This factsheet explores the recovery work you can undertake with your clients, and provides guidance on when you would need to consider other options in light of the new Corporate Insolvency and Governance Act 2020.
Over the past 10 years the government has attacked the buy-to-let market with a raft of new provisions designed, in part, to make this activity less attractive. This factsheet explores the reliefs and taxes affecting landlords.
The UK has left the EU and is now in a transition period before new rules come into place from 1 January 2021.
In order to give individuals and firms sufficient time to prepare for the changes which will take effect when the transition period ends on 31 December 2020, ACCA has published draft Global Practising Regulations (including Annex 1 and Appendix 1) which set out the proposed amendments to the United Kingdom Audit Regulations 2016. The revised regulations will be implemented on 1 January 2021. We will be monitoring developments closely and will update these guidelines when necessary.
A suspicious activity report (SAR) is a way of notifying law enforcement about a client or behaviour that appears to be suspicious and potentially related to money laundering or the financing of terrorist activities.
Technical factsheet: ACCA anti-money laundering (AML) monitoring review process
The ACCA monitoring review arrangements are designed to protect the public interest by ensuring ACCA-supervised firms are putting the right systems and controls in place to comply with money laundering regulations.
Technical factsheet: treatment of benefits in kind – P11D guidance
There are special rules relating to certain kinds of benefit. However, in the absence of specific rules, the methods ‘cost to the employer’ and ‘money’s worth’ can be used to calculate the taxable value of benefit in kind.
Technical factsheet: Engagement letters for practitioners – accounts production
Engagement letters for practitioners – accounts production, issued in May 2020, provides engagement letters, guidance notes to the appendices, covering letter, privacy notice, schedules of services, standard terms and conditions of business and disengagement letter wording.
Technical factsheet: the money-laundering reporting officer
The Proceeds of Crime Act 2002 (POCA) requires the appointment of a “nominated officer” to ensure that information leading to knowledge or suspicion of money laundering is disclosed appropriately to the authorities.
Technical factsheet: anti-money laundering (AML) policy and procedures
This factsheet will help shape your firm’s AML policy and procedures. You must consider the Money Laundering Regulations 2017 (MLR 2017) and the CCAB’s Anti-Money Laundering Guidance for the Accountancy Sector.
Technical factsheet: FRS 102 – reporting for medium-sized and large entities
This technical factsheet has been updated to incorporate the results of the triennial review carried out by the Financial Reporting Council in 2017, which impact entities for accounting periods starting on or after 1 January 2019
The Payment Services Regulations 2017 (PSRs 2017) came into force on 13 January 2018 and are now the main piece of legislation governing payment services in the UK. PSRs 2017 bring the European Payments Law, known as PDS2 (second Payments Directive), into UK law.
Technical factsheet: guidance on access to information by successor auditors
Guidance on the procedure expected to be followed by ACCA members and member firms whenever the office of statutory auditor changes (and access to information held by the predecessor auditor) is sought.
Guidance on winning business and accountancy awards
In the ACCA awards factsheet you can find guidance on the attributes of a good awards entry, how to maximise the impact of entering and some of the awards firms may wish to enter. Practitioners may also wish to help clients enter awards.
Email security issues are some of the biggest threats to productivity and profitability. This factsheet, produced in partnership with Barclays, looks at the risks and examines the pros and cons of various security methods.