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Monday Morning Accounting News Brief: Firms Fight Back on Public Metrics; A Rejection or a Blessing? | 1.6.25

Going Concern

Several accounting firms argued disclosing the metrics to the audit committee of a companys board would be better than making them public for shareholders because that is the committee that ultimately appoints the auditor. As a refresher, these are the metrics the PCAOB wants firms to start reporting: Partner and Manager Involvement.

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Friday Footnotes: Auditors Can Prevent Fraud With Fibbing; AI Rollup Accounting Firms Are So Hot Right Now | 6.20.25

Going Concern

Max 60 tax audits per partner likely: ICAI [ The Economic Times ] A partner of an accounting firm will be allowed to take up a maximum of 60 tax audits in a year from FY27, Institute of Chartered Accountants of India (ICAI) president Charanjot Singh Nanda said. appeared first on Going Concern.

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Case study: Touchlight Genetics Limited

Menzies

Menzies LLP - A leading chartered accountancy firm. Results and outcome Accounts Corporation Tax R&D/Innovation Menzies supported Touchlight in the accounts preparation for the group, to facilitate the audit of their financial statements.

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Key Takeaways from Crypto Discussion Paper DP23/4: The Future of Stablecoin Regulation

Menzies

Menzies LLP - A leading chartered accountancy firm. An annual report from an independent external auditor will be required, again similar to the requirements of existing firms applying CASS. As a starting point, this discussion paper was the first to be released from the FCAs Crypto Roadmap.

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The UK Crypto Rulebook Takes Shape: Analysing the FCA’s CP25/14 Proposals

Menzies

Menzies LLP - A leading chartered accountancy firm. An annual review, by an auditor, of the 1:1 backing statement will be required. The support industries, including compliance consultants and auditors, will be under pressure to deal with the requirements and will face their own challenges.

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Accounting is One of the ‘Most Common’ Occupations: KPMG Research

Going Concern

Accountants & Bookkeepers 420,400 442,800 22,400 5.3% from 2014-2024 there is still a shortage of accounting talent in Australia (willing to work for the salaries offered there, that is). Tech & IT Professionals 320,900 497,300 176,400 55.0% Receptionists & Office Clerks 455,900 482,000 26,100 5.7% Despite growth of 5.3%

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Identifying CASS Breaches and Reporting

Menzies

Menzies LLP - A leading chartered accountancy firm. Reporting Breaches All breaches will ultimately be reported to the FCA as part of the External Auditor CASS Assurance Report which is undertaken on an annual basis. The details of the roots cause analysis should also be documented with any actions taken to address the issue.