Law and regulation

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 Jet2.com 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

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
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