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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 to cut down building society audits

Big Four accountancy firm KPMG is to cut down its auditing of Britain’s building societies.

Deloitte fined £4.2m for Serco audit failings

The Financial Reporting Council (FRC) has fined Deloitte £4.2m in relation to the audit of…

PwC fined £4.5m for Redcentric audit

Industry regulator, the Financial Reporting Council (FRC) has fined Big Four accountancy…

Gov urged to introduce new regulator legislation before year end

Auditing association, The Chartered Institute of Internal Auditors (IIA) has urged the…

AML legislation loopholes ‘must be addressed’, says Joint Committee

Loopholes in the new draft legislation against money laundering through the UK property…

FRC fines MSR Partners over Laura Ashley audit

The Financial Reporting Council (FRC) has fined MSR Partners over its statutory audit of…

FRC fines KPMG £5m over Co-operative Bank audit

The Financial Reporting Council (FRC) has fined ‘Big Four’ auditor KPMG £5m over a 2009…

FRC fines Baker Tilly £750,000 over Tanfield audit

The FRC has fined Baker Tilly UK Audit LLP £750,000 and its partners Richard King and Steven…

FCA fines Standard Chartered Bank £102.2m for poor AML control

The Financial Conduct Authority (FCA) has fined Standard Chartered Bank £102,163,200 for…

The 2019 loan charge: a paradigm shift in tax avoidance?

The ongoing shifts in the tax avoidance landscape continue to underline the government’s…
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