BEIS consultation on the Independent Review of the FRC

Initial consultation on the recommendations by the Department for Business, Energy & Industrial Strategy (BEIS).

Transposition of the Fifth Money Laundering Directive: consultation

A public consultation issued by HM Treasury. Comments from ACCA to HM Treasury

Independent Review into the quality and effectiveness of audit - call for views

We welcome Sir Donald Brydon’s independent review into the quality and effectiveness of audit. It is vital that the UK economy has efficient and effective capital markets and there is confidence in the corporate framework through greater transparency which works in the context of a global economy.

Business Resources for Ireland

Access a wide range of Irish Business Resources from our partners using the 'Related Documents', including guidance on: common contractual clauses, protecting trademarks, designs and copyright; transfer of undertakings and the fast track planning process.

Off-payroll working response

Comments from ACCA to HMRC’s policy consultation on off-payroll working rules in the private sector from April 2020, in May 2019

IAASB Proposed Strategy for 2020-23 and Work Plan for 2020-21

ACCA and CA ANZ joint response to IAASB's Proposed Strategy for 2020-23 and Work Plan for 2020-21

Anti-money laundering guidance

Anti-money laundering guidance.

Insights into Integrated Reporting

The Insights into Integrated Reporting series is based on our observations from reviewing the integrated reports produced by organisations in the IIRC’s Business Network. Each year, the companies in the Business Network can send their latest integrated reports for review by an Specialist Panel which ACCA convene jointly with the IIRC.

Business reporting of intangibles: realistic proposals

ACCA welcomes the opportunity to provide views in response to the FRC’s Discussion Paper on the business reporting of intangibles. This has been done with the assistance of members of ACCA’s Global Forum for Corporate Reporting.

Representing members

This page lists recent representation and submissions made by ACCA and CCABI on members behalf

Foreign exchange hedging resources

Guidance on how to minimise the foreign exchange risk for business.

Recovering the costs of the Office for Professional Body Anti-Money-laundering Supervision (OPBAS): further consultation on fees structure

ACCA welcomes the opportunity to provide feedback on FCA's proposed fee-rate for OPBAS 2019/20.

Onerous contracts: costs of fulfilling a contract (amendments to IAS 37)

ACCA welcomes the opportunity to provide views in response to the IASB's proposed amendments to IAS 37. This has been done with the assistance of members of ACCA’s Global Forum for Corporate Reporting.

Welsh rates of income tax (WRIT)

The Welsh rates of income tax (WRIT) will come into effect from 6 April 2019

Reporting payroll: non-banking days

What to do when you pay your employees at a different time

FRED71 draft amendments to FRS102: Multi-employer defined benefit plans

Exposure draft issued for comment by the Financial Reporting Council in January 2019

Finance Act 2019: overview

In our downloadable overview, we highlight some of the main areas and impact of the Finance Act 2019.

Making Tax Digital for VAT: frequently asked questions

From April 2019, most VAT-registered businesses with a taxable turnover above £85,000 must follow the rules for MTD for VAT. There are many reasons why some businesses may not be able to comply with the rules and so it is worth recapping and discussing the exemptions that are available. For more details, download our factsheet of frequently asked questions.

Proposed International Standard on Related Services 4400 (Revised), Agreed-Upon Procedures Engagements

ACCA CA ANZ joint response to IAASB's proposed International Standard on Related Services 4400 (Revised)

Technical factsheet: Payment Services Regulations 2017

The Payment Services Regulations 2017 (PSRs 2017) came into force on 13 January 2018 and are now the main piece of legislation governing payment services in the UK. PSRs 2017 bring the European Payments Law, known as PDS2 (second Payments Directive), into UK law.

ACCA response to HM Treasury and HMRC Digital Services Tax consultation

ACCA welcomes the opportunity to provide views in response to HM Treasury on digital services tax (DST).

International Public Sector Conference 2019: papers

Here we present the three successful papers submitted for the ACCA International Public Sector Conference 2019.

Freedom of movement to live and work during the transitional period and beyond

Download our factsheet on how freedom of movement will be affected in the event of no deal

Importing and exporting in a no-deal Brexit scenario

Download our factsheet to find out how import and export will be affected by no deal

Further no-deal guidance – directory and materials

Download our factsheet for links to useful information on a range of issues affected by no deal

Making Tax Digital for VAT bridging software: a practical guide

With the Making Tax Digital deadline only few weeks away, ACCA and QuickBooks are working together to support firms with their final preparations.

Corporate Transparency and Register Reform: Consultation response

Consultation response on options to enhance the role of Companies House and increase the transparency of UK corporate entities

Integrated reporting in Turkey - current situation, stakeholders' perceptions and expectations

This is a joint research, carried out by ACCA, CFGS and KPMG Turkey and aims to reveal views of the Turkish business world regarding integrated reporting and corporate reporting practices.

Technical factsheet: guidance on access to information by successor auditors

Guidance on the procedure expected to be followed by ACCA members and member firms whenever the office of statutory auditor changes (and access to information held by the predecessor auditor) is sought.

Guidance on winning business and accountancy awards

In the ACCA awards factsheet you can find guidance on the attributes of a good awards entry, how to maximise the impact of entering and some of the awards firms may wish to enter. Practitioners may also wish to help clients enter awards.

Call for feedback: report on climate-related disclosures by the Technical Expert Group on Sustainable Finance

ACCA welcomes the opportunity to provide views in response to the Technical Expert Group on Sustainable Finance's report on climate-related disclosures.

Business and economic outlook report 2019

This report is jointly commissioned by MIA (Malaysian Institute of Accountants) and ACCA (Association of Chartered and Certified Accountants) to provide insights into the collective view of accountants and finance professionals on the business and economic outlook for Malaysia in 2019.

Proposed internal governance rules

ACCA is grateful for the opportunity to respond to the consultation paper published by the LSB, and for the continuing discussions between our two organisations. This response has been prepared in consultation with the Chairman of ACCA's Regulatory Board.

Costing property development inventories

The extent and timing of profit recognition has always been a difficult area of judgement for property development. IFRS15 has during 2018 been changing the way revenue has been recognised in financial reports.Equally significant for profit is the measurement of the costs to allocate against the revenue.Angus Thomson a staff member at the Malaysian Accounting Standards Board has prepared technical advice for ACCA on some questions around the cost of property development inventories and its allocation as cost of sales.

Engagement letters - updates and changes

ACCA has produced a series of engagement letter templates for use in the UK

SORP for limited liability partnerships

The CCAB has published a new edition of the LLPs SORP

Financial instruments with characteristics of equity

ACCA welcomes the opportunity to provide views in response to the IASB's Discussion Paper on financial instruments with characteristics of equity.

Tax as a force for good: rebalancing our tax systems to support a global economy fit for the future

On 27 February 2019, ACCA and Deloitte jointly organised an event in Brussels called Tax as a force for good: rebalancing our tax systems to support a global economy fit for the future, in order to explore how shifting tax from labour to natural resource use, pollution and consumption could help meet the goals of the Paris Climate Agreement, the UN Sustainable Development Goals (SDGs) and an inclusive, circular economy.

Self-assessment exclusions

There are ongoing problems with the SA tax calculator

The impact of Digital and Artificial Intelligence on audit and finance professionals: harnessing the opportunities of disruptive technologies

To address the myths and fears around AI and the role of humans in the value chain, ACCA and EY held a lively roundtable on how to harness the opportunities offered by these new disruptive technologies.

Recovering the costs of the Office for Professional Body Anti-Money Laundering Supervision (OPBAS): proposed fee rates for 2018/19

Comments from ACCA on consultation paper CP18/32 Published by the Financial Conduct Authority (FCA).

Tax as a force for good: rebalancing our tax systems to support a global economy fit for the future

Considering the challenges societies are facing today, it is time to rebalance our tax systems and use tax as a force for good.

HMRC podcasts

HMRC has launched a suite of podcasts

Making tax digital: pilot communication

Members should be aware that HMRC is contacting clients directly about their MTD obligations

Exposure Draft, ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement

ACCA CA ANZ joint response broadly supports the proposed methodology, which we believe has the capacity to enhance the auditor’s risk assessment procedures, and therefore increase audit quality.

Statutory audit market study

Comments from ACCA to a public consultation issued by the Competition & Markets Authority.

IFRS 15 – revenue recognition steps

The five revenue recognition steps of IFRS 15 and how to apply them.

Budget 2018

Find out all you need to know about the Budget with our special issue of In Practice

Scale-ups: converting vision into strategy and governance

On 28 November 2018, ACCA, Barclays, ecoDa and SMEunited organised an event on Scale-Ups: converting vision into strategy and governance, to discuss how policy-makers, investors and corporates can support high-growth companies in Europe.

Amending HMRC's Civil Information Powers

Comments from ACCA to a public consultation issued by HM Revenue & Customs.