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Affinia expands Midlands presence with Towcester acquisition

Affinia expands Midlands presence with Towcester acquisition

The Uncommon Practice appoints director to lead regional growth

The Uncommon Practice appoints director to lead regional growth

Talent shortages force accountancy firms to turn away clients

Talent shortages force accountancy firms to turn away clients

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Sanctions

Our coverage on Sanctions focuses on the evolving UK sanctions regime and its implications for the accountancy and financial services sectors. Accountancy Today reports on regulatory developments, enforcement actions, and compliance challenges faced by professionals in navigating sanctions related to geopolitical events, such as the Russia-Ukraine conflict. We analyse guidance from the Office of Financial Sanctions Implementation (OFSI) and the Financial Conduct Authority (FCA), highlighting best practices and areas for improvement in sanctions compliance frameworks. Our editorial also examines high-profile cases where firms have faced penalties for sanctions breaches, underscoring the importance of robust due diligence and internal controls. This coverage provides accountants, auditors, and compliance officers with insights into managing sanctions risks and maintaining regulatory compliance.

Sanctions

Our coverage on Sanctions focuses on the evolving UK sanctions regime and its implications for the accountancy and financial services sectors. Accountancy Today reports on regulatory developments, enforcement actions, and compliance challenges faced by professionals in navigating sanctions related to geopolitical events, such as the Russia-Ukraine conflict. We analyse guidance from the Office of Financial Sanctions Implementation (OFSI) and the Financial Conduct Authority (FCA), highlighting best practices and areas for improvement in sanctions compliance frameworks. Our editorial also examines high-profile cases where firms have faced penalties for sanctions breaches, underscoring the importance of robust due diligence and internal controls. This coverage provides accountants, auditors, and compliance officers with insights into managing sanctions risks and maintaining regulatory compliance.

KPMG hit with £700k fine from UK accounting watchdog

The Financial Reporting Council (FRC) has fined ‘Big Four’ auditor KPMG £700,000 for failing…

Fines for auditors rise almost 50% in 2019

Fines for auditor misconduct issued by the Financial Reporting Council rose by almost 50% in 2019.

Dealing with xenophobia in the workplace

Since the Brexit referendum, studies have emerged highlighting an increase in racism and…

FRC fines Grant Thornton £650,000 over ‘inadequate’ audit

Grant Thornton and one of its Audit Engagement Partners have been fined £650,000 by the FRC…

How to Create a High-Quality SAR

The NCA’s 2019 report stated that a record 478,437 SARs (Suspicious Activity Reports) were…

Gov pledge to name and shame tax dodgers is failing, says TaxWatch

A government pledge to name and shame “aggressive tax avoiders” has failed to list a…

The FRC has the bit between its teeth, here’s what you need to know

The Financial Reporting Council (FRC) means business. A slew of fines and investigations in…

Seven of the biggest sanctions handed out by the FRC

With plentiful coverage of fines and criticism, there is a growing perception that the…

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…

FRC reveals ‘substantial’ increases in fines to tackle poor quality audits

The Financial Reporting Council (FRC) has issued its first Annual Enforcement Review which…
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