Consultation response: Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information

ACCA welcomes the opportunity to provide views in response to the Australian Accounting Standards Board’s (AASB’s) exposure draft ED SR1, Australian Sustainability Reporting Standards (ASRS) – Disclosure of Climate-related Financial Information.

Exposure Draft - Amendments to Climate Change and Energy Standards

GRI exposure drafts for the Climate Change Standard and the Energy Standard (issued by GRI in November 2023) This submission is made jointly by Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA) under our strategic alliance.

Spring Budget 2024: ACCA's letter to the Chancellor

Read the letter outlining members' priorities, sent to Jeremy Hunt ahead of the announcement on 6 March

Consultation: TCFD-aligned disclosure Exposure Draft for Phase 2

ACCA welcomes the opportunity to respond to this consultation on the TCFD-aligned disclosure Exposure Draft Phase 2 (ED) for the UK public sector.

Audit Standards Amendment - Amendments to ISA 250 section A and B - revision of auditing standards to enhance useability and informativeness of the audit

ACCA welcomes the opportunity to comment on the proposals issued by the FRC. We support the enhancement of the auditor requirements aimed at detecting and reporting material misstatements resulting from non-compliance with laws and regulations. Updating the standard in this way will undoubtedly enhance the quality of audit processes, offering users greater assurance that potential material misstatements have been thoroughly assessed and leading to increased stakeholder confidence in the quality of audits carried out. We also commend the transition to a risk-based approach, allowing auditors to focus on laws and regulations that are most likely to have a material impact on the financial statements.

Technical factsheet: The Economic Crime and Corporate Transparency Act 2023

The legislation introduces several wide-ranging reforms

Draft Scottish Budget 2024/25

A summary of the key points

Draft Welsh Government Budget 2024/25

A summary of the major announcements

ACCA's response to Targeted Consultation: Implementation of the Sustainable Finance Disclosures Regulation (SFDR)

This is a co-authored response to the European Commission’s (EC) Targeted Consultation Document: Implementation of the Sustainable Finance Disclosures Regulation (SFDR) by the ACCA and CISI. This response has been informed through our policy positions, sustainability focused engagement across the EU and UK and roundtable discussion. This work has found that guidance and clarification on and within the regulation is crucial to effective implementation moving forward.

What is FGI and why is this cover important?

Everything you need to know about fidelity guarantee insurance

ACCA's response to FRED 84 Draft Amendments to FRS 102

ACCA welcomes the opportunity to respond to the FRC’s invitation to comment on the draft amendments to FRS 102. ACCA is supportive of the proposed amendments. ACCA has consistently been an advocate for improved reporting on poor payment practices.

ACCA's response to Scope 3 Emissions in the UK Reporting Landscape Call for Evidence

ACCA welcomes the opportunity to respond to the Department’s call for evidence on the benefits, costs, and practicalities of Scope 3 greenhouse gas (GHG) reporting in the UK.

Best practice for limiting liability to clients

Lockton sets out the do’s and the don’ts

Consultation: Annual Improvements to IFRS Accounting Standards - Volume 11

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for the IFRS Accounting Standards Annual Improvements Volume 11.

Consultation: Whole of Government Accounts 2020-21 Inquiry

ACCA welcomes the opportunity to respond to the Call for Evidence on the Whole of Government Accounts 2020-21.

Chancellor announces action on late payments

Measures were published today in the Prompt Payment Review

Business rates in England

Small business multiplier frozen while the 75% RHL relief will be extended

Cash basis expansion adds flexibility for businesses

Legislation will remove turnover restrictions and allow businesses to move from cash basis to accruals and back

An economic view of the Autumn Statement 2023

Measures to boost business investment and the supply side of the economy are encouraging, but the economic and fiscal outlook remains very challenging

IR35 and calculating PAYE liability in cases of non-compliance

New proposal likely to impact individuals who have been incorrectly determined as self-employed for the purposes of the off-payroll working rules

Making Tax Digital Small Business Review

Pledge to simplify and improve the MTD for ITSA system for taxpayers and their representatives

Skills and green policy disappointment

ACCA reacts to the Autumn Statement’s disappointing lack of support on both skills and green policy

Capital allowances and full expensing

Spring announcement on full expensing made permanent in Autumn Statement

Technical factsheet: Going concern and the alternative basis of accounts preparation for charities reporting under UK-Ireland Generally Accepted Accounting Practice (GAAP)

Aimed at trustees and treasurers of smaller charities and independent examiners, this Factsheet explores how and when to prepare charity accounts on an alternative basis to going concern.

ACCA UK Autumn Statement Survey 2023

Members voiced concerns including issues around accessing HMRC services

Consultation: Whole of Government Accounts 2020-21

Read ACCA's response to the UK Government's Public Accounts Committee

Consultation: APPG Accountancy as a STEM subject inquiry

ACCA welcomes the opportunity to respond to APPG Accountancy as a STEM subject inquiry. We believe that simplicity and open access for all are core considerations when considering the classification of subject areas, funding models, and career support for both individuals and organisations.

Consultation: FRC Revised Ethical Standard Key Changes

ACCA welcomes the opportunity to comment on the proposals issued by the FRC. We are pleased to note that the proposed changes reflect significant developments in the International Ethics Standards Board for Accountants (IESBA) Code since the FRC last revised the Ethical Standard in 2019 to ensure that the UK’s Ethical Standard mirrors as closely as possible the international code.

Consultation: 2024/25 Code of Practice on Local Authority Financial Reporting in the United Kingdom

ACCA welcomes the opportunity to respond to the Consultation on the 2024/25 Code of Practice on Local Authority Financial Reporting in the United Kingdom.

Consultation: IASB/RFI/2023/2 Post-implementation Review: IFRS 15 Revenue from Contracts with Customers

ACCA welcomes the opportunity to provide views in response to the IASB’s request for information for the post-implementation review of IFRS 15 Revenue from Contracts with Customers.

Important update for money-laundering reporting officers: new SAR portal

The current system will be decommissioned later this year

Minimising insurance premiums amid economic uncertainty

Read our tips on managing the renewal process

Consultation: Reform of Anti-Money Laundering and Counter Terrorism Financing Supervisory Regime

ACCA is a Professional Body Supervisor (PBS) for anti-money laundering (AML) in the UK. We welcome the opportunity to provide views on the government’s proposed reform of the AML and counter terrorism financing (CTF) supervisory regime, and the proposals for sanctions supervision.

Consultation: UK Corporate Governance Code

ACCA welcomes the opportunity to provide views in response to the Financial Reporting Council's public consultation

R&D: additional information

Almost half of claims submitted under the new rules are omitting the mandatory form and will be automatically rejected

Call for evidence on industry issues, regulatory issues and government policy issues relating to access to finance

Read ACCA's response to the Treasury Committee for SME Finance

ACCA’s comment letter for ISSB Request for Information 2023 Consultation on Agenda Priorities

ACCA welcomes the opportunity to provide views in response to the ISSB’s Request for Information Consultation on Agenda Priorities.

Consultation: smarter regulation non-financial reporting review

Read ACCA's response to the Department for Business and Trade, and the Financial and Reporting Council

Overseas entities

Registration deadline brings new risk for accountancy firms

ED Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates

ACCA welcomes the opportunity to provide views in response to the ISSB’s Exposure Draft ISSB/ED/2023/1 Methodology for Enhancing the International Applicability of the SASB Standards and SASB Standards Taxonomy Updates

Prohibition on provision of accountancy services to Russia

A summary of new regulations impacting on accountants

Ban on the provision of auditing services to Russia

The UK government has extended regulations

Consultation: Amendments to the Classification and Measurement of Financial Instruments

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for the proposed amendments to IFRS 9 and IFRS 7 in relation to Amendments to the Classification and Measurement of Financial Instruments.

Recent regulatory changes and insurance implications

New regulations have significant implications for accountants

Consultation: Guidelines for the Recognised Accountancy Bodies when performing the Approval and Registration function in respect of Statutory Auditors and Audit Firms

ACCA welcomes the opportunity to comment on the proposed Guidelines for the Recognised Accountancy Bodies (RABs) when performing the Approval and Registration function in respect of Statutory Auditors and Audit Firms.

Consultation: Simplifying and modernising HMRC’s Income Tax services through the tax administration framework

ACCA's response to Simplifying and modernising HMRC’s Income Tax services through the tax administration framework

Consultation: ED International Tax Reform - Pillar Two Model Rules Proposed amendments to the IFRS for SMEs Standard

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for International Tax Reform – Pillar Two Model Rules: Proposed amendments to the IFRS for SMEs Standard (hereinafter referred to as the ‘ED’).

People errors – how to alleviate insurers’ concerns

Be wise to what insurers are looking at when it comes to your employees’ wellbeing

Essential guide to producing sustainable products and services

Making your products and services more sustainable can protect your livelihood as well as the planet

Essential guide to reducing pollution and waste

For many businesses, pollution and waste are among the most important environmental impacts – and ones that can be relatively easy to control

Essential guide to introducing an environmental management system

An environmental management system (EMS) allows you to monitor and control the effect your business has on the environmen

Essential guide to conducting an environmental review

Reducing the environmental impact of your business isn't just the right thing to do or a question of meeting your legal obligations

Essential guide to environmental business travel

Reducing your carbon footprint is a growing priority for consumers and businesses alike, and a green transport strategy is an essential part of any business' green credentials

Essential guide to running an eco-friendly business

Every business can benefit from minimising its environmental impact. Complying with environmental laws and doing your bit to help the planet also delivers direct business benefits. Reducing waste has an immediate effect on your bottom line. Customers and other business partners prefer to work with firms that are environmentally responsible. A reputation for taking the right approach can be a key competitive differentiator for you.

Cyber attacks: a growing threat

Make sure that your business is ready for the challenges

Consultation: IESBA Exposure Draft on Proposed Revisions to the Code Addressing Tax Planning and Related Services

ACCA welcomes the opportunity to provide views in response to the IESBA Exposure Draft on Proposed Revisions to the Code Addressing Tax Planning and Related Services (hereinafter referred to as the ‘ED’). We hope that our comments, which reflect feedback from our ACCA Global Forum for Ethics and ACCA Global Forum for Taxation, are a helpful contribution to this process.

The Enhancement and Standardization of Climate Related Disclosures for Investors

ACCA's response to the Proposed rule amendments for public comment issued by Securities and Exchange Commission in March 2022 on the Enhancement and Standardization of ClimateRelated Disclosures for Investors

Consultation: Proposed amendments to Audit Enforcement Procedures

ACCA welcomes the opportunity to comment on The Audit Enforcement Procedure Consultation on Proposed Amendments to the procedure and related guidance (Consultation Document) issued by the Financial Reporting Council (FRC) on 3 April 2023.

Consultation: Amendments to the Payment Practices and Performance Regulations 2017

Read ACCA's response to the UK government's public consultation

Consultation: Statutory Review of the Small Business Commissioner

Read ACCA's submission to the Department for Business and Trade

Consultation: FRED 82 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs – Periodic Review

ACCA welcomes the opportunity to provide views in response to the FRC’s exposure draft (ED) (‘FRED 82’) for draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs (‘the Standards’) – Periodic Review

Consultation: IAASB's Strategy and Work Plan 2024-2027 

ACCA welcomes the IAASB’s Proposed Strategy and Work Plan 2024 – 2027 and commends the IAASB for its significant standard setting progress during the last few years across numerous projects such as ISA for LCE, Audit Evidence, Fraud, Going Concern, Sustainability Assurance etc. all of which are of responsive to public interest demands.

Sustainability Reporting in the Public Sector

As IPSASB undertakes research and scopes three sustainability reporting projects, our roundtables of experts with a strong interest in public sector sustainability reporting explored the key issues.

Exposure Draft CIPFA/ED/2022/1 International Non-Profit Accounting Guidance

ACCA welcomes the opportunity to provide views in response to CIPFA’s Exposure Draft CIPFA/ED/2022/1 International Non-Profit Accounting Guidance (INPAG) Part 1 (hereinafter referred to as ‘ED1’). This response has been drafted with the assistance of ACCA’s Global Forum for Corporate Reporting.

HMRC R&D Tax Relief Reform consultation

ACCA welcomes the opportunity to provide views on the design of a single R&D tax relief scheme in response to a consultation issued jointly by HMT and HMRC. We would like to see both small to medium sized enterprises (SMEs) and large businesses fairly represented in the final scheme.

Mitigating fraud risk as recession bites

Be alive to risks inside – and outside – businesses

Exposure Draft - International Tax Reform — Pillar Two Model Rules (Proposed amendments to IAS 12)

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for International Tax Reform – Pillar Two Model Rules: Proposed amendments to IAS 12 (hereinafter referred to as the ‘ED’). This was done with the assistance of ACCA’s Global Forum for Corporate Reporting and Global Forum for Taxation.

Public consultation on the Corporate Sustainability Directive - DETE

ACCA welcomes the opportunity to provide feedback on the member state implementation of the Corporate Sustainability Reporting Directive (CSRD). ACCA is strongly supportive of the CSRD and believes it will significantly elevate the corporate reporting landscape, ensuring meaningful environmental, social and governance data on an organisation’s value chain.

Spring Budget 2023 representation

ACCA advises Chancellor of members’ priorities ahead of 15 March

Exposure draft (ED) on the Third edition of the IFRS for SMEs Accounting Standard

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for the third edition of the IFRS for SMEs Accounting Standard

Draft guidance: Research and Development (R&D) tax reliefs

ACCA welcomes the opportunity to comment on the proposals issued by HMRC. We have consulted our members through surveys and expert interviews and their views are represented in the following response.

Taking note of international developments in non-profit financial reporting

International developments could well affect the future of non-for-profit reporting in the UK and Ireland post-2025

FRC's Draft Minimum Standards for Audit Committees

ACCA welcomes the opportunity to comment on the proposals issued by the FRC. The ACCA Global Forums for Audit and Assurance, and for Governance, Risk and Performance have considered the matters raised and their views are represented in the following response.

Removal of PII cover by liquidators

Why run-off cover is so important to accountants

Draft guidance on R&D tax reliefs issued

Comments on the new proposals are welcomed

HMRC consultation on changes to statistics publications

ACCA welcomes the opportunity to comment on the proposals issued by HMRC. Broadly, the improvements appear to be reasonable in ‘tidying-up’ HMRC’s statistical publications.

Welsh government draft Budget: the key points

An at-a-glance overview of changes to the three devolved Welsh taxes

Professional Conduct in Relation to Taxation (PCRT)

Professional Conduct in Relation to Taxation (PCRT) sets out the professional standards that are expected of a member when undertaking tax work.

Independent review of the skills delivery landscape in Scotland

Read ACCA's submission to the public consultation issued by the Scottish Government

Review of the future of qualifications and assessment in Scotland

Read ACCA's submission to the Scottish Government's public consultation

Proposal to Revise ISA (Ireland) 600 Special Considerations - Audits of Group Financial Statements (Including the Work of Component Auditors)

ACCA welcomes the opportunity to respond to the Proposal to Revise ISA (Ireland) 600 Special Considerations - Audits of Group Financial Statements (Including the Work of Component Auditors)

Technical factsheet: property tax

Our comprehensive factsheet covers all aspects of property tax, from VAT, property income and dealing with developers to CGT, SDLT and dealing with issues around separation and divorce

Northern Ireland consultation with the Small Business Commissioner

An SME and SMP roundtable consultation in Northern Ireland with the UK Small Business Commissioner, addressing a range of issues in Northern Ireland from skills shortages to late payment.

ACCA's response to IAASA revised policy paper on publication of information regarding its financial reporting supervision activities

ACCA welcomes the opportunity to respond to the Proposed Policy Paper on Publication of Information Regarding IAASA’s Financial Reporting Supervision Activities.

Essential guide to... basic bookkeeping

Members can use this essential guide to basic bookkeeping to make the most of rising demand

Essential guide to... income tax self-assessment

Many tax payers are affected by self-assessment, including the self-employed and high earners

Essential guide to... annual accounts

Members can use this essential guide to annual accounts to make the most of rising demand

Essential guide to... basic accounting

Members can use this essential guide to basic accounting to make the most of rising demand

ESG reporting for smaller charities

Advice for trustees embarking on their environmental, social and governance journeys

Technical factsheet: am I AML compliant?

Our checklist includes the controls that firms must have in place to ensure that they are compliant with the Money Laundering Regulations

Funding the Audit, Reporting and Governance Authority - FRC consultation

ACCA welcomes the opportunity to comment on the FRC’s proposals for funding the Audit, Reporting and Governance Authority (ARGA).

2023/24 Code of Practice on Local Authority Accounting in the United Kingdom

ACCA welcomes the opportunity to respond to the CIPFA LASAAC Local Authority Accounting Code Board (CIPFA LASAAC).

HMRC's consultation on improving data collected from customers

ACCA welcomes the opportunity to respond to HMRC’s consultation on Improving the data HMRC collects from its customers.

DfE's Skills for Jobs: Implementing a new FE funding and accountability system - consultation response

ACCA welcomes the opportunity to respond to the Department for Education’s consultation on Skills for Jobs: Implementing a new FE funding and accountability system.

Keeping professional indemnity insurance costs at bay

Tips to help your firm better control its costs

UKBE call for comments on Draft Endorsement Criteria Assessment of narrow-scope amendments issued 2021

ACCA's response to UKBE's Draft Endorsement Criteria Assessment of narrow-scope amendments issued 2021 (with an effective date of 1 January 2023)

IAASB's Exposure Draft proposed narrow scope amendments to ISA 700 and ISA 260 - consultation response

This submission is made jointly by Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA) under our strategic alliance.

FCA consultation paper on Office for Professional Body Anti-Money Laundering Supervision: Sourcebook update

ACCA's response to the FCA's consultation paper on Office for Professional Body Anti-Money Laundering Supervision: Sourcebook update

Digitalising Business Rates: connecting business rates and tax data

ACCA's response to HMRC's consultation on Digitalising Business Rates

Technical factsheet: accounting for cryptocurrencies

the accounting aspects for cryptocurrencies can be confusing as there is no specific accounting standard in this area