Latest News
The latest practice related news from ICAEW Insights.
ICAEW AML report highlights need for customer due diligence
- Article
- 18 Nov 2024
Firms should ensure they have adequate CDD procedures in place, particularly around verification and ongoing monitoring, the latest Anti-Money Laundering Supervision Report suggests.
How accountants can help SME clients get the banking they need
- Article
- 12 Nov 2024
In the UK, business banking for micro and small businesses has changed significantly over the last 15 years, with the declining presence of high street banks, closure of local branches and the removal of dedicated relationship managers. Looking for support, business owners often turn to their accountants to help them make sense of the banking landscape.
Outsourcing, offshoring, Podsourcing®… what’s the best fit for your accountancy practice?
- Article
- 31 Oct 2024
It’s not just ‘outsourcing’… there are various options that accountancy practices have to help them support their resource.
Action on sustainability is key to attracting and retaining great people
- Article
- 31 Oct 2024
This article examines the importance of sustainability in recruiting and retaining top quality staff.
Prepare for MTD ITSA: manging workflows
- Article
- 31 Oct 2024
Submitting updates for clients within MTD ITSA in the same month, four times a year, presents a huge challenge for firms. In the second of a series of articles, Rebecca Benneyworth considers how to manage information and workloads.
Understand the risks and potential impact of climate change – and ensure they’re accounted for
- Article
- 14 Oct 2024
We can choose to stick our heads in the sand, try to ignore the messaging about climate change and resist changing the way we live our lives and do business. But climate-related risks are coming, whether we like it or not. And this presents a great opportunity for accountants and business advisors to support their clients – to help them understand the risks to their business and ensure climate risk is embedded in their approach to risk management and strategic planning.
Why change management and communication are key to successful accountancy outsourcing
- Article
- 14 Oct 2024
Outsourcing and offshoring are much more than ‘easy to access resource’. Implementation requires great planning and consistent communication.
FRC and ICAEW offer support to firms exploring PE
- Article
- 10 Oct 2024
Accountancy practices considering private equity investment need to think about the regulatory implications and are encouraged to seek guidance from the Financial Reporting Council and ICAEW.
Practicewire Newsletter
The latest issues concerning practices and sole practitioners from the Practicewire.
Flexible working law change
- Newsletter
- 01 Mar 2024
In this issue, find out about flexible working law changes; a new Corporate Reporting Guide; Probate news roundup; and much more.
Practice Assurance Monitoring Report 2023
- Newsletter
- 15 Feb 2024
In this issue, read the Practice Assurance Monitoring Report 2023 which includes common findings from more than 1,500 Practice Assurance reviews; read how one ICAEW member firm is embracing ISQM 1; find out what changes to the duty to report misconduct mean in practice; and much more.
ICAEW recommendations to improve SMEs' finances
- Newsletter
- 01 Feb 2024
In this issue, ICAEW responds to the Treasury Committee's call for evidence by urging government to boost lending to small businesses; we look at how to refer to financial advisers and stay compliant; a leaving employment tax update; and much more.
Role of money laundering reporting officers
- Newsletter
- 01 Dec 2023
In this issue, we find out what MLROs at 240 firms shared on the challenges of their role; key takeaways from the recent ISQM1 Maintaining Momentum event; a Technical round-up; and much more.
Weighed down by regulation?
- Newsletter
- 15 Nov 2023
In this issue, we look at the new FCA Consumer Duty; digital skills in the small practice; reform to the taxation of unincorporated businesses; and much more.
Economic Crime and Corporate Transparency Act becomes law
- Newsletter
- 01 Nov 2023
In this issue, we look at changes and implications for your clients and the significant measures outlined in the Economic Crime and Corporate Transparency Act 2023 (ECCTA); the latest Business Confidence Monitor update; helping employees through the cost-of-living crisis; and much more.
Is private equity reshaping the profession?
- Newsletter
- 15 Oct 2023
In this issue, we explore the impact of private equity investment in the accountancy sector; AML firm-wide risk assessments; audit firms risks and best practice; and much more.
ICAEW recommendations to improve SMEs' finances
- Newsletter
- 01 Oct 2023
In this issue, we look at ICAEW recommendations to improve SMEs' finances; how to refer to financial advisers and stay compliant; the tax treatment of leaving employment; and much more.