Consolidated financial statements provides an overview and refresher including practical examples and legislative references when consolidations are undertaken under FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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.
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.