News

The UK’s accounting watchdog has questioned the Big Four auditing firms and the accountancy bodies about what they are doing to prevent exam sitters from using AI, such as ChatGPT to cheat.

HMRC is seeking contributions to its consultation entitled ‘Raising standards in the tax advice market: strengthening the regulatory framework and improving registration’.

The IFRS Foundation has published its annual report for the year ended 31 December 2023, entitled ‘Better information for better decisions’.

New guidance to help financial services companies comply with forthcoming anti-greenwashing rules has been published by the Financial Conduct Authority (FCA).

Changes to the Research and Development (R&D) regime previously announced by HMRC have now come into effect, for accounting periods beginning on or after 1 April 2024.

The first comprehensive suite of global standards for accountants who provide tax planning services has been introduced by the International Ethics Standards Board (IESBA).

A new publication setting out four key areas where accountants need to update their knowledge to meet the growing demand for high-quality sustainability-related information has been published by IFAC.

The UK government is fully funding apprenticeships in small businesses by paying the full cost of training for anyone up to the age of 21.