Accounting Standards

ICAS calls for bold action to secure Scotland’s public finances

Panellists at an event hosted by the Institute of Chartered Accountants of Scotland (ICAS) warned that without a coherent roadmap,…

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ACCA calls for simplification of EU sustainable financial reporting rules

Global accountancy body the Association of Chartered Certified Accountants (ACCA) is calling for the simplification of European Union sustainable financial…

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ACCA and University of London launch joint BSc programme

ACCA and the University of London have launched a new BSc (Hons) Professional Accountancy Programme.  The programme integrates studies for…

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ICAEW audit report finds 67% of work of good or acceptable quality

The ICAEW has revealed its quality assurance team visited 401 firms and reviewed work on 790 audits in the year…

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ACCA urges FRC to drive ‘proportionate’ SME audit requirements

Global accountancy body The Association of Chartered Certified Accountants (ACCA), is calling on the UK regulator to ensure that audit…

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Chartered IIA and ISACA call for swift audit reform to build digital resilience

The Chartered Institute of Internal Auditors (Chartered IIA) and ISACA, the global professional association helping individuals and organisations in their…

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CFA calls for improvement of intangible assets disclosures

Accounting standard-setters should pursue a disclosure-first approach to make progress on the recognition of, and accounting for, intangible assets, The…

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PwC fined £4.5m over Wyelands Bank audit

The Financial Reporting Council (FRC) has announced that PwC has been fined £4.5m for the unsatisfactory audit of the financial…

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IPSASB climate-related focus ‘could lead to greenwashing’, industry warns

The ICAEW and CIPFA have warned that the International Public Sector Accounting Standards Board should broaden the scope of proposed…

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GAA and ICAEW launch nature-focused accounting guide

The Global Accounting Alliance (GAA) alongside the ICAEW have launched a new guide to help address the “urgent need” for…

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