Law and regulation

Accounting / Legal updates: January 2021

In this month’s round up, Gateley Legal’s Sophie Brookes examines the consultation on an overhaul of financial reporting requirements at Companies House, misuse of dividend payments as director loans and what constitutes a ‘de facto’ director

Accounting / Tips and advice on preparing parochial church council accounts

The preparation of accounts that reflect the finances of a Parochial Church Council is unique in itself but throw into the mix ‘who owns what’, and complex rules on what can and cannot be capitalised, means accountants need to be careful. Helen Ford FCCA, accounts senior at Butler & Co explains

Accounting / FRC lists priority areas for inspection focus

The Financial Reporting Council (FRC) has put the impact of Covid-19, fraud, estimates and climate risk top of its list of critical issues it will be considering during next year’s round of audit quality reviews

Accounting / Accounting for Brexit part 4: Considerations for companies and directors

In the fourth and final article on the impact of Brexit on audit and accounting, David Duvall MA FCA, Susan Singleton LLB and Fawn Beddows examine some of the key changes that will affect businesses trading in the EU market from 1 January 2021

Accounting / Ban for ‘misleading’ accounting institute

ICAEW, ICAS and Chartered Accountants Ireland have obtained a High Court injunction to ban a European organisation and its directors from offering chartered accountancy qualifications, as it is not a recognised professional body

Accounting / IASB issues limited scope amendments to IFRS 17

The International Accounting Standards Board (IASB) has issued amendments to IFRS 17, Insurance Contracts, including a two-year deferral of the start date, to address concerns and implementation challenges identified following its introduction in May 2017

Accounting / Covid-19: new insolvency rules will ease wrongful trading woes

As the government reveals new insolvency rules to help more businesses avoid entering an insolvency process and weather the Covid-19 storm, Kate Rogers of Radcliffe Chambers looks at how they will affect struggling businesses

Accounting / Legal updates: May 2020

In this month’s legal updates, Sophie Brookes of Gately Legal considers the issues surrounding AGMs in lockdown and the importance of drafting in completion accounts agreements

Accounting / Covid-19: lessons from construction collapses

As the sector that recorded the highest number of insolvencies in 2019 faces up to the latest threat of coronavirus, Naismiths’ head of asset recovery Ben Harwood asks if other sectors can learn from how construction companies handle threats to their business

Accounting / Legal updates: April 2020

In this month’s legal updates, Sophie Brookes, partner at Gateley, examines a brace of significant legal privilege rulings at the Court of Appeal in Civil Aviation Authority v R and Sports Direct v Financial Reporting Council

Accounting / Fraud and money laundering - NEW CPD module

This month's exclusive Accountancy Daily CPD module focuses on how to deal with potential fraud and money laundering situations, which is even more crucial in face of heightened risk during covid-19 crisis

Accounting / Revised investment reporting standards delayed to September

The Financial Reporting Council (FRC) has issued revised Standards for Investment Reporting (SIRs) 1000 to 5000, and a new SIR 6000 dealing with reports on Quantified Financial Benefits Statements (QFBSs) published in accordance with the City Code

Accounting / Accounting updates: February 2020

This month’s roundup of accounting stories includes amendments to IAS 1, MoD’s financial blunder, Ted Baker and Dixons Carphone errors, Carillion hospital overruns, and ACCA/Charity Commission conduct agreement

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