The Accountant (UK)

The Accountant is recognized as the world's oldest publication focused on accountancy. Originally started as a UK journal addressing accountancy topics, it has now widened its scope to include global issues. Currently, The Accountant is published every month and features a variety of subjects such as updates on accounting standards, corporate reporting, audit quality, workforce shortages, technological advancements, IFRS, succession planning, tax matters, and auditor responsibilities.

International, Trade/B2B

English

Magazine

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Global

#882706

United Kingdom

#106715

Finance/Accounting and Auditing

#253

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Comment - The Accountant

1 month ago | theaccountant-online.com | Joe Pickard |Kurt Robson

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PCAOB enforcement activity in 2024 hit record high

1 month ago | theaccountant-online.com | Shivam Mishra

The Public Company Accounting Oversight Board (PCAOB) saw record enforcement activity in 2024, marking the highest level since 2017, according to a report by the US-based Cornerstone Research. The report, PCAOB Enforcement Activity—2024 Year in Review, highlights a surge in regulatory actions, with total monetary penalties reaching an all-time high of $35.7m—up 78% from 2023. These penalties accounted for nearly 40% of all fines imposed since the PCAOB’s inception.
CIPFA welcomes NAO report on local government challenges

1 month ago | theaccountant-online.com | Shivam Mishra

The Chartered Institute of Public Finance and Accountancy (CIPFA) has said that it views the National Audit Office’s (NAO) report on local government financial sustainability as an acknowledgment of the sector’s persistent financial crisis. The report by the UK’s independent public spending watchdog highlights the increasing unsustainability of local government finances due to rising demand for essential services, delayed financial reforms, and reduced investment in preventative programmes.
EU’s Omnibus directive needs careful consideration, says ACCA

1 month ago | theaccountant-online.com | Shivam Mishra

The Association of Chartered Certified Accountants (ACCA) has highlighted the necessity for careful evaluation of the European Union’s (EU) ‘Omnibus’ directive. Announced in February 2025, the directive proposes changes to the European Green Deal, aiming to reduce the number of companies required to publish sustainability details and delay implementation by a year.
New PCAOB knowledge check for auditors

1 month ago | theaccountant-online.com | Shivam Mishra

The Public Company Accounting Oversight Board (PCAOB) has introduced a new knowledge check to help auditors evaluate their understanding of AS 2310, The Auditor’s use of confirmation. This new standard, effective for audits of financial statements for fiscal years ending on or after 15 June 2025, replaces the interim standard, AS 2310, The Confirmation Process.
EC Omnibus proposals a “significant” retreat: ICAEW

1 month ago | theaccountant-online.com | Shivam Mishra

The Institute of Chartered Accountants in England and Wales (ICAEW) considers the European Commission’s (EC) newly adopted ‘Omnibus’ proposals a “significant” retreat from the original sustainability reporting ambitions. With the fresh set of proposals, the EC aims to streamline the bloc’s regulations and enhance competitiveness, facilitating greater investment opportunities.
IASB releases third edition of IFRS for SMEs

1 month ago | theaccountant-online.com | Shivam Mishra

The International Accounting Standards Board (IASB) has published the third edition of the International Financial Reporting Standards (IFRS) for small and medium sized enterprises (SMEs) Accounting Standard. This marks the completion of its second comprehensive review. This revised standard reflects improvements made to full IFRS Accounting Standards, ensuring financial reporting remains relevant and proportionate for smaller businesses, while incorporating targeted modifications.
Accounting firms view AI as growth driver

2 months ago | theaccountant-online.com | Shivam Mishra

Artificial intelligence (AI) is anticipated to greatly impact the accounting profession, although it is not yet a top strategy among firms identifying as innovators or early adopters, as per Wolters Kluwer Tax & Accounting’s Future Ready Accountant Report. Only 27% of tax and accounting professionals currently use Generative AI, with another 22% planning to adopt it within the next year.
ICAEW and SC partner to enhance sustainability disclosures

2 months ago | theaccountant-online.com | Shivam Mishra

The Institute of Chartered Accountants in England and Wales (ICAEW) and the Securities Commission Malaysia (SC) have embarked on a collaboration to enhance expertise in sustainability disclosures. This partnership, formalised through a Letter of Intent, focuses on capacity-building, with ICAEW offering specialised training on climate-related financial disclosures and sustainability certifications.
AAT appoints executive director of performance and transformation

2 months ago | theaccountant-online.com | Joe Pickard

The Association of Accounting Technicians (AAT) has appointed Greg Ferrari as executive director of performance and transformation. In this position, Ferrari will lead AAT’s finance, IT, project management, and people teams. Commenting on his appointment, Ferrari said: “I’m excited to be joining AAT at this pivotal moment in its development. Its 2030 Strategy shows a clear commitment to understanding and adapting to the needs of members and students, both now and in the future.