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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.

FRC sanctions KPMG and audit partner over M&C Saatchi audit

The Financial Reporting Council (FRC) has issued a Final Settlement Decision Notice (FSDN)…

FRC levies record £33.2m fines against auditors in 2023

The value of fines levied by the Financial Reporting Council against auditors has hit a…

Exclusion of audit reform from King’s Speech ‘very disappointing’, says ICAEW

The ICAEW has called the exclusion of an audit and corporate governance reform bill from the…

KPMG receives record £21m fine over Carillion audit

KPMG has been awarded a record £21m fine from the FRC over “exceptional failings” in its…

Value of fines issued by FRC up 29% in the past year

The value of fines issued by the FRC against auditors has risen by 29% in the past year,…

KPMG could face ‘record’ fines over Carillion audits

KPMG could reportedly be facing a record fine over its auditing of construction company…

FRC says quarter of inquiries still ‘too slow’

While the FRC concluded a record amount of investigations over the past year, it has…

FRC imposed ‘record’ £40.5m in sanctions in FY22

The FRC has revealed that a record number of cases were resolved in the year 2022/23 that…

Auditors can act for firms with Russian shareholders, gov clarifies

The government has revised its rules regarding the provision of audits to companies that…

FCA urges firms to prepare for Consumer Duty deadline

The FCA has urged firms to ensure they are ready for the impending Consumer Duty deadline on…
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