Acountancy Age

At Accountancy Age, we provide more than just numbers; we offer the latest updates, insights, and resources for accountants across the UK, whether they work in firms or within industries. Our aim is to build an informed and connected community within the accounting field. We cover essential topics like tax, technology, regulations, business, and the economy, delivering the insights that empower accountants to become strategic advisors for their clients and drive their businesses forward. We also highlight excellence in the profession by publishing rankings for firms and individuals, including the annual Top 50+50 UK Accountancy Firms and the British Accountancy Awards, which recognize outstanding achievements and professional growth in the UK accounting landscape. Recognizing the significance of career advancement, we offer our audience access to over 2,000 job listings from leading employers in the UK, along with expert analysis and guidance on career development within the accounting and finance sectors. With a subscriber base of 256,000, Accountancy Age keeps professionals informed about important issues while helping them advance their careers in finance. Sign up today with Accountancy Age to get the latest updates on topics that interest you straight to your inbox. You can also stay connected by following us on Twitter and joining our LinkedIn group. If your business targets accountants, check out our marketing solutions page to see how we can assist you in reaching and engaging with the accounting and finance community.

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Articles

Why going paperless is now a strategic move for accountancy firms

4 days ago | accountancyage.com | Marina Mouka

With growing pressure on accountancy firms to modernise their operations and align with sustainability objectives, the shift to paperless audit systems is proving to be more than a digital upgrade. It’s fast becoming a strategic and reputational imperative.
New corporate fraud offence to take effect in September—what firms must know - Accountancy Age

1 week ago | accountancyage.com | Marina Mouka

UK accountancy firms and their clients face a tightening of corporate liability rules from 1 September 2025, when the new offence of Failure to Prevent Fraud comes into force under the Economic Crime and Corporate Transparency Act (ECCTA).
Why expense systems are failing UK staff in 2025

1 week ago | accountancyage.com | Marina Mouka

A new Airwallex report–Reimbursement Frustrations–has highlighted the growing disconnect between employee expense expectations and reality in the UK, with outdated reimbursement processes now creating measurable financial strain for many workers—and increasing risk for employers. The findings, based on a 2025 survey of 2,000 UK employees, reveal that 43% of workers have encountered financial difficulty while waiting for expenses to be reimbursed.
EY under investigation for role in Post Office audit during crisis period

1 week ago | accountancyage.com | Marina Mouka

The Financial Reporting Council (FRC) has launched an investigation into EY’s audits of the Post Office, focusing on the period from March 2015 to March 2018—a time when the organisation was embroiled in the Horizon software controversy that has since become the most significant miscarriage of justice in British legal history. The inquiry will assess whether EY, one of the UK’s Big Four accountancy firms, met the auditing standards applicable during that time.
Grant Thornton partners paid £682k as Cinven deal closes

1 week ago | accountancyage.com | Marina Mouka

Partner payouts at Grant Thornton UK rose to an average of £682,000 in 2024, following the completion of a landmark private equity deal with Cinven—the largest such investment in the UK accountancy sector to date. The firm confirmed on Tuesday that the transaction had formally closed, triggering what it described as an “exceptional” £39 million bonus for staff, in addition to performance-related pay.
UK accountant confidence rises from record low, but caution persists

1 week ago | accountancyage.com | Marina Mouka

Confidence among UK accountants has edged up in the first quarter of 2025, following a historic low at the end of last year, according to the latest Global Economic Conditions Survey (GECS) from the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA).
UK’s young accountants lead surge in self-employed practices

1 week ago | accountancyage.com | Marina Mouka

A rising trend of young, qualified accountants establishing their own firms is reshaping the UK’s accounting landscape. According to new data from the Association of Accounting Technicians (AAT), the number of licensed accountants—those qualified to run their own businesses—has surged by 59% over the past seven years, with a significant spike among under-34s.
Q&A: Menzies’ Simon Massey on why audit automation isn’t about replacing people

1 week ago | accountancyage.com | Marina Mouka

When Simon Massey became Managing Partner at Menzies three and a half years ago, he didn’t anticipate his role would involve overseeing the introduction of AI-powered automation into one of accountancy’s most traditional bastions: the statutory audit. But fast forward to 2025, and the firm has taken a clear stance — not just on how to stay relevant, but how to stay human.
EY fined £4.9m for failing to meet standards in Thomas Cook audit

2 weeks ago | accountancyage.com | Marina Mouka

The Financial Reporting Council (FRC) has fined EY nearly £5m for “serious breaches of standards” in its audits of Thomas Cook’s financial statements for the years 2017 and 2018, which led to the travel company’s collapse in 2019. EY and one of its partners, Richard Wilson, admitted to failings related to their audit work, including the failure to adequately assess Thomas Cook’s financial health and its going concern status.
Bishop Fleming reveals new round of promotions

2 weeks ago | accountancyage.com | Marina Mouka

Bishop Fleming, a leading UK-based audit, accountancy, tax, and advisory firm, has announced a significant round of promotions across its operations in the West Midlands and South West. The new appointments come as the firm continues to expand its presence in the region, following a period of strong growth. The firm has appointed Dan Phillips as its new Audit Director.