Practice & Industry

Insight / PwC takes over Taylor Wimpey audit from Deloitte

FTSE 100 house builder Taylor Wimpey has appointed PwC as its external auditor, following a competitive tender process, replacing incumbent Deloitte

Tax / Coronavirus: essential updates for accountants, tax advisers and auditors

To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis

Insight / Covid-19: £10bn trade credit insurance confirmed

The government has confirmed it is to guarantee up to £10bn of trade credit insurance (TCI) coverage, to support thousands of businesses by protecting against customer defaults or payment delays during the current pandemic

Insight / IoD wants ‘student loans’ to help SMEs post-Covid

SMEs facing a ‘debt mountain’ as a result of the Covid-19 pandemic should be offered ‘student loans’ so they can recover quickly when the crisis ends, the Institute of Directors (IoD) has suggested

Insight / Covid-19: pension scheme guidance

A group of professional bodies has issued guidance on the implications of Covid-19 for pension scheme financial reports and audit, to help pension scheme auditors to navigate the additional challenges raised by the current pandemic

Insight / Covid-19: ICAEW predict a strong economic rebound

A strong economic recovery following the coronavirus pandemic is likely, with conditions ripe for a quick turnaround from this ‘short, if very sharp, shock’, according to Oxford Economics report

Insight / Call to end ‘thuggish’ letters for problem debt

A mental health charity is calling on the government to stop requiring lenders to issue ‘debt threat’ letters to consumers when payments are overdue, as part of its financial support measures during the coronavirus crisis

Insight / How small accounting firms can challenge the Big Four

Concerns over auditor independence, healthy work/life balance and low overheads will give smaller firms the opportunity to take work away from the larger firms, argues Chris Biggs, managing director of Theta Financial Reporting

Insight / EIS clampdown sees £200m drop in funding

Tougher rules on venture capital investing have seen a £200m fall in the amount companies have raised via the enterprise investment scheme (EIS), and may affect companies looking to recapitalise following coronavirus, according to analysis by Price Bailey

Insight / FCA identifies insurers for business interruption court case

The Financial Conduct Authority (FCA) has identified eight insurance companies who will be asked to participate in a High Court test case over the failure of certain business interruption (BI) policies to pay out for losses incurred as a result of coronavirus restrictions

Accounting / Unpaid invoices: overlooked assets for cash-strapped companies

Rather than writing off bad debts, businesses should think of their overdue invoices as assets that can unlock vital cash at times of stress, says Azzurro Associates’ Andrew Birkwood

Insight / Smith & Williamson, Tilney merger to go ahead

Top 20 firm Smith & Williamson’s delayed merger with Tilney to create a £45bn integrated wealth management and professional services business is to go head, after the two companies agreed a revised transaction structure and fresh financing

Accounting / Cashflow reporting and forecasting - CPD Module - NEW

This month's exclusive Accountancy Daily CPD module focuses on cashflow reporting and forecasting by reminding businesses that even in times of crisis 'cash is king', also looking at the nine ICAEW principles for financial professionals on how to adapt cashflow processes, analysis and forecasting during the coronavirus crisis

Insight / Legal Updates: June 2020

In this month’s legal updates, Sophie Brookes of Gately Legal considers the issues surrounding new legislation for AGMs and company filings, completion warranties and the meaning of ‘meeting’ in times of social distancing

Accounting / Covid-19: FCA confirms extra time for half yearly reports

The Financial Conduct Authority (FCA) has confirmed additional temporary relief for listed companies facing the challenges of corporate reporting during the coronavirus crisis