CIPFA issues temporary S.114 guidance
The Chartered Institute of Public Finance and Accountancy (CIPFA) has modified its guidance for CFOs to allow councils the “time...
Saturday, July 4, 2020
Accounting Standards
Metro Bank issues £10.5m refund following CMA investigation
Metro Bank has committed to repay more than £10.5m to its customers after it breached a legal order, the Competition...
ACCA to partner with the Charity Commision
The Charity Commission and ACCA have signed a data-sharing agreement which “facilitates the referral of concerns about accountancy services provided...
Deloitte partner fined £120,000 by FRC over Serco ‘misconduct’
The Financial Reporting Council (FRC) has fined a Deloitte partner £120,000 over “misconduct”. The regulator published the settlement agreement in...
FRC sets Deloitte Autonomy tribunal for October
A hearing of the Disciplinary Tribunal of the Financial Reporting Council (FRC) has been set for 10 October in relation...
One in 12 accountants don’t complete enough CPD units, IFA says
According to analysis by the Institute of Financial Accountants (IFA), an estimated one in 12 accountants don’t complete enough relevant...
Charity Commission ‘concerned’ by quality of charity accounts
A new study published by the Charity Commission has found that only half of charity accounts reviewed met the regulator’s...
FRC opens consultation on SECR Taxonomy
The FRC has today opened a consultation on the draft Streamlined Energy and Carbon Reporting (SECR) Taxonomy. The draft is...
FRC fines KPMG £3.5m for Client Assets Reports of BNY Mellon entities
The Financial Reporting Council (FRC) has fined KPMG £3.5m in relation to Client Assets Reports in respect of The Bank...
Deloitte fined £4.2m for Serco audit failings
The Financial Reporting Council (FRC) has fined Deloitte £4.2m in relation to the audit of the financial statements of Serco...
