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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.

11-year ban for payroll boss in tax avoidance scheme

A Leicester payroll services boss has been banned for orchestrating a “multi-million pound…

Going underground: accountants warned to monitor for underground banking risk

The Institute of Financial Accountants (IFA) and National Crime Agency (NCA) are warning…

Auditor fines issued by FRC jump 180% to £25m in a year, study shows

The value of fines issued by the Financial Reporting Council (FRC) to auditors rose 180% to…

Insolvency Service given new powers to tackle ‘unfit’ directors 

The Insolvency Service will be given new powers to investigate directors of companies that…

FRC sanctions UHY Hacker Young over audit quality

The Financial Reporting Council (FRC) has issued a trio of sanctions against UHY Hacker…

FRC fines Haysmacintyre over audit failures

The Financial Reporting Council (FRC) has imposed sanctions against Haysmacintyre LLP and…

FRC imposes Severe Reprimand on Richard Jones

The Financial Reporting Council (FRC) has imposed a Severe Reprimand and a financial penalty…

Can reform fix the UK’s auditing crisis?

Auditing in the UK, as well as its reputation globally, has been tarnished by a slew of…

Financial sanctions: what the new UK sanctions mean for businesses in a post-Brexit market

UK businesses have long been subject to sanctions, supporting everything from foreign policy…

What is ahead for accountants in 2021?

As a professional accountancy body with more than 2,500 members in public practice serving…
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