Insights

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 […]

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.

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. […]

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

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

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.

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 […]

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 […]

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

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.

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

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.

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

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.

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

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

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

CCAB has responded to the FRC’s consultation document.

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.

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.

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.

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.

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) […]

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 […]

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 […]

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 […]

For reference purposes only, this guidance has been superseded by The Anti-Money Laundering and Counter-Terrorist Financing Guidance for the Accountancy Sector 2020

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 […]

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 […]

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 […]

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

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 […]

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.

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

Effective for periods commencing on or after 1 January 2015 and for any earlier periods in which a Limited Liability Partnership (LLP) chooses to adopt FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland […]

CCAB has launched today new research into perceptions of the UK's Anti Money Laundering regime and will discuss the future of this important legislation. The research […]