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
Financial advisory firm Interpath said on Monday that Bridgepoint Group plc has entered into exclusive negotiations to buy a majority stake in the business. Terms were not disclosed, but according to reports, the deal values Interpath at about £800m. Interpath said the … Read More
The new Charities State of Recommended Practice (SORP) fails to address the “fundamental issues” facing charity accounting, charity experts have said. Yesterday, Civil Society Media hosted a webinar on the new Charities SORP, which will apply to reporting periods starting on … Read More
Almost a third (31%) of respondents said retaining younger talent had become harder than five years ago Around one in four Gen Z employees have left financial services firms in the past year, with almost half of financial services leaders reporting an … Read More
The stage is set for the next wave of financial advice and wealth management firm acquisitions. But what will the new owners look like, and what will they want from advice businesses? Back in 2019–20, the UK advice market saw … Read More
The Financial Reporting Council has unveiled a new scalebox initiative to mentor smaller audit firms and improve competition with the Big Four. The Financial Reporting Council (FRC) has unveiled a new coaching initiative designed to help smaller audit firms compete … Read More