The Pensions Research Accountants Group (“PRAG”) has released the Statement of Recommended Practice, Financial Reports of Pension Schemes 2026 (the “2026 SORP”) and their Press Release includes: “The final 2026 SORP has been released onto the member section of the PRAG website / Member area / Publications and it is required to be adopted for […]
We have moved!
It’s that time of the year again when we send out our “course nominations” to HAT member firms whose students / staff have previously attended one of our courses, but bookings are also now open for any other HAT member or non-member Accountancy / Audit practices that would like to make use of our extensive […]
The Charity Commission has provided a summary update regarding changes, brought about by the Charities Act 2022, which came into effect on 1 June and include: “Selling, leasing or otherwise disposing of charity land: Charities must comply with certain legal requirements before they dispose of charity land. Disposal can include selling, transferring or leasing charity […]
The Charity Commission has published findings of an inquiry, which includes: “The Commission concluded that the charity’s trustees had failed to fulfil their duties to protect the charity and its assets and failed to demonstrate any effective oversight of senior staff leading to the serious misconduct and / or mismanagement, including misuse of funds and […]
Following on from a recent update by the Solicitors Regulation Authority (“SRA”) regarding the provision of banking facilities, an ICAEW Disciplinary Update has advised the following: “A member was severely reprimanded and fined £12,250. The member was the responsible individual for the preparation of Solicitors Regulation Authority (SRA) Accountant’s Reports submitted for a client for […]
In a recent publication the Information Commissioner’s Office (ICO) is asking accountants to step up in helping their SME clients navigate the existing (and future) complex data protection legislation. The ICO says “UK accountants should recognise the crucial role they play in helping their SME clients establish the correct data protection practises from the day […]
We are getting lots of questions about the new Quality Management Standards and actions firms should be taking: What is the objective of ISQM (UK) 1? ISQM (UK) 1 replaces ISQC (UK) 1. Both standards aim to ensure that your firm has appropriate policies and procedures to support R.I.s and others to produce effective and […]
