Explore the major 2026 changes to UK accounting, including FRS 102 lease amendments, MTD for Income Tax mandation, and new ...

The UK’s Financial Reporting Council (FRC), the regulatory watchdog for the accounting industry, has set a deadline of June 2024 for the Big Four accounting firms to separate audit practices from the ...

The Labor Party’s 2024 election manifesto made just one mention of China, promising an “audit” of the United Kingdom’s relationship with Beijing. Whereas the Conservatives were accused of an ...

The UK Financial Reporting Council (FRC) has formally opened an investigation into Ernst & Young LLP’s statutory audit of Shell plc’s consolidated financial statements for the year ended December 31, ...

Have you given a thought to Anti-Money Laundering (AML) compliance? If not, now’s the time, because UK regulators are tightening the screws. According ...

An audit of laboratories in the United Kingdom has revealed a number of potential issues ranging from staff retention to a lack of shelf-life and virus testing knowledge. The UK Health Security Agency ...

Simply sign up to the Accountancy myFT Digest -- delivered directly to your inbox. The Big Four accounting firms maintained their iron grip on auditing the UK’s largest companies last year despite ...

The reliance on statistical sampling is becoming an outdated risk in a data-rich world. UK audit firms must transition to full-population testing and continuous assurance, shifting the auditor's role ...