We are delighted to announce a new partnership with MyWorkpapers which will see the HAT methodologies made available through their cloud platform. The Press Release can be found here MyWorkpapers is an industry-proven, born-in-the-cloud platform delivering innovative digital workpapers. MyWorkpapers unlocks all the benefits of the cloud in terms of remote and multi-site working, business […]
Our suite of Corporate Manuals has been updated as part of our annual update cycle. The key driver of the update is the revision to a number of Auditing Standards, with the following being the areas of most significant change: ISA (UK) 540 Auditing Accounting Estimates and Related Disclosures ISA (UK) 570 Going Concern ISA […]
The process of submitting qualified SRA Accountants Reports to the Solicitors Regulation Authority has been amended. Reports should now be submitted via a mySRA account as detailed here.  Although the responsibility for submitting the report has, and will continue to lie with the solicitor, many Reporting Accountants submit the report on their client’s behalf. We […]
Our colleagues at CaseWare are hosting a virtual Client Conference next week, with web based sessions throughout the week, covering current developments in Audit, Accounts and their Xtend collaboration tool. More details are available here.   
The CCAB has issued draft Anti-Money Laundering and Counter-Terrorist Financing Guidance for the Accountancy Sector, which is summarised as follows: “This is draft guidance pending approval from HM Treasury, published in September 2020.  It is based on the law and regulations as of 10 January 2020.  Please note that some of the requirements of the […]
The FCA has published an open letter from Christopher Woolard, Interim Chief Executive, to senior partners and directors of audit firms to remind auditors of their duty to report, without delay, directly to the FCA.  It highlights that: “In the current financial climate, it is vitally important that auditors are mindful of their reporting duties […]
The Financial Reporting Council (FRC) have released a proposed amendment to FRS 102/ FRS 105 dealing with COVID-19 related rent concessions. Where a rent reduction or rent holiday has been granted, it is proposed that the change in lease payments will simply be recognised over the periods that the change in lease payments is intended to […]
Companies House has announced an automatic three month extension for all filing deadlines which well any time from 27 June 2020 to 5 April 2021 (including these dates). Whilst this will be welcomed by many clients and their accountants this will defer work and postpone cash inflows for many accountants and will also result in a […]
Charity regulators in the UK have issued supplementary guidance for independent examiners to highlight areas where current restrictions (or any other national emergency) may create challenges or pose difficulties for when an independent examination of a charity’s accounts is being performed.  The following is an Executive Summary of the issues to be aware of: “This […]