Technical resources

Proposal to revise ISA (Ireland) 315 - Identifying and Assessing the Risks of Material Misstatement

Proposal to revise ISA (Ireland) 315 - Identifying and Assessing the Risks of Material Misstatement. A consultation issued by the Irish Auditing and Accounting Supervisory Authority (IAASA)

MoJ's non-contentious probate - Mandating online professional applications

ACCA’s response to the Ministry of Justice consultation on Non-Contentious Probate - Mandating online professional applications

Call for evidence: raising standards in the tax advice market

ACCA's response to HMRC call for evidence on suggestions about how to raise and maintain high standards of competence and behaviour in the tax advice market in order to protect consumers and improve compliance.

ACCA's response to HMRC Charter consultation

ACCA's response to HMRC Charter consultation. The Charter sets the standard for interactions between HMRC and its customers. We’ve made a number of points including improving customer trust, frameworks for resolving disputes and expertise and training of HMRC staff.

FCA's CP20/7: Quarterly Consultation Paper No 28

ACCA's response to FCA consultation on the OPBAS Sourcebook, Bounce Back Loan Scheme and a rule clarification to confirm the ability of the FSCS to declare in default firms and successors subject to the proposed new moratorium under the Insolvency Act 1986.

IAASA's proposals to revise Ireland's Ethical Standard for Auditors, International Standards on Auditing and Glossary of Terms

ACCA's response to proposals to revise the Ethical Standard for Auditors (Ireland), International Standards on Auditing (Ireland) and Glossary of Terms

The Review of Non-Financial Reporting Directive

ACCA's reponse to a public consultation on the European Commission's review of the Non-financial Reporting Directive

IESBA Proposed Revisions to the Non-Assurance Services (NAS) Provisions of the Code

ACCA and CA ANZ joint response on the proposals to revise the non-assurance services (NAS) provisions of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code).

IESBA Proposed Revisions to the Fees-Related Provisions of the Code

ACCA and CA ANZ joint response to IESBA's Exposure Draft aimed at strengthening the fee-related independence provisions of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code).

FCA regulated fees and levies: Rates proposals 2020/21 (CP20/6)

ACCA response to FCA consultation on regulated fees and levies rate proposals for 2020/21

Joint submission by ACCA and CA ANZ on Proposed Revision to the Code Addressing the Objectivity of Engagement Quality Reviewers

Joint submission by Chartered Accountants Australia and New Zealand and the Association of Chartered Certified Accountants to an exposure draft issued for public consultation by the International Ethics Standards Board for Accountants (IESBA)

Consultation by Isle of Man FSA - Fees 2020 (CP19-07/T14)

ACCA welcomes the opportunity to provide feedback on the proposed fees for 2020. We represent ACCA members and firms of accountants registered with the Authority to provide financial services in the Isle of Man. Our response to this consultation is informed by members’ input obtained from the ACCA Members’ Network in the Isle of Man.

Proposed Revisions to the Code to Promote the Role and Mindset Expected of Professional Accountants

ACCA welcomes the opportunity to comment on the proposals to revise the Code to promote the role and mindset expected of professional accountants.

Recovering the costs of OPBAS: Feedback on CP19/13 and consultation on fee-rate for 2019/20

ACCA welcomes the opportunity to provide feedback on FCA's proposed fee-rate for OPBAS 2019/20. In the absence of any clarity or assurance on OPBAS’s strategic plan and costs for 2019/20, ACCA is unable to form a clear opinion on the reasonableness of the proposed variable fee-rate. To read in full, please download the consultation response.

Call for Evidence: Regulation of insolvency practitioners - review of current regulatory landscape

ACCA response to call for evidence on the review of the current regulatory framework for insolvency practitioners (IPs) in the UK in order to inform any future changes to the framework.

PSAB consultation on reviewing approach to IPSAS

ACCA welcomes the opportunity to comment on the consultation paper issued by PSAB on Reviewing PSAB’s Approach to International Public Sector Accounting Standards. The ACCA Public Sector Global Forum, staff experts and broader ACCA stakeholders have considered the matters raised and their views are represented in the following. The Public Sector Accounting Board (PSAB) has clearly undertaken a thorough review of the role of International Public Sector Accounting Standards (IPSAS). To read in full, please download the consultation response.

IAASA Consultation Paper - Proposal to issue Companies Act 2014 Section 933 Regulations

ACCA welcomes the opportunity to comment on the proposal to issue to issue Companies Act 2014 (Procedures Governing the Conduct of Section 933 Enquiries) Regulations 2019 (‘S933 Regulations’).

FRC Post Implementation Review of the 2016 Auditing and Ethical Standards

ACCA response to The Financial Reporting Council (FRC) consultation proposing important changes to the UK’s Ethical and Auditing Standards. The FRC proposes to set more stringent ethical rules for auditors, in response to findings from recent audit enforcement cases and from audit inspections. In response to feedback from investors, the FRC also proposes to enhance the quality and content of auditor’s reports in order to improve transparency about what is found in the course of an audit.

Statutory audit services: initial consultation on the Competition and Markets Authority recommendations

ACCA response to BEIS consultation on the CMA’s recommendations to improve audit quality, competition and resilience in the statutory audit services market. These recommentions can be found on the Competition and Markets Authority (CMA) final report published on 18 April 2019.

IAASB’s Proposed International Standard on Quality Management 2 (ED-ISQM 2)

ACCA and CA ANZ joint response supports the IAASB’s efforts to continuously improve audit quality. How audit firms manage audit quality is a key component to achieving audit quality. To read in full, please download the consultation response.

IAASB’s Proposed International Standard on Quality Management 1 (ED-ISQM 1)

ACCA and CA ANZ joint response supports the quality management approach which can be described as a more “thinking” approach in comparison to ISQC1. We are also supportive of a risk assessment based approach, subject to specific concerns on aspects of the proposals. We also believe that separating ISQC 1 into two standards is sensible. Our detailed comments on ED-ISQM2 are available in our separate submission letter on that ED.

IAASB’s Proposed International Standard on Auditing 220 (Revised) Quality Management for an Audit of Financial Statements

ACCA and CA ANZ joint response welcomes the opportunity to comment on Proposed International Standard on Auditing 220 (Revised) Quality Management for an Audit of Financial Statements (ED-220). It is important that the process for managing audit quality at the engagement level continuously evolves along with the management of audit quality at the firm level.

IESBA Proposed Revisions to Code of Ethics and Conduct

ACCA welcomes the opportunity to comment on the proposals to revise Part 4B of the Code to reflect terms and concepts used in ISAE 3000 (Revised), and to continue to work with the IESBA in advancing the restructured Code’s relevance and impact.

IAASB consultation paper on Extended External Reporting Assurance

ACCA and CA ANZ joint response to IAASB's consultation paper on Extended External Reporting Assurance (EERA)

Exposure Draft on Interest Rate Benchmark Reform

ACCA's Response to IASB Exposure Draft on Interest Rate Benchmark Reform - IFRS 9 and IAS 39

Proposed Internal Governance Rules

Supplementary consultation on amendments to proposed Rules 4, 8 and 10 published by the Legal Services Board (LSB)

BEIS consultation on the Independent Review of the FRC

Initial consultation on the recommendations by the Department for Business, Energy & Industrial Strategy (BEIS).

Transposition of the Fifth Money Laundering Directive: consultation

A public consultation issued by HM Treasury. Comments from ACCA to HM Treasury

Independent Review into the quality and effectiveness of audit - call for views

We welcome Sir Donald Brydon’s independent review into the quality and effectiveness of audit. It is vital that the UK economy has efficient and effective capital markets and there is confidence in the corporate framework through greater transparency which works in the context of a global economy.

Off-payroll working response

Comments from ACCA to HMRC’s policy consultation on off-payroll working rules in the private sector from April 2020, in May 2019

IAASB Proposed Strategy for 2020-23 and Work Plan for 2020-21

ACCA and CA ANZ joint response to IAASB's Proposed Strategy for 2020-23 and Work Plan for 2020-21

Business reporting of intangibles: realistic proposals

ACCA welcomes the opportunity to provide views in response to the FRC’s Discussion Paper on the business reporting of intangibles. This has been done with the assistance of members of ACCA’s Global Forum for Corporate Reporting.

Representing members

This page lists recent representation and submissions made by ACCA and CCABI on members behalf

Foreign exchange hedging resources

Guidance on how to minimise the foreign exchange risk for business.

Recovering the costs of the Office for Professional Body Anti-Money-laundering Supervision (OPBAS): further consultation on fees structure

ACCA welcomes the opportunity to provide feedback on FCA's proposed fee-rate for OPBAS 2019/20.

Onerous contracts: costs of fulfilling a contract (amendments to IAS 37)

ACCA welcomes the opportunity to provide views in response to the IASB's proposed amendments to IAS 37. This has been done with the assistance of members of ACCA’s Global Forum for Corporate Reporting.

FRED71 draft amendments to FRS102: Multi-employer defined benefit plans

Exposure draft issued for comment by the Financial Reporting Council in January 2019

Proposed International Standard on Related Services 4400 (Revised), Agreed-Upon Procedures Engagements

ACCA CA ANZ joint response to IAASB's proposed International Standard on Related Services 4400 (Revised)

ACCA response to HM Treasury and HMRC Digital Services Tax consultation

ACCA welcomes the opportunity to provide views in response to HM Treasury on digital services tax (DST).

Corporate Transparency and Register Reform: Consultation response

Consultation response on options to enhance the role of Companies House and increase the transparency of UK corporate entities

Call for feedback: report on climate-related disclosures by the Technical Expert Group on Sustainable Finance

ACCA welcomes the opportunity to provide views in response to the Technical Expert Group on Sustainable Finance's report on climate-related disclosures.

Proposed internal governance rules

ACCA is grateful for the opportunity to respond to the consultation paper published by the LSB, and for the continuing discussions between our two organisations. This response has been prepared in consultation with the Chairman of ACCA's Regulatory Board.

Financial instruments with characteristics of equity

ACCA welcomes the opportunity to provide views in response to the IASB's Discussion Paper on financial instruments with characteristics of equity.

Recovering the costs of the Office for Professional Body Anti-Money Laundering Supervision (OPBAS): proposed fee rates for 2018/19

Comments from ACCA on consultation paper CP18/32 Published by the Financial Conduct Authority (FCA).

Exposure Draft, ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement

ACCA CA ANZ joint response broadly supports the proposed methodology, which we believe has the capacity to enhance the auditor’s risk assessment procedures, and therefore increase audit quality.

Statutory audit market study

Comments from ACCA to a public consultation issued by the Competition & Markets Authority.

Amending HMRC's Civil Information Powers

Comments from ACCA to a public consultation issued by HM Revenue & Customs.

Independent Review of the Financial Reporting Council: call for evidence

ACCA's response to Independent Review of the Financial Reporting Council: call for evidence.

Accounting Policy Changes: Proposed amendments to IAS 8

Exposure Draft issued for comment by the International Accounting Standards Board in March 2018.

Public consultation: Fitness check on the EU framework for public reporting by companies

ACCA response to public consultation on European Commission's Fitness check on the EU framework for public reporting by companies, issued by the European Commission in May 2018.