Executive summary During the second quarter of 2026, the UK accountancy sector operated within a complex macroeconomic and operational landscape. With the Bank of England maintaining benchmark interest rates at 3.75% in late April and persistent inflation weighing on workforce wellbeing, accounting practices faced … Read More
Annual review stresses need for greater investment in quality management systems The Financial Reporting Council (FRC) has published its annual review of audit quality, highlighting a persistent gap in standards between the largest and smallest audit firms. The regulator said its Annual Review of … Read More
It comes as the regulator is moving to an integrated approach to align supervisory, investigatory and enforcement activity The Financial Reporting Council (FRC) has published reforms to its audit enforcement procedure today (17 June), in a bid to modernise its regulatory toolkit. It comes as … Read More
For AI users in highly regulated sectors like finance and accounting ‘trusting something partially is not adequate’ with high levels of double checking and worries about lack of audit trail The trust ceiling for artificial intelligence (AI) is still a … Read More
With nearly 50,000 Brits estimated to have upped sticks and returned to the UK due to the war in the Middle East, complex statutory residence test (SRT) rules, benefits in kind and critical day counts could trigger high tax bills … Read More
With M&A still booming, the accountancy market is questioning whether this is as good as it gets. “We were looking to sell in three to five years, but was the opportunity still going to be there? We decided that this … Read More