Law and regulation

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One of the biggest societal changes of the last five years has been a growth in contracting, freelancing and self-employment.

How does the forward looking accountancy practice get their heads around this? What does it represent and how may it imp...
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Towards the end of August this year, the Department for Business Innovation and Skills (BIS) published its proposals on how to implement the new EU Accounting Directive in the UK. This was quickly followed by the related Financial Reporting Council&...
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The Department for Business, Innovation and Skills (BIS) has released its anticipated consultation on plans to implement the new EU Accounting Directive in the UK. Learn more about audit exemption implications, and how to get involved.

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In this blogs around Tomorrow’s Practice, I thought I’d introduce myself and the scope of the project. I was a business journalist from 1989 until 2012, writing about how organisations and businesses – sometimes in fairly specific ...

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During my travels around the country talking to businesses and chartered accountancy practices a subject that keeps cropping up is the raising of the audit threshold – the level at which businesses can be exempt from having an audit of their busines...
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New EU rules exempting more small and medium-sized businesses from having to have an annual audit could damage the ability of SMEs to access bank lending if they decide to opt-out.  
 
Many small and medium-sized businesses are likely to...
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All things cyber make good headlines. And those involving technology, spying, hacking and state security make even better ones.

It’s not scaremongering to point out the growing threat to the reputation and profitability of corporations and...
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Regulations introducing major accounting exemptions for micro-entities have now been approved by the UK Parliament.

First mooted in Brussels in 2007, the regulations apply to financial years ending on or after 30 September 2013 and to eligible acc...

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Over the past year, the Audit and Assurance Faculty have worked to get our technical ducks in a row on audit exemption. Now I'm looking for your feedback.

We're expecting a world in which most companies can choose whether or not to have an audit....
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Some relatively uncontroversial, but nonetheless important changes to the
Takeover Code take effect today. 

 

The most significant changes are in relation to profit forecasts and statements in connection with the anticipated f...