Law and regulation

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In 2014, a new EU Non-Financial Reporting Directive (the ‘Directive’) was approved, introducing new requirements for large undertakings which are also public-interest entities (PIEs) and have an average number of employees exceeding 500....
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TECH 02/10 “Guidance on realised and distributable profits under the Companies Act 2006” identifies, interprets and applies the principles relating to the determination of realised profits and losses for the purposes of making distributi...

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Last week the UK Government issued draft amendments to the Limited Liability Partnerships (LLP) regulations which, when enacted, will align the LLP regulatory framework with recent changes to UK company law (introduced by SI 2015/980 The Companies, ...
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Last month, the Department for Business, Innovation and Skills (BIS) published a consultation paper on proposed amendments to the regulatory frameworks for Limited Liability Partnerships (LLPs) and Qualifying Partnerships. 

The pro...
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Application process now open

The Civil Aviation Authority (CAA) has approved ICAEW’s Licensed Practice scheme as an ATOL Reporting Accountants’ scheme. Your firm can now apply to ICAEW to become an ICAEW Licensed Practice.

Acting for ATOL licence ...

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The FRC has issued, for consultation, a revised Ethical Standard (the ‘FRC ES’).  It is intended to replace the Auditing Practices Board’s (APB) Ethical Standards for Auditors 1 to 5. 

Whilst the current standards adopt a threats and safeguards a...
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ICAEW is launching a campaign to promote the value of ICAEW Chartered Accountants to businesses. The premise of the campaign is to encourage them to choose a qualified ICAEW Chartered Accountant.

Many practitioners have been complaining for years...
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Over one million small employers will reach their auto-enrolment staging date over the next two years and many are turning to us for support.  Although this should generate more income for practitioners in the longer term, the lack of clarity f...
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New regulations approved by the UK Government in April 2015 introduce major changes to the information that small and medium-sized companies are required to file at Companies House. 

The new regulations, including the revised rules for filin...
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In March 2015, the UK Government approved regulations, The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015, which introduce significant changes to UK company law. For example:

Increased accounting thresholds.
&a...