in further strengthening the Bill.
Countdown to ISQM 1 – is your practice ready?
- 16 Nov 2022
In this Insights In Focus special episode, we discuss the rollout of the International Standard on Quality Management (ISQM) and what firms need to do before ISQM 1 is implemented on 15 December 2022.
ISQM 1 implementation deadline draws near
- 16 Nov 2022
Not started yet or in need of further help? Don’t despair, ICAEW shares key resources for small practitioners on ISQM implementation to get you on your way.
What happens when energy support for businesses ends?
- 11 Nov 2022
The UK Energy Bills Relief Scheme for non-domestic customers is set to end after 31 March – but the cost-of-doing-business crisis will last much longer than that.
How to reap the benefits of new standard ISQM 1
- 09 Nov 2022
Gilberts Chartered Accountants partner Luke Parker explains the firm’s strategy for ISQM 1 implementation, and how root cause analysis training can be tailored to individual businesses.
Scaling back of energy support risks renewed inflation surge
- 19 Oct 2022
The latest official estimate from the Office for National Statistics reveals that UK inflation accelerated to 10.1% in September as food prices soar.
The future of accountancy revealed: 35 under 35
- 13 Oct 2022
Underlining once again the value of the chartered accountancy qualification, many of the accountants in this year’s 35 under 35 ranking published by Accountancy Age are ACAs.
ISQM 1 implementation: a sole practitioner approach
- 06 Oct 2022
The deadline for the design and implementation of a firm’s system of quality management (SoQM) under ISQM 1 is fast approaching. Peter Hollis, of Hollis and Co Ltd, shares his approach to implementation.
The latest issues concerning practices and sole practitioners from the Practicewire.
- 09 Nov 2022
In this issue, we look at: the latest developments in tax legislation and practical details from Rebecca Benneyworth's update at Practice Live; hot topics members are using the ICAEW Technical Advisory Service to get to answers to; changes to ICAEW membership from 2023; making the most of compliance reviews; what the Economic Crime Bill 2 means for you and the Companies House reform; What a good audit file looks like for audit of accounting estimates.
Why it pays to be sceptical | MTD for ITSA
- 26 Oct 2022
In this issue of PracticeWire, we look at: the degree of trust still placed in personal and professional relationships and whether trust is enough in the fight against economic crime through our training film All Too Familiar; Bloomsbury Professional's recent technical update on goodwill in business valuations; how to call out unprofessional behaviour; Practice live and virtual events for Q4 of 2022.
Practice events | Manage cyber risk with insurance | MTD for VAT and ITSA
- 17 Oct 2022
Topics covered include: new Practice virtual and live events web page; how cyber insurance can support your firm's risk management strategy; ISQM 1 implementation: a sole practitioner approach; Professional Standards update; ICAEW CPD consultation; Regulatory Board vacancies; Small Practice Roadshows; Claiming VAT back as input tax; Construction Industry scheme deductions; Celebrating Black History Month 2022; UK Regions Economic Summit.
Chancellor's Mini-Budget | 7 quick wins for sustainability | Practice Roadshows
- 17 Oct 2022
Topics covered include: Mini-Budget hub updates; 7 ways to reduce costs, cut carbon and strengthen ESG policy; Business Asset Disposal Relief for partnerships; Professional Standards update; Bristol and Leeds Small Practice Roadshows; Share for Share Exchanges new helpsheet; Cryptocurrencies under FRS 102 helpsheet updated; auditing crypotcurrency.
ISQM 1: recommended reading and resources list
- 16 Sep 2022
Topics covered include resources to get started on ISQM 1; Business Confidence Monitor for Q3; new guidance summaries for going concern; a reminder of the anticipated changes to Companies House filing requirements; Companies House campaign highlighting directors filing responsibilities; Early bird offer for Practice Live; High court ruling affecting sole directors in private limited companies.
ISQM 1 for the small practice | Practice Live early bird offer
- 31 Aug 2022
Topics covered include: How to get started on ISQM1; Early bird offer for Practice Live ; PII market update; Margin scheme; Trust registration of gifted properties; Sharpening the Focus on Corporate Fraud: an Audit Firm Perspective report and webinar.
Practice Conference 2022 - book now
- 20 Jul 2022
Topics covered include: booking now open for Practice Conference 2022; legal pension obligations for those employing temp and casual staff over the summer; how a small practice is using the All Too Familiar AML film; Clients' money regulations compliance review checklist reinstated; Tax FAQs.
It's time to act on ISQM1: don't delay
- 06 Jul 2022
Topics covered include: ICAEW Quality Management Hub for ISQM1; Monitoring approach for ISQM1; Updates to auditor resignation - auditor responsibilities helpsheet; Prepare plastic packaging tax returns; SME R&D schemes: which costs can be claimed?; Professional Standards June update; Preparing your practice for MTD for ITSA; Exiting from Practice life on demand webinar; Marsh Commercial free online fraud exposure report.