The global body for professional accountants
28 Mar 2024
Financial reporting
Policy submission
United Kingdom
Consultation: Code of Practice on Local Authority Financial Reporting in the United Kingdom
ACCA welcomes the opportunity to respond to the CIPFA/LASAAC Local Authority Code Board public consultation on short term England-only measures to aid the recovery of local authority reporting and audit.
24 Mar 2024
Governance, risk and control
Article
United Kingdom
Automatic PI policy renewals
Lockton on the pros and cons of automatic and continuous policy renewals
24 Mar 2024
Article
United Kingdom
Protect against cyber attacks
Scam emails and other cyber threats pose a serious risk; protect yourself now
21 Mar 2024
Sustainability
Policy submission
Malaysia
Consultation: Malaysia's National Sustainability Reporting Framework
ACCA commends the Advisory Committee on Sustainability Reporting (ACSR) on the development of the Proposed National Sustainability Reporting Framework (NSRF) involving the adoption of International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards – specifically IFRS S1 and S2. We further commend ACSR on inviting public feedback on the proposed framework through a formal consultation process. This is critical towards fostering trust and transparency in the framework and positively shaping the journey of sustainability reporting in Malaysia.
20 Mar 2024
Education
Policy submission
United Kingdom
Consultation: A world-class education system: The Advanced British Standard
ACCA welcomes the opportunity to respond to the Department of Education's consultation on The Advanced British Standard, which presents an opportunity to ensure the 16-19 education system is world leading and that every young person, regardless of their socio-economic background, location, or circumstances can reach their potential and gain both the knowledge and skills they need to thrive in a major global economy.
19 Mar 2024
Taxation
Policy submission
Hong Kong SAR of China
Consultation: Implementation of Global Minimum Tax and Hong Kong Minimum Top-up Tax
ACCA welcomes the opportunity to provide views in response to the consultation paper issued by the Financial Services and the Treasury Bureau (“FSTB”) on the proposed scheme to implement global minimum tax and Hong Kong minimum top-up tax. Our response is based on feedback from our Hong Kong Tax Committee and our wider network of international tax experts.
15 Mar 2024
Governance, risk and control
Policy submission
Singapore
Consultation: Model AI Governance Framework for Generative AI
ACCA welcomes the opportunity to comment on the proposed framework issued by IMDA Singapore and Verify Foundation, Singapore. We support the importance and need for a trusted eco-system for AI and commend this initiative particularly given the rapid developments in using generative AI globally.
14 Mar 2024
Sustainability
Policy submission
Nigeria
Consultation: Roadmap Report for Adoption of ISSB Disclosure Standards in Nigeria
ACCA welcomes the opportunity to provide views in response to the ARWG’s call for comments on the Roadmap Report for Adoption of IFRS Sustainability Disclosure Standards in Nigeria. We commend the Federal Reporting Council of Nigeria (FRCN) for being a first mover in committing to adopting the standards and leading the implementation efforts of the ARWG, wherein ACCA is represented.
12 Mar 2024
Auditing and assurance
Policy submission
Malaysia
Consultation on the Proposal of the New Audit Exemption Criteria for Private Companies in Malaysia
ACCA appreciates the opportunity to offer feedback on the proposed new audit exemption criteria for private firms in Malaysia, as outlined in the consultative document published by the Companies Commission of Malaysia (SSM) on 7 February 2024.
6 Mar 2024
Financial management
Policy submission
England
Consultation: Addressing the local audit backlog in England
ACCA welcomes the opportunity to respond to the Department for Levelling-Up Housing and Communities (DLUHC) public consultation. ACCA fully supports the proposed package of measures, appreciating that this has been a long-standing issue and DLUHC’s phased proposal seeks to address this and ensure a return to audit opinions meeting user’s needs in a timely manner.
6 Mar 2024
Article
United Kingdom
High Income Child Benefit Charge threshold
Changes coming for parents earning £60,000 and above
6 Mar 2024
Article
United Kingdom
CGT and UK residential property disposals
The higher rate of capital gains tax for residential property gains will be reduced
6 Mar 2024
Article
United Kingdom
Raising standards in the tax advice market
Access to HMRC services, mandatory membership of a professional body and other options when working with HMRC
6 Mar 2024
Article
United Kingdom
UK Budget – no game changer for UK economy
Read our comment
6 Mar 2024
Article
United Kingdom
National Insurance contributions cut
As widely expected, employees and self-employed will benefit from a 2% NI cut
6 Mar 2024
Article
United Kingdom
Growth Guarantee Scheme
Re-named scheme expected to support 11,000 businesses
6 Mar 2024
Article
United Kingdom
A lack of support for skills and green policy
The Budget could have gone further to support both skills development and green policy in the UK
6 Mar 2024
Article
United Kingdom
Furnished Holiday Lettings (FHL) tax regime abolished
The move aims to improve year-round housing stock in high-tourism areas
1 Mar 2024
Sustainability
Policy submission
Australia
Consultation response: Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information
ACCA welcomes the opportunity to provide views in response to the Australian Accounting Standards Board’s (AASB’s) exposure draft ED SR1, Australian Sustainability Reporting Standards (ASRS) – Disclosure of Climate-related Financial Information.
28 Feb 2024
Corporate reporting
Policy submission
Global
Exposure Draft - Amendments to Climate Change and Energy Standards
GRI exposure drafts for the Climate Change Standard and the Energy Standard (issued by GRI in November 2023) This submission is made jointly by Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA) under our strategic alliance.
21 Feb 2024
Article
United Kingdom
Spring Budget 2024: ACCA's letter to the Chancellor
Read the letter outlining members' priorities, sent to Jeremy Hunt ahead of the announcement on 6 March
12 Jan 2024
Auditing and assurance
Policy submission
Global
Audit Standards Amendment - Amendments to ISA 250 section A and B - revision of auditing standards to enhance useability and informativeness of the audit
ACCA welcomes the opportunity to comment on the proposals issued by the FRC. We support the enhancement of the auditor requirements aimed at detecting and reporting material misstatements resulting from non-compliance with laws and regulations. Updating the standard in this way will undoubtedly enhance the quality of audit processes, offering users greater assurance that potential material misstatements have been thoroughly assessed and leading to increased stakeholder confidence in the quality of audits carried out. We also commend the transition to a risk-based approach, allowing auditors to focus on laws and regulations that are most likely to have a material impact on the financial statements.
9 Jan 2024
Governance, risk and control
Factsheet
United Kingdom
Technical factsheet: The Economic Crime and Corporate Transparency Act 2023
The legislation introduces several wide-ranging reforms
21 Dec 2023
Article
United Kingdom
Draft Scottish Budget 2024/25
A summary of the key points
21 Dec 2023
Article
United Kingdom
Draft Welsh Government Budget 2024/25
A summary of the major announcements
15 Dec 2023
Sustainability
Policy submission
Europe
ACCA's response to Targeted Consultation: Implementation of the Sustainable Finance Disclosures Regulation (SFDR)
This is a co-authored response to the European Commission’s (EC) Targeted Consultation Document: Implementation of the Sustainable Finance Disclosures Regulation (SFDR) by the ACCA and CISI. This response has been informed through our policy positions, sustainability focused engagement across the EU and UK and roundtable discussion. This work has found that guidance and clarification on and within the regulation is crucial to effective implementation moving forward.
15 Dec 2023
Governance, risk and control
Article
United Kingdom
What is FGI and why is this cover important?
Everything you need to know about fidelity guarantee insurance
14 Dec 2023
Auditing and assurance
Policy submission
United Kingdom
ACCA's response to FRED 84 Draft Amendments to FRS 102
ACCA welcomes the opportunity to respond to the FRC’s invitation to comment on the draft amendments to FRS 102. ACCA is supportive of the proposed amendments. ACCA has consistently been an advocate for improved reporting on poor payment practices.
14 Dec 2023
Corporate reporting
Policy submission
United Kingdom
ACCA's response to Scope 3 Emissions in the UK Reporting Landscape Call for Evidence
ACCA welcomes the opportunity to respond to the Department’s call for evidence on the benefits, costs, and practicalities of Scope 3 greenhouse gas (GHG) reporting in the UK.
14 Dec 2023
Governance, risk and control
Article
United Kingdom
Best practice for limiting liability to clients
Lockton sets out the do’s and the don’ts
27 Nov 2023
Corporate reporting
Policy submission
Global
Consultation: Annual Improvements to IFRS Accounting Standards - Volume 11
ACCA welcomes the opportunity to provide views in response to the IASB’s exposure draft (ED) for the IFRS Accounting Standards Annual Improvements Volume 11.
23 Nov 2023
Financial reporting
Policy submission
United Kingdom
Consultation: Whole of Government Accounts 2020-21 Inquiry
ACCA welcomes the opportunity to respond to the Call for Evidence on the Whole of Government Accounts 2020-21.
22 Nov 2023
Article
United Kingdom
Chancellor announces action on late payments
Measures were published today in the Prompt Payment Review
22 Nov 2023
Article
United Kingdom
Business rates in England
Small business multiplier frozen while the 75% RHL relief will be extended
22 Nov 2023
Article
United Kingdom
Cash basis expansion adds flexibility for businesses
Legislation will remove turnover restrictions and allow businesses to move from cash basis to accruals and back
22 Nov 2023
Article
United Kingdom
An economic view of the Autumn Statement 2023
Measures to boost business investment and the supply side of the economy are encouraging, but the economic and fiscal outlook remains very challenging
22 Nov 2023
Article
United Kingdom
IR35 and calculating PAYE liability in cases of non-compliance
New proposal likely to impact individuals who have been incorrectly determined as self-employed for the purposes of the off-payroll working rules
22 Nov 2023
Article
United Kingdom
Making Tax Digital Small Business Review
Pledge to simplify and improve the MTD for ITSA system for taxpayers and their representatives
22 Nov 2023
Article
United Kingdom
Skills and green policy disappointment
ACCA reacts to the Autumn Statement’s disappointing lack of support on both skills and green policy
22 Nov 2023
Article
United Kingdom
Capital allowances and full expensing
Spring announcement on full expensing made permanent in Autumn Statement
17 Nov 2023
Charity sector
Factsheet
United Kingdom
Technical factsheet: Going concern and the alternative basis of accounts preparation for charities reporting under UK-Ireland Generally Accepted Accounting Practice (GAAP)
Aimed at trustees and treasurers of smaller charities and independent examiners, this Factsheet explores how and when to prepare charity accounts on an alternative basis to going concern.
14 Nov 2023
Taxation
Article
United Kingdom
ACCA UK Autumn Statement Survey 2023
Members voiced concerns including issues around accessing HMRC services
14 Nov 2023
Public sector
Consultation
United Kingdom
Consultation: Whole of Government Accounts 2020-21
Read ACCA's response to the UK Government's Public Accounts Committee
3 Nov 2023
Education
Policy submission
United Kingdom
Consultation: APPG Accountancy as a STEM subject inquiry
ACCA welcomes the opportunity to respond to APPG Accountancy as a STEM subject inquiry. We believe that simplicity and open access for all are core considerations when considering the classification of subject areas, funding models, and career support for both individuals and organisations.
31 Oct 2023
Ethics
Policy submission
United Kingdom
Consultation: FRC Revised Ethical Standard Key Changes
ACCA welcomes the opportunity to comment on the proposals issued by the FRC. We are pleased to note that the proposed changes reflect significant developments in the International Ethics Standards Board for Accountants (IESBA) Code since the FRC last revised the Ethical Standard in 2019 to ensure that the UK’s Ethical Standard mirrors as closely as possible the international code.
17 Oct 2023
Financial reporting
Policy submission
United Kingdom
Consultation: 2024/25 Code of Practice on Local Authority Financial Reporting in the United Kingdom
ACCA welcomes the opportunity to respond to the Consultation on the 2024/25 Code of Practice on Local Authority Financial Reporting in the United Kingdom.
17 Oct 2023
Corporate reporting
Policy submission
Global
Consultation: IASB/RFI/2023/2 Post-implementation Review: IFRS 15 Revenue from Contracts with Customers
ACCA welcomes the opportunity to provide views in response to the IASB’s request for information for the post-implementation review of IFRS 15 Revenue from Contracts with Customers.
3 Oct 2023
Article
United Kingdom
Important update for money-laundering reporting officers: new SAR portal
The current system will be decommissioned later this year
2 Oct 2023
Governance, risk and control
Article
United Kingdom
Minimising insurance premiums amid economic uncertainty
Read our tips on managing the renewal process
29 Sep 2023
Policy submission
United Kingdom
Consultation: Reform of Anti-Money Laundering and Counter Terrorism Financing Supervisory Regime
ACCA is a Professional Body Supervisor (PBS) for anti-money laundering (AML) in the UK. We welcome the opportunity to provide views on the government’s proposed reform of the AML and counter terrorism financing (CTF) supervisory regime, and the proposals for sanctions supervision.
Access accounting standards for current UK GAAP, New UK GAAP and International GAAP here.
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