Financial and Accounting News

• August 31, 2020 Audit Fees for FTSE 100 Companies Hit £911m Fees for audit services at FTSE 100 companies reached a new high, totaling to £911m in 2019 compared to £892m in 2018. This increase in audit fees is mainly due to pressure exerted on firms by regulators and clients to ...
• August 29, 2020 PwC Declines Proposed Audit Role at Russian Gold Mining Company PwC has recently announced that it will not be able to accept its proposed appointment as external auditor to the Russian gold mining company Petropavlovsk, citing governance issues. The big four firm was selected ...
• July 31, 2020 IASB has Deferred Amendments made to IAS 1 The International Accounting Standards Board (IASB) has decided to defer the effective date by one year of amendments to International Accounting Standard (IAS) 1 Presentation of Financial Statements regarding the ...
• July 23, 2020 Treasury Planning to Regulate Cryptoasset promotions The Treasury is consulting regarding plans to regulate promotion of specific cryptoassets through Financial Conduct Authority (FCA) in order to strengthen its role in approving promotions by unauthorised firms. ...
• July 23, 2020 NAO Deepens Analysis of Government Spending The National Audit Office (NAO) has reviewed expenditure amounting to £1.7 trillion incurred by the UK government in the past year, and also reported that its work resulted in positive financial impact of £1.1bn. ...
• July 22, 2020 IASB issues amendments to IFRS 17 Amendments to IFRS 17, Insurance Contracts, has been issued by the International Accounting Standards Board (IASB) to address implementation concerns and challenges identified after it was first introduced in May ...
• March 20, 2020 ReadyRatios integration with QuickBooks Online Importing accounting data from QuickBooks is easy with the new feature in ReadyRatios financial analysis.
• March 4, 2020 BDO Replaces KPMG as the Logistics Firm External Auditor A logistics management specialist Wincanton has replaced KPMG with BDO as its new external auditor for the financial year ending March 31, 2021. The decision of appointing BDO as the company’s new external auditor ...
• March 3, 2020 Global Ethics Code Playing Catch Up with Latest Technology Developments The International Ethics Standards Board for Accountants (IESBA) is set to make amendments to the code of ethics in response to the impact of changes caused by ground breaking technological innovations. The IESBA ...
• December 28, 2019 Regulator Launches an Inquiry into Operations of a Birmingham Based Charity The Charity Commission has initiated an inquiry into a charity named Jamia Alfurqan Ltd after serious concerns with regards to the charity’s operations and management were raised by the Police. The inquiry is ...