The global body for professional accountants
April Edition
Read the latest news, guidance and CPD for practitioners in the April Edition of In Practice. This is to support you in your practice, so please use and share with your communities to amplify key messages and support.
Sustainability reporting: track your progress.
Sections 522 to 525 of the Companies Act 2006 have set requirements on auditors and on companies to notify the appropriate audit authority when an auditor ceases to hold office.
Recent findings during audit monitoring reviews have revealed some technical breaches of a firm’s eligibility requirements to hold an auditing certificate. As a result, ACCA has updated its response to identifying such breaches.
Making Tax Digital (MTD) is a UK government initiative aimed at transforming the tax system to make it more effective, efficient and easier for taxpayers to manage their affairs. Initially introduced for VAT-registered businesses, MTD is now extending to Income Tax Self Assessment (ITSA), affecting sole traders and landlords.
The government has launched a joint HMRC/Department for Business and Trade consultation on plans for the rollout of electronic invoicing and whether to make it mandatory for businesses in the UK.
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The rising incident costs of data breaches are not the only financial implication that affected organisations have to contend with. Fines resulting from organisational failures, mishandled data and lack of regulatory compliance can now reach levels far higher than the original financial impact of the breach itself, with potentially tens of millions in fines depending on the scale of the breach and the degree to which the firm was responsible for the breach as a result of security/regulatory negligence.
Accountants’ responsibilities when carrying out research and development (R&D) work have increased, with accountants now required to advise on areas typically outside their expertise. Managing this risk will require close collaboration with specialist advisers, as well as robust mechanisms to minimise professional errors.
PureCyber: Introduction to Cyber Essentials is a tell-all webinar designed to help you navigate the ins and outs of Cyber Essentials/CE Plus accreditation and why your organisation should be certified in 2025.
Charity Commission warns charities about fraudulent messages recently sent to charities and trustees
Auditing digital assets
Auditors must equip themselves with the skills required to deal with the unique risks and challenges
Designing a workplace that’s worth the commute is essential for nurturing talent
As the US ramps up its trade wars, understanding how to mitigate against increased costs is vital
Some countries are regulating AI through regulation, others through principles
