Consultation: UK Stewardship Code Consultation

ACCA welcomes the opportunity to respond to the Financial Reporting Council’s Stewardship Code Consultation.

Response to the Spending Review 2025 (Phase 2)

Read ACCA's comments on behalf of members

Accounting for a better world: An ACCA policy prospectus for the Republic of Ireland

ACCA lays out a plan for a thriving economy: a sustainable and just transition, and a framework for growth

Consultation: Tax Administration Framework Review – new ways to tackle non-compliance

Read ACCA's response

Local audit reform: a strategy for overhauling the local audit system in England

ACCA welcomes the opportunity to respond to the Ministry of Housing, Communities and Local Government’s public consultation on reforming local audit in England.

Consultation: TNFD discussion paper on Nature Transition Plans

ACCA welcomes the opportunity to provide views in response to the Taskforce on Nature-related Financial Disclosures (TNFD) discussion paper on ‘Nature Transition Plans’.

Trade Strategy: comments to the UK Department for Business and Trade

Glenn Collins, head of technical and strategic engagement, and Gemma Gathercole, strategic engagement lead, responded to the consultation

Consultation: IASB’s exposure draft (ED) for the Equity Method of Accounting

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for the Equity Method of Accounting – IAS 28 Investments in Associates and Joint Ventures (revised 202x).

Consultation: Preferential Tax Regimes for Privately-offered Funds, Family-owned Investment Holding Vehicles and Carried Interest

ACCA welcomes the opportunity to provide views in response to the consultation paper issued by the Financial Services and the Treasury Bureau (“FSTB”) on the proposed scheme to enhance the preferential tax regimes for the asset and wealth management industry.

Consultation: IASB/ED/2024/6 Climate-related and Other Uncertainties in the Financial Statements

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for Climate-related and Other Uncertainties in the Financial Statements. Our response has been developed with the assistance of ACCA’s Global Forum for Corporate Reporting.

Consultation: Invest 2035: The UK's Modern Industrial Strategy

ACCA is supportive of what Government is seeking to achieve through the industrial strategy and look forward to reviewing the developed plans as they become available.

Consultation: IASB's survey on accounting for intangibles

ACCA welcomes the opportunity to provide views in response to the IASB’s invitation to take part in its short survey on the requirements for reporting on intangibles in financial statements.

Consultation: Roadmap Report for Adoption of IFRS Sustainability Disclosure Standards in Kenya

ACCA is pleased to receive this opportunity to provide its views in response to ICPAK’s request for comments on the Roadmap for Adoption of IFRS Sustainability Disclosure Standards in Kenya. We commend ICPAK for its initiative in committing to adopt the standards. This consultation response further highlights ACCA’s commitment to supporting ICPAK in implementing sustainability standards in Kenya.

Consultation: IASB’s ED Amendments to IFRS 19

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures. Our response has been developed with the assistance of ACCA’s Global Forum for Corporate Reporting.

Consultation: IASB’s ED Translation to a Hyperinflationary Presentation Currency

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for Translation to a Hyperinflationary Presentation Currency. Our response has been developed with the assistance of ACCA’s Global Forum for Corporate Reporting.

Consultation: Exposure draft Standards for Labor Set 1

ACCA welcomes the opportunity to provide views in response to the exposure drafts for the first phase ‘Employment practices and conditions’ of the GRI Topic Standards Project for Labor comprising the Employment (EMPL) exposure draft, Remuneration and Working Time (REWO) exposure draft, Significant Changes for Workers (SICH) exposure draft, and Control of Work Standard Interpretation to GRI 2 exposure draft.

Consultation: EU's targeted consultation on AI in the financial sector

ACCA welcomes the opportunity to respond to this consultation. Our overall response to this consultation is informed by the fact that we are public interest body in the education sector with members and students in accountancy and finance.

IFRS 18 Presentation and Disclosure in Financial Statements

ACCA welcomes the opportunity to respond to The UK Endorsement Board's public consultation on IFRS 18 Presentation and Disclosure in Financial Statements. ACCA's work in influencing relevant policy and regulation and our qualification and education products are developed to equip our members and future members.

Ireland's consultation on the European Union’s Traineeships Directive

ACCA welcomes the European Union’s Traineeships Directive as a significant initiative aimed at enhancing the working conditions of trainees and preventing the misuse of traineeships as substitutes for regular employment. Recognizing the vital role that traineeships play in developing accounting and finance professionals, we support this directive as a positive step toward fostering a skilled and motivated workforce across Ireland and the broader European Union.

Consultation: IoD Code of Conduct for Directors

ACCA welcomes the opportunity to respond to this consultation on the Code of Conduct for Directors, developed for the IoD by a Commission chaired by Lord McNicol of West Kilbride. While we believe this Code of Conduct could be an effective tool to help directors make better decisions, in this response we provide suggestions for making it more practical.

ACCA response to IFAC Exposure Draft on IES 6

ACCA responds to IFAC Exposure Draft - Proposed Revisions to IES 6 - Initial Professional Development, Assessment of Professional Competence

ACCA response to IFAC Exposure Draft on IES 2, 3 and 4

ACCA responds to IFAC Exposure Draft - Proposed Revisions to IES 2, 3 and 4 - Sustainability

Consultation: AI Cyber Security Code of Practice

ACCA welcomes the opportunity to comment on the open call for evidence issued by DSIT, UK. We support the importance and need for a trusted1 eco-system for AI and commend this initiative particularly given the rapid developments in AI globally, and the heightened cybersecurity considerations linked to this.

IASB ED/2024/3 Contracts for Renewable Electricity

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for Contracts for Renewable Electricity. Our response has been developed with the assistance of ACCA’s Global Forum for Corporate Reporting.

Consultation: Draft CEAOB non-binding guidelines on limited assurance on sustainability reporting

ACCA commends the CEAOB for issuing the draft non-binding guidelines and welcomes the opportunity to provide our comments.

Public consultation on Member State Option to introduce Independent Assurance Services Provider (IASP)

ACCA supports the proposal that Ireland facilitates the licencing of Independent Sustainability Assurance Services Provider (ISASP). However, we emphasise that the education and ethical requirements, accreditation, regulation and monitoring of ISASPs must be aligned to those required for statutory auditors who are licenced as SASPs.

Exposure Draft: Addendum to Third edition of IFRS for SMEs Accounting Standard

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for Addendum to Third Edition of IFRS for SMEs Accounting Standard that aims to amend Section 7 and Section 30 of the IFRS for SMEs Accounting Standard (the ‘Standard’). Our response has been developed with the assistance of ACCA’s Global Forum for Corporate Reporting.

IASB ED/2024/1 Business Combinations – Disclosures, Goodwill and Impairment

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for Business Combinations – Disclosures, Goodwill and Impairment that aims to provide better information about the performance of business combinations and to improve the approach for testing cash-generating units (CGUs) containing goodwill for impairment. Our response has been developed with the assistance of ACCA’s Global Forum for Corporate Reporting.

Consultation: Public Consultation on Sustainability Disclosures (IFRS S2 ISSB)

ACCA welcomes the opportunity to respond to the CVM’s public consultation on Minuta Pronunciamento Técnico from the Comitê de Brasileiro de Pronunciamentos de Sustentabilidade (CBPS) nº 01 and nº 02 regarding climate-related disclosures based on the International Sustainability Standards Board (ISSB) IFRS S1 and S2, respectively. ACCA has consistently advocated for a global approach to the development of sustainability disclosure standards. We fully support the role of the International Sustainability Standards Board in setting a consistent and comparable global baseline for sustainability reporting around the world.

Consultation: Non Financial Reporting review: simpler corporate reporting

ACCA welcomes the opportunity to respond to the UK Department for Business and Trade call for evidence titled: Non-financial reporting review: simpler corporate reporting

Consultation: Technical standards on the Euopean Green Bond Regulation

ACCA and CISI, appreciate the opportunity to contribute to European Securities and Markets Authority’s Draft Regulatory Technical Standards related to the registration and supervision of external reviewers under the EU Green Bond Regulation. As stakeholders with a global membership including across the EU, we recognise the critical role green bonds play in financing assets for the low-carbon transition. We commend the ESMA’s aim to standardise registration requirements and contribute to developing a level playing field through lower entry costs for applicants. We look forward to further engagement and collaboration with stakeholders to refine and implement these regulations effectively.

ACCA: Priorities for the EU 2024 – 2029

ACCA is pleased to present its policy recommendations for the EU 2024 – 2029 on Sustainability, AI and Talent

Consultation: Canadian Sustainability Disclosure Standards

ACCA welcomes the opportunity to respond to the CSSB’s Canadian Consultation on Adoption of CSDS 1 and CSDS 2 based on IFRS S1 and IFRS S2.

Consultation: Improving the effectiveness of the Money Laundering Regulations

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 proposals to improve the effectiveness of the Money Laundering Regulations (MLRs).

Accounting for a better world: An ACCA policy prospectus for the UK

ACCA lays out a plan for a thriving economy: a sustainable and just transition, and a framework for growth

Consultation: Chartered IIA Internal Audit Code of Practice draft

ACCA welcomes the IIA’s Proposed Global Internal Audit Standards and commends the IIA for moving forward with the revisions. We are very pleased that the IIA’s revisions also aim to enhance the Internal Audit profession’s role in the public interest.

Consultation: HMRC call for evidence on Raising standards in the tax advice market

ACCA welcomes the opportunity to respond to the HMRC call for evidence on Raising standards in the tax advice market: strengthening the regulatory framework and improving registration.

Consultation: Exposure Draft on International Ethics Standards for Sustainability Assurance

ACCA welcomes the opportunity to respond to IESBA's Exposure Draft on International Ethics Standards for Sustainability Assurance

Consultation: Voluntary ESRS for non-listed Small And Medium Sized Enterprises

ACCA welcomes the opportunity to comment on the draft Voluntary ESTS for Non-Listed Small and Medium Sized Enterprises (VSME). We have also fed into the responses submitted by EFAA and Accountancy Europe and agree with the stances taken; this written submission sets out ACCA’s position on the standard, given our other joint submissions.

Consultation: HMRC calls for evidence on the Tax Administration Framework Review

ACCA welcomes the opportunity to respond to the HMRC calls for evidence on the Tax Administration Framework Review: enquiry and assessment powers, penalties, safeguards

Consultation: Whole of Government Accounts 2021-22

ACCA welcomes the opportunity to respond to the Call for Evidence on the Whole of Government Accounts 2021-22 (WGA).

Consultation: Exposure Draft on Using the Work of an External Expert

ACCA welcomes the opportunity to respond to IESBA's Exposure Draft on Using the Work of an External Expert

Consultation: Proposal to adopt a sustainability assurance standard in Ireland

ACCA welcomes the opportunity to respond to IAASA’s public consultation on the Proposal to Adopt a Sustainability Assurance Standard in Ireland.

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

ACCA welcomes the opportunity to respond to the CIPFA/LASAAC Local Authority Code Board public consultation on short term England-only measures to aid the recovery of local authority reporting and audit.

Consultation: IASB/ ED/2023/5 Financial Instruments with Characteristics of Equity

ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for Financial Instruments with Characteristics of Equity that aims to improve the requirements for classifying financial instruments with ‘debt-like and equity‑like characteristics’ and to improve the information an entity provides on such instruments.

Consultation: Malaysia's National Sustainability Reporting Framework

ACCA commends the Advisory Committee on Sustainability Reporting (ACSR) on the development of the Proposed National Sustainability Reporting Framework (NSRF) involving the adoption of International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards – specifically IFRS S1 and S2. We further commend ACSR on inviting public feedback on the proposed framework through a formal consultation process. This is critical towards fostering trust and transparency in the framework and positively shaping the journey of sustainability reporting in Malaysia.

Consultation: A world-class education system: The Advanced British Standard

ACCA welcomes the opportunity to respond to the Department of Education's consultation on The Advanced British Standard, which presents an opportunity to ensure the 16-19 education system is world leading and that every young person, regardless of their socio-economic background, location, or circumstances can reach their potential and gain both the knowledge and skills they need to thrive in a major global economy.

Consultation: Implementation of Global Minimum Tax and Hong Kong Minimum Top-up Tax

ACCA welcomes the opportunity to provide views in response to the consultation paper issued by the Financial Services and the Treasury Bureau (“FSTB”) on the proposed scheme to implement global minimum tax and Hong Kong minimum top-up tax. Our response is based on feedback from our Hong Kong Tax Committee and our wider network of international tax experts.

Consultation: Model AI Governance Framework for Generative AI

ACCA welcomes the opportunity to comment on the proposed framework issued by IMDA Singapore and Verify Foundation, Singapore. We support the importance and need for a trusted eco-system for AI and commend this initiative particularly given the rapid developments in using generative AI globally.

Consultation: Roadmap Report for Adoption of ISSB Disclosure Standards in Nigeria

ACCA welcomes the opportunity to provide views in response to the ARWG’s call for comments on the Roadmap Report for Adoption of IFRS Sustainability Disclosure Standards in Nigeria. We commend the Federal Reporting Council of Nigeria (FRCN) for being a first mover in committing to adopting the standards and leading the implementation efforts of the ARWG, wherein ACCA is represented.