The CCAB Ethics Group has begun a series of activities to explore how the profession can continue to engage with the huge potential benefits provided by AI tools, while complying with the fundamental ethical principles that govern the profession.
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. [...]