Law and regulation

Accounting / Guernsey overhauls corporate insolvency rules

Guernsey is to reform its insolvency laws to create a more effective corporate insolvency regime with more accountability for directors

Accounting / Accounting filing deadlines: Jan-Mar 2020

The key accounting filing deadlines for the next quarter including private company accounts year ends for 31 March 2019, plus how to extend the deadline

Accounting / Corporate governance for accountants on the board

In the wake of numerous corporate collapses, there is a growing focus on the integrity of accountants on company boards. Julie Matheson and Adrian Crawford of Kingsley Napley highlight the corporate governance risks and responsibilities 

Accounting / Accounting updates: January 2020

This month’s roundup of accounting stories includes SFO charges at Serco, FRS 101 exposure draft released, £58m Post Office accounting settlement, M&C Saatchi misstatement hike and De La Rue flags going concern fears

Accounting / Brydon review will see audit remit extended to fraud

A major overhaul of audit following the Brydon report will see the creation of a separate corporate auditing profession, greater focus on fraud detection during audits, and the replacement of the ‘true and fair’ concept

Accounting / Post Office pays £58m to settle IT accounting failures

The Post Office has agreed to pay £58m to settle a long running legal case brought by a group of sub postmasters who faced charges of fraud which they said were down to problems with a new computerised accounting system

Accounting / SQA faces accounting fraud probe

The Scottish Qualifications Authority (SQA) is under investigation over allegations of internal accounting fraud, with claims a six-figure sum could be involved

Accounting / Businesses lose £682m through fraud

Businesses are being urged to do more to protect themselves from fraud, after Action Fraud figures show reported losses reached £682m last year

Accounting / CIPFA clarifies rules on local authority property investments

The Chartered Institute of Public Finance and Accountancy (CIPFA) has issued guidance outlining reporting requirements for investments in property by local authorities to increase accountability

Accounting / US part delays credit loss and lease accounting standards

The US Financial Accounting Standards Board (FASB) plans to defer certain effective dates for upcoming accounting standards on current expected credit losses (CECL), leases, hedging and long-duration insurance contracts

Accounting / Dividends and distributable profits: part 5

In the fifth in our dividends series, Croner-i tax and accounting writer David Duvall FCA looks in detail at issues relating to realised profits and losses

Accounting / College accounts direction updated for 2018-19

The Education and Skills Funding Agency (ESFA) has issued the 2018-19 college accounts direction setting out financial reporting requirements for sixth form and further education colleges

Accounting / Legal updates: November 2019

In this month’s legal updates, Sophie Brookes, partner at law firm Gateley plc, considers whether an automatic email signature can act as a real signature, whether the actions of a company’s members were vexatious, and whether legal professional privilege can be lost when a company dissolves

Accounting / CIMA updates accountants' code of ethics

CIMA has revised its code of ethics in response to the challenges of digital businesses and the impact of emerging technologies, effective from 1 January 2020

Accounting / FTSE 100 strengthens reporting on company values

Greater responsiveness to shareholder concerns and climate change worries, along with the impact of Brexit, featured strongly in FTSE 100 annual reports this year, according to analysis from Deloitte

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