CCAB has issued an alert to practising firms drawing their attention to changes in accounting that are likely to have a major impact on the accounts of many Limited Liability Partnerships.
CCAB has written to the Government about the tax problems that will be caused by UITF Abstract 40 - the new accounting standard which changes the way that service providers may need to account for revenue and work in progress.
The Consultative Committee of Accountancy Bodies (CCAB) has published an exposure draft of a revised Statement of Recommended Practice (SORP) on accounting by Limited Liability Partnerships (LLPs).
The SORP applies UK Generally Accepted Accounting Practice (GAAP) to LLPs incorporated in Great Britain. Comments are requested by 31 December 2005.
CCAB voices concern that APB Ethical Standards will increase costs for SMEs
The Auditing Practices Board (APB) has published their ethical standards for auditor independence (ES 1 to 5) and issued for consultation the “Exemptions Available for Small Entities” (EASES).
Disclosure of Tax Avoidance Schemes and Legal Professional Privilege
CCAB has written to the Chancellor of the Exchequer, the Rt Hon Gordon Brown MP, expressing concern that these rules may not operate as the Government intends with the consequence that the legal profession will be put at an unfair advantage as compared to the accountancy profession.
Anti-Money Laundering (Proceeds of Crime and Terrorism) Second Interim Guidance For Accountants
Guidance issued by the Consultative Committee of Accountancy Bodies [CCAB] for accountants in fulfilling the requirements of the anti-money laundering sections of the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2003.
Anti-Money Laundering (Proceeds of Crime and Terrorism)
Guidance issued by the Consultative Committee of Accountancy Bodies [CCAB] for accountants in fulfilling the requirements of the anti-money laundering sections of the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2003.
