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NEWS & UPDATESProfessional Judgement – Guidance from the Financial Reporting Council (Part 1)
Making professional judgements is one of the most crucial and frequent tasks of an auditor. Failure to consistently...
New FRS 102 is Here
Revenue recognition and lease accounting rules are the main changes from January 2026 arising from newly published...
Audit Firm Held Not Liable in Negligence Claim
A recent UK High Court case reported in January 2024 makes interesting reading. The auditors were cleared of any...
Accountant Excluded for Lying about AML Policy
A 2023 ACCA disciplinary decision relating to a member makes interesting reading. The main complaint was that he had...
Solicitors Accounts Regulations Part 2
Following on from last week’s blog about the introduction of the new Solicitors Accounts Regulations 2023, it’s worth...
Solicitors Accounts Regulations
The Law Society of Ireland has introduced new Solicitors Accounts Regulations 2023 which came into operation on 1 July...
The 6 Principles of AML Compliance
There are at least six principle aspects of the AML legislation that accountants in practice must cover in order to...
Money Laundering – Watch the Tell Tale Signs
It’s extremely important that practitioners give the Anti-Money Laundering (AML) legislation the attention it deserves...
Protected Disclosures since December 2023
The Protected Disclosures (Amendment) Act 2022 (the Act) requires certain entities to have in place procedures to...
Are Your Engagement Letters Up to Date?
Some accountants can still remember a time in the distant past when it was possible to have the same client engagement...
SME Audits Need to Improve Part 1
Nearly a third of UK audits completed by small and mid-tier firms need ‘significant improvements’ after inspections by...
SME Audits Need to Improve Part 2
In last week’s blog ‘SME Audits Need to Improve’ we highlighted a recent report by the Financial Reporting Council...