Blog
Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
24 July 2025
Tech-Driven, Ethically Bound: New FRC and ICAEW Guidance on AI Use in the Accountancy Sector
Artificial Intelligence (AI) and digital tools are rapidly transforming the accountancy sector with promises of enhanced efficiency, insight and audit quality. Embracing this innovation wave however, does not come without risk, and regulators are increasingly alert to the ethical implications. The FRC has very recently issued new guidance on the use of AI in audit, coinciding with the ICAEW’s new technology-centred revisions to its Code of Ethics, which came into force on 1 July 2025. Responsible and ethical use of AI is now therefore no longer optional, but a regulatory expectation.
21 July 2025
Changes to the Money Laundering Regulations: Panic stations or steady course?
HM Treasury has published its response to the 2024 consultation on the Money Laundering Regulations, and at first glance, the proposed changes appear to be constructive, and in some cases, quite welcome.
30 June 2025
Understanding the changes to the ICAEW's Code of Ethics: a three-part series
The ICAEW has indicated that it is expanding the definition of “Professional Behaviour” in its Code of Ethics to cover bullying, harassment, victimisation and unfair discrimination. Senior Leaders in accountancy firms need to be mindful of this important change: what should you do when behaviours which might breach the principle of Professional Behaviour are identified? An investigation should be undertaken, but it must be robust, fair and comprehensive. Potential criminal issues should also be navigated very carefully. You will then need to decide if, and how, any poor behaviours are reported to the regulator.
23 June 2025
The Terminally Ill Adults (End of Life) Bill – historic legislation passes through the commons - A practical guide as to its application
On 20 June 2025, The Terminally Ill Adults (End of Life) Bill (the Bill) was passed through the House of Commons, with 341 MPs voting in favour of the Bill and 291 MPs against the Bill, with a narrow majority of 23 votes.On 20 June 2025, The Terminally Ill Adults (End of Life) Bill (the Bill) was passed through the House of Commons, with 341 MPs voting in favour of the Bill and 291 MPs against the Bill, with a narrow majority of 23 votes.
12 June 2025
The Care Quality Commission’s Bid to Progress
What’s the issue?
The Care Quality Commission (CQC)’s update in May 2025 inevitably invoked a strong response with many in the health and social care sector. The regulator has openly acknowledged the significant delays that have affected providers in recent months - including in registration, assessment, report publication, and the handling of statutory notifications.