Insights

CCAB publishes guidance for the accountancy profession and discussion papers intended to facilitate debate around public policy issues.
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The Centrality of Ethics to the Accountancy Profession

Global Ethics Day will be celebrated on 16th October 2024. This initiative, founded by the Carnegie Council for International Affairs is now in its eleventh year. […]

CCAB issues revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP)

Effective for periods commencing on or after 1 July 2024 with early adoption permitted. CCAB has today published a new edition of the LLPs SORP. The […]

The Accountancy Profession in the UK and Ireland

CCAB has published a report, The Accountancy Profession in the UK and Ireland, prepared on our behalf by Oxford Economics. This third report seeks to demonstrate […]

Responses to CCAB’s Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships 2024

CCAB published an updated draft Statement of Recommended Practice (SORP) on accounting by Limited Liability Partnerships (LLPs) for comment on 4 August 2023. Find out more here.

Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP)

CCAB has today published an updated draft of its LLPs SORP for comment.

Draft Statement of Recommended Practice Accounting by Limited Liability Partnerships

The underlying purpose of the SORP is to deal with issues that are specific to LLPs and ensure that, as far as possible, LLPs present financial statements that are comparable with those of other entities. […]

New ethics resources prepared by CCAB

CCAB’s response to the FRC’s consultation on the finding of the new regulator, ARGA, can be found here:

CCAB response to the Arga funding consultation

CCAB’s response to the FRC’s consultation on the finding of the new regulator, ARGA, can be found here:

Client Due Diligence Case Studies

Following research commissioned by CCAB in September 2020 into accountant’s perceptions of anti-money laundering regulation and “Know Your Client” checks, the CCAB has published the following case studies to assist the profession in keeping its knowledge of this vitally important topic up to date.

Anti-Money Laundering and Counter-Terrorist Financing Guidance for the Accountancy Sector 2023

This guidance is based on the law and regulations as of 13 July 2021. Please note that while most requirements remain, some requirements of the regulations relating to EU lists no longer apply since the UK has […]

CCAB joint statement to the profession following recent and on-going developments in Ukraine

Members will be aware of recent developments in Ukraine and the ongoing imposition of further financial and trade sanctions on Russian and Belarusian Government officials and […]

CCAB response to the FRC’s draft 3 Year – Plan 2023-25

We appreciate this opportunity to comment on the FRC’s Draft 3 Year Plan for 2022-25.

Ethical Dilemmas Case Studies

Following the publication of the findings of the CCAB Ethics Survey, we have developed three case studies which illustrate how the codes of ethics of the CCAB bodies can be applied by professional accountants working in business, not-for-profit and the public sector.

Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP)

CCAB issues revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP)

CCAB Ethics Survey 2021

CCAB’s informal survey was designed to take the ethical temperature of the accountancy profession in the UK and Ireland over the last 3 years and as we emerge from the COVID-19 pandemic; the results are presented here.

Case studies for small practitioners

Two scenarios related to inadvertent involvement in money laundering and incomplete records.

Non-payment of tax: when does this potentially give rise to reportable criminal proceeds?

The current pandemic crisis has put strain on the cashflows of many businesses. This note considers the obligations that an accountant may have if they become aware that a business that they work for, or one for which they act, is deliberately failing to pay their taxes when due.

CCAB Economic Crime Manifesto

Since the publication of the previous CCAB Economic Crime Manifesto we have worked closely with government to address the areas of concern.

Defence Against Money Laundering (‘DAML’) requests and Insolvency Practitioners

CCAB guidance on Defence Against Money Laundering (‘DAML’) requests and their relevance to an Insolvency Practitioner.

Responses to CCAB’s Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships 2022

CCAB published an updated draft Statement of Recommended Practice (SORP) on accounting by Limited Liability Partnerships (LLPs) for comment on 5 July 2021. The SORP applies […]

CCAB Guidance on Boundaries of Personal and Professional Life in Ethics

This guidance focuses on the boundaries of professional and private behaviour for members of CCAB accountancy bodies.

Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnership 2022

CCAB has published an updated draft Statement of Recommended Practice (SORP) on accounting by Limited Liability Partnerships (LLPs) for comment by 24 September 2021.

The Financial Reporting Council (FRC) Strategy and Plan and Budget for 2021/22

CCAB has responded to the FRC’s consultation document.

Research project – the costs and benefits of client due diligence for Anti-Money Laundering

The CCAB commissioned a third-party agency Populus (now Yonder) to conduct research into the views of CCAB body members on the client due diligence checks they are required to perform as part of their Anti-Money Laundering responsibilities.

Anti-Money Laundering and Counter-Terrorist Financing Guidance for the Accountancy Sector 2020

This is draft guidance pending approval from HM Treasury, published in September 2020. This guidance is based on the law and regulations as of 10 January 2020.

Phishing and Insider Fraud

The practice of Fishing is the removal of a creature from its habitat which does not wish to be removed. The practice of Phishing is the removal of information from an individual who does not wish to provide the information which has been removed.

Covid-19 Supplementary Anti Money Laundering Guidance – Completion of Client Due Diligence (CDD) During Urgent Work

In view of the current Covid-19 there may be circumstances in which a client requires urgent advice in a time frame that does not allow completion of client due diligence (CDD) in sufficient time.

Statement of Recommended Practice Accounting by Limited Liability Partnerships 2019

Effective for periods commencing on or after 1 January 2019. CCAB has published a new edition of the SORP on Accounting by Limited Liability Partnerships (LLPs) […]

The Accountancy Profession in the UK and Ireland

CCAB has published a report, The Accountancy Profession in the UK and Ireland, prepared on our behalf by Oxford Economics. This second report includes data for […]

Responses to CCAB’s Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships 2019

CCAB published an updated draft Statement of Recommended Practice (SORP) on accounting by Limited Liability Partnerships (LLPs) for comment on 2 August 2018. The SORP applies […]

Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships 2019

CCAB has published an updated draft Statement of Recommended Practice (SORP) on accounting by Limited Liability Partnerships (LLPs) for comment by 17 October 2018. The SORP […]

Anti-Money Laundering Guidance for the Accountancy Sector 2018

For reference purposes only, this guidance has been superseded by The Anti-Money Laundering and Counter-Terrorist Financing Guidance for the Accountancy Sector 2020

The Accountancy Profession in the UK

CCAB has published a report, The Accountancy Profession in the UK, prepared on our behalf by Oxford Economics. The report seeks to demonstrate the value of accountants […]

Statement of Recommended Practice Accounting LLP SORPs

Effective for periods commencing on or after 1 January 2016. Early adoption is permitted for accounting periods beginning on or after 1 January 2015 provided that The Limited Liability Partnerships […]

Fighting Economic Crime – a Manifesto

CCAB's Manifesto makes four proposals in relation to economic crime. The Manifesto is aimed at government but CCAB recognises that our profession also has a vital […]

CCAB case studies – helping professional accountants recognise and fight economic crime

Part of CCAB’s support to members of the accountancy profession to protect themselves and safeguard the wider economy.

Business in Europe: Researching Reforms for Sustainable Growth

The Business in Europe: Researching Reforms for Sustainable Growth report. CCAB has published a new report, which captures the opinions of senior business leaders in the […]

CCAB completes annual review of LLPs SORP

In keeping with the FRC’s Policy and Code of Practice on SORPs, the CCAB has recently completed its annual review of the Limited Liability Partnerships SORP.

Fighting money laundering and terrorist financing: the role of accountants and finance professionals

Experts from across Europe gathered in Brussels to discuss the role of accountants and finance professionals in implementing anti-money laundering requirements and fighting terrorist financing. Organised […]

New CCAB Guides

New guides for accountants on counter-terrorism financing and staying safe within the money laundering regulations.