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Latest Other News for the UK Accountancy Profession

Accountancy Profession is an accountancy news aggregation site created by accountants for accountants

Fully automated Accountancy Profession continuously collates the latest accounting news and headlines from over 150 sources and links straight to the best accountancy websites. Our mission is to enable accountants to see at a glance developments in the accountancy profession by providing links to all the accountancy news in one place and therefore saving the time consuming task of searching hundreds of sites and blogs.

If you know of a news, Twitter or YouTube feed which would be of interest to other accountants please contact us as the site is continually developing and new pages and feeds are added on a regular basis.

Accountancy Matters Blog

  • AADB sanctions will prompt wistful thinking
    Accountancy Age WHEN THE accounting watchdog slapped PwC with a record fine for its audit work at JP Morgan, I argued that the penalty was both fair and inadequate at the same time. The £1.4m fine levied by the Financial Reporting Council's…
    Published - 28 days ago, 23 Apr 12, 1:25pm
  • What's the hold up, Barnier?
    Accountancy Age BRUSSELS' AUDIT REFORM proposals were due to be presented in a press conference this week. Internal markets commissioner Michel Barnier has led the charge, and his office told Accountancy Age more pressing matters had parliam…
    Published - 24 Nov 11, 5:18pm
  • November is the cruelest month (for audit)
    Accountancy Age NOT EVEN HALFWAY through November, and already it is proving a tough month for high-profile firms. PwC is really up against the wall, pilloried by negative press for not one but four unfortunate-looking audits. It is hard to…
    Published - 11 Nov 11, 4:43pm
  • Risk report chairman talks big on disclosure
    Accountancy Age RISK REPORTS must be kept "short, sharp and relevant", Financial Reporting Review Panel chief Bill Knight has insisted. Talking at Meet the Experts, he illustrated his point using RBS's risk report from quarter-three 2008, wh…
    Published - 7 Nov 11, 4:42pm
  • Joint audit – duplication or two pairs of eyes?
    Accountancy Age BRUSSELS is pushing joint audit hard, and mid-tier firms agree the proposed reform would help break open the market, especially for large public-interest entities. Detractors argue the costs would far outweigh the benefits, w…
    Published - 31 Oct 11, 4:02pm
  • BIS gets busy on audit reform
    Accountancy Age THE EURO is in trouble, finance ministers are drowning in sovereign debt, and Brussels insiders say UK lobbyists have about as much credibility as a Greek bond. So why has the Department for Business stuck out its neck on aud…
    Published - 27 Oct 11, 1:26pm
  • Barnier and Competition Commission play good cop, bad cop
    Accountancy Age ON FRIDAY, the Office of Fair Trading delivered the verdict we were all waiting for - a call for the powerful Competition Commission to investigate audit. After a tumultuous year for the profession, the announcement didn't ma…
    Published - 25 Oct 11, 9:16am
  • Audit split could be stalemate for Big Four
    Accountancy Age EUROPEAN COMMISSION audit reform proposals could see major firms split down the middle, unable to perform both audit and non-audit services under the same umbrella. Audit firms might also be prohibited from belonging to a net…
    Published - 7 Oct 11, 4:00pm
  • FRC reform keeps us guessing
    Accountancy Age WHAT IS GOING on at the Financial Reporting Council? Before the summer, we were told the regulator was to conduct a structural reshuffle, examining its form and function with the aim of emerging, butterfly-like and blinking,…
    Published - 4 Oct 11, 11:18am
  • Is the IASB tired of convergence?
    Accountancy Age WHAT NOW for international financial reporting standards? Addressing the ICAS conference, vice-chairman of the International Accounting Standards Board Ian Mackintosh seemed bowed by the weight of potential projects awaiting…
    Published - 30 Sep 11, 3:23pm

Taking Stock

  • Colin: Pubs ailing under tax burden
    Accountancy Age
    Published - 17 days ago, 4 May 12, 10:52am
  • BDO shows us the funny
    Accountancy Age IN STRESSFUL and testing times, laughter is the best medicine, or so the saying goes. In that spirit, the people at BDO sought to tickle our funny bones with an exhibition of satirical cartoons collected over the course of 30…
    Published - 20 days ago, 1 May 12, 11:59am
  • Colin: Who's next at the helm of RSM Tenon
    Accountancy Age
    Published - 21 days ago, 30 Apr 12, 3:50pm
  • Colin: KPMG wages war on staff
    Accountancy Age
    Published - 24 days ago, 27 Apr 12, 3:22pm
  • Strictly come insolvency
    Accountancy Age INSOLVENCY'S biggest names will be dancing strictly style in a bid to raise money for cervical cancer charity the Debbie Fund. For one night only eight couples will battle it out including: * Deloitte partner Louise Brittain…
    Published - 24 days ago, 27 Apr 12, 7:38am
  • Colin: Superdry wardrobe malfunction
    Accountancy Age
    Published - 27 days ago, 24 Apr 12, 2:08pm
  • There's no such thing as a right answer
    Accountancy Age THE CBI launched a robust defence of the amount of tax that business pays in the UK with a document entitled "Tax and British Business: Making the case", which seeks to shed light on some of the mysteries of evasion, abuse an…
    Published - 28 days ago, 23 Apr 12, 2:18pm
  • Colin: Charities bear'd back
    Accountancy Age
    Published - 38 days ago, 13 Apr 12, 10:41am
  • Colin: ICAS - building bridges not walls
    Accountancy Age
    Published - 39 days ago, 12 Apr 12, 2:44pm
  • Tai Chi your audit
    Accountancy Age THE ACCOUNTING PRACTICES BOARD recently published its guide to professional scepticism. Auditors must think about their heritage into the profession including the origins of the word sceptic - derived from the Greek word skep…
    Published - 47 days ago, 4 Apr 12, 2:23pm

AccountingWEB uk Blogs

Stop the Merger - Ken Frost

  • Gilding The Lilly
    Five days ago I wrote about my surprise that Michael Izza had not commented on the potential £40M pension deficit in the ICAEW's 2011 accounts: "for reasons that are unclear he does not say a word about the pension deficit of £40M that completel…
    Published - 2 days ago, 19 May 12, 10:33am
  • What About The Pension Deficit Michael?
    Michael Izza (CEO of the ICAEW) has just published a brief review of the 2011 ICAEW results, entitled "2011: A Year of Growth for ICAEW".He says:"We have just published the ICAEW Annual Review for 2011, and as you will see the headlines are posi…
    Published - 7 days ago, 14 May 12, 2:29pm
  • ICAEW Results - Pension Deficit Drains ICAEW Lifeblood
    In May 2011 I wrote the following about the ICAEW's results:" the defined benefits pension scheme, which was closed on 30 June 2010, is expected to show a £22.6M deficit as of 31 March 2010 following the completion of an actuarial valuation.It s…
    Published - 10 days ago, 11 May 12, 1:42pm
  • Cameron Lambastes Accountants Again! - ICAS Weighs In
    I am pleased to see than Anton Colella (CEO of ICAS) is also less than impressed with Cameron's comments about accountants:""People want to know that we’re not just a bunch of accountants trying to turn around the British economy as if it we…
    Published - 12 days ago, 9 May 12, 9:57am
  • Cameron Lambastes Accountants Again!
    I see that Cameron is lambasting accountants again:"David Cameron has warned that the Coalition risks being seen as a “bunch of accountants” unless it “focuses on what matters” in the wake of last week’s dismal local election r…
    Published - 14 days ago, 7 May 12, 9:55am
  • ICAEW International Constituencies
    Accountancy Age reports that the council of the Institute of Chartered Accountants in England and Wales (ICAEW) has voted (without any form of irony) for the establishment of international constituencies for direct election to the council.This of…
    Published - 17 days ago, 4 May 12, 2:29pm
  • Izza Vents His Spleen
    Fed up with the low level ongoing anti accounting barracking from the Bullindgdon set at the heart of government, Michale Izza (CEO of The ICAEW) has vented his spleen.In a letter to Cameron, Izza says that, while such remarks may be tongue-in…
    Published - 20 days ago, 1 May 12, 1:58pm
  • KPMG's Irony
    How ironic that one of the world's leading accounting firms, KPMG (my old firm in fact), failed to pay any of its 11,000 UK staff yesterday (as it was meant to have done).Payroll World reports:"KPMG says it “holds its hands up” to a human err…
    Published - 23 days ago, 28 Apr 12, 11:05am
  • Economia and Ken Frost Asleep at The Wheel
    Both Economia and myself were asleep at the wheel regarding this error relating to HMRC interest rates:"As was quite correctly pointed out yesterday, by a loyal and observant reader, Martin Casimir's assertion that HMRC does not pay interest on t…
    Published - 45 days ago, 6 Apr 12, 9:25am
  • Fake Chartered Accountants
    The ICAEW has issued a warning about people/firms who attempt to pass themselves off as  "Chartered Accountants", who are in fact not entitled to use the designatory letters ACA or FCA.Here is the ICAEW's warning in full:"Each week ICAEW re…
    Published - 91 days ago, 20 Feb 12, 8:53am

Accountant Jokes and Fun

  • Daft accounting related definitions
    Book value: Value placed on an asset for accounting purposes that bears no relation to its true worth.Budgeting: An exercise where the unknowledgeable force the unwilling to predict the impossible based entirely on the inaccurate.Credit: Something…
    Published - 3 days ago, 18 May 12, 10:15am
  • Fantasy tax simplification
    The biggest laugh at last night's CTA Address came in response to a question from the floor. The question was related to a point the speaker, Andrew Tyrie*, had made about the need for the tax system to be made simpler. He had also stressed, as oth…
    Published - 4 days ago, 17 May 12, 8:15am
  • Best not to be abusive
    This is a true story about a tax dispute that went on for two years before the underlying issue was clarified. It made me smile.An Inspector of Taxes was explaining to me that the owner of the small business had been refusing to co-operate. As a re…
    Published - 6 days ago, 15 May 12, 9:19am
  • Bookkeeping made really simple and fun
    Except that it's never really much fun... And many congratulations to Julia Haigh, the winner of the AAT bookkeeping video competition. This required entrants to explain the principles of double-entry bookkeeping in three minutes or less.
    Published - 10 days ago, 11 May 12, 9:14am
  • 5 "I love my accountant' tweets that made me smile
    Letter from HMRC about completing my tax return. I read it in Moira Stewarts voice, and then posted it to my accountant to sort. Love it.@shipsandpigsI love how you know so much about my expenses. When did I hire you as my accountant?@fl0ralm0ral…
    Published - 26 days ago, 25 Apr 12, 9:25am
  • 3 weird US tax deductions
    In Alabama, you can still deduct $1,000 for building a radioactive fallout shelter. In Arkansas, blind combat veterans may buy a new car every two years tax free. In Hawaii, residents can claim a $3,000 deduction for taking care of "exceptional trees…
    Published - 31 days ago, 20 Apr 12, 9:01am
  • The VAT ditty
    A story about this video caught my eye in the paper today. Thought I'd share it more widely as it's very well written.
    Published - 46 days ago, 5 Apr 12, 9:29am
  • Possibly the best email disclaimer ever
    It's at the foot of emails from Peter Disney of Wood & Disney, a firm of Chartered Accountants. Peter has kindly given his permission for me to replicate it here.DISCLAIMERS, RENUNCIATIONS AND IN GENERAL DENIAL OF EVERYTHING Despite being based just…
    Published - 46 days ago, 5 Apr 12, 7:31am
  • Ode to auditing
    We test without apologyBoth safety and ecologyAnd inventories, budgets, and production.Checking scrap and sanitation,Overtime, and transportation –Not forgetting cost accounting and construction.We test sales and check insurance(EDP tries our endur…
    Published - 54 days ago, 28 Mar 12, 8:50am
  • Can Economics and tax be fun?
    Dr Madsen Pirie, President of the Adam Smith Institute, is attempting to prove that economics is fun. In this, part ten in a series, he explains taxation by ref to Adam Smith's four basic canons of taxation.
    Published - 61 days ago, 20 Mar 12, 5:18pm