Financial and Accounting News

• 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 ...
• December 28, 2019 KPMG has Replaced PwC as the New Auditor to the Broadcaster ITV FTSE 100 firm ITV has replaced KPMG with PwC as its external auditor for the financial year ending December 31, 2021. The decision of appointing PwC as ITV’s new auditor has been taken after the media group’s ...
• October 15, 2019 Leading UK Furniture Business Collapses into Administration Triumph Furniture Ltd, one of the largest manufacturers of furniture in the UK, has collapsed after an unprecedented drop in sales over the last few weeks. The furniture company, with bases in Dowlais amd Merthyr ...