Blog
Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
22 July 2021
Maintaining the boundaries of personal and professional life: new ethics guidance for professional accountants
The Consultative Committee of Accountancy Bodies (CCAB) has issued new guidance for professional accountants on the boundaries of professional and private behaviour, setting out for the first time a list of agreed common principles which will apply when a professional accountant’s behaviour in their personal life could become of regulatory interest to their professional body.
1 March 2021
Audit reviews: the process, pitfalls and published themes – a focus on FRC Audit Quality Reviews
In the second blog of our audit series, Julie Matheson and Sarah Harris discuss the FRC’s recent Audit Quality Inspection report, describe how the FRC uses its powers to uphold audit quality and provide some tips on what to do if the FRC opines that one of your firm’s audits needs more than limited improvements.
7 February 2021
Top tips for managing an accountancy disciplinary investigation
As an accountant or accountancy technician hopefully you will proceed through your career without becoming involved in any sort of disciplinary proceedings. However, you are not immune from being the subject of a complaint from a client to your regulatory body. Whether you are regulated by the ICAEW, ACCA, CIPFA, CIMA, ICAS or the AAT, there is always the possibility of an unwelcome approach by the disciplinary team of your regulator. Each regulator has a duty, in the public interest, to investigate complaints against its members. High profile complaints will usually be investigated by the Financial Reporting Council (FRC), which has a similar duty to consider all matters referred to it, with a view to deciding whether disciplinary proceedings are required.
3 November 2020
The ICAEW’s new guidance on reporting misconduct: a wider net
In October the ICAEW updated its Guidance on the Duty to Report Misconduct. The ICAEW first issued Guidance on this topic way back in 1993. While amendments have been made since then to update references to legislation, bye-laws and guidance, this is the first wholesale re-issue. So what’s changed? The fundamental principle that it’s in the public interest to report matters which, if left unreported, could adversely affect the reputation of the profession, remains the same . However, there are some quite significant changes to the detail of what should be reported, reflecting a shift in attitudes since 1993 in the requirements and expectations of professionals. The new Guidance adds to this the need to report matters which, if left unreported, could adversely affect the reputation of the ICAEW, as the regulator.
16 July 2020
Audit reviews: the process, pitfalls and published themes
Audit is more in the spotlight than ever. The financial news pages seem to have a constant stream of stories about corporate collapses, with the inevitable commentary about how the auditor of the collapsed entity is likely to face a regulatory investigation.