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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.

The CCAB, which brings together five professional accountancy organisations in the UK and Ireland, carried out a snapshot survey of accountants working across all sectors in July and August to take the ethical temperature of the profession.

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

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

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

As accountants, ethics must always be at the forefront of every decision that we make. The UK and Irish professional bodies that make up the CCAB have Codes of Ethics against which we hold our members accountable, which are all substantively based on the IESBA International Code of Ethics for Professional Accountants.

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

Paul Henry, Director of Osborne King and President of Chartered Accountants Ireland has been named as Chair of CCAB for 2020/22.

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.

CCAB has today published a new edition of the Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP).

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 […]

CCAB has today published an updated draft of its Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP) for comment.

CCAB (The Consultative Committee of Accountancy Bodies) welcomes the publication by Accountancy Europe, Implications of Brexit on cooperation within the European audit profession.

CCAB (The Consultative Committee of Accounting Bodies) has welcomed this week’s launch of a nationwide anti-corruption strategy, including the formation of a National Economic Crime Centre, as an important first step in an integrated approach to financial crime.

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 has today published a new edition of the Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP).

The first Manifesto for Fighting Economic Crime is published today by CCAB, the collective of five accountancy bodies – ICAEW, ACCA, CIPFA, ICAS and Chartered Accountants Ireland – highlighting four key public policy areas for improvement to the effectiveness and capabilities of anti-money laundering (AML) in the UK.

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

Global action needs to be taken to counter bribery and corruption in the UK and on the global stage, say the major professional accountancy bodies in the UK and Ireland, with IFAC’s President Olivia F Kirtley adding strong support to their statement.

CCAB, the forum for accountancy bodies in the UK and Ireland, is calling on businesses to engage with the debate on EU reform, and ensure they are aware of the information and resources to inform their understanding of the role of the European Union, and how its relationship with business could become more effective.

CCAB, the forum for accountancy bodies in the UK and Ireland, has today published a new report, which captures the opinions of senior business leaders in the UK and Ireland on the effectiveness of the European Union, highlighting five key areas for potential reform.

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 by CCAB, the debate focused on the importance of greater professional scepticism and transparency.

Accountant’s “professional scepticism” is the first line of defence in tackling money laundering and terrorist financing, says guidance issued today by the Anti-Money Laundering Taskforce of CCAB, the collective forum of accountancy bodies ICAEW, ACCA, ICAS, CIPFA and Chartered Accountants Ireland.

Easily accessible advice and information on choosing the right accountant/tax adviser is now available on the CCAB website.

A new directive agreed in the European Parliament recognises the need to strengthen regulation in the face of changing technology.

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 […]