Corporate Profiles

Discussion Papers and Guidance

International Study into Financial Reporting for Not-for-Profit Organisations (NPOs)

CCAB has today published the first comprehensive international study into financial reporting for not-for-profit organisations (NPOs).

The study, conducted for CCAB by academics from four prominent universities, and the first significant research of its kind, assessed the need and demand for stronger financial standards for NPOs internationally. The research was based upon a literature review and survey which received over 600 responses from 179 countries across the world.

  • The executive summary of the study can be found here »
  • The full report can be found here »

25 February 2014


Reponses to CCAB’s Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP)

CCAB published its draft Statement of Recommended Practice (SORP) on accounting by Limited Liability Partnerships (LLPs) for comment on 7 October 2013. The SORP applies UK generally accepted accounting practice (GAAP) to LLPs incorporated in the UK and the Republic of Ireland. The exposure draft can be found here. The consultation period closed on 10 January 2014. In accordance with the FRC’s Policy and Code of Practice, CCAB, as a SORP making body, is required to publish the responses that it receives. The responses are listed below and can be accessed through the links that are provided:

5 February 2014


Developing and Implementing A Code of Ethical Conduct

CCAB has published guidance, called Developing and Implementing a Code of Ethical Conduct, which is aimed at professional accountants intending to develop or enhance codes of conduct within their organisations, but CCAB believes that the advice and guidance could be applicable to a wider audience, in the private, public and not-for-profit sectors. The guidance can be found here.

27 January 2014


International Financial Reporting for the Not-for-Profit Sector

CCAB has appointed Sheffield Hallam University (SHU) to undertake a project which seeks to identify current local accounting practices for the not-for-profit sector internationally; a survey has now been published and an article can be found here.

8 November 2013


Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP)

CCAB has published its draft Statement of Recommended Practice (SORP) on accounting by Limited Liability Partnerships (LLPs) for comment. The SORP applies UK generally accepted accounting practice (GAAP) to LLPs incorporated in the UK and the Republic of Ireland. The exposure draft can be found here. The consultation period is three months (deadline 10 January 2014).

7 October 2013


The Financial Reporting Council (FRC) Draft Plan and Budget 2013/14

The FRC has consulted on its draft Plan and Budget for 2012/13. The consultation document can be viewed here. CCAB’s response can be found here.

2 April 2013


Taking the Long View: Stimulating the Growth in UK

CCAB’s survey of business and finance leaders here.


The Financial Reporting Council (FRC) Draft Plan and Budget 2012/13

The FRC has consulted on its draft Plan and Budget for 2012/13. The consultation document can be viewed here. CCAB’s response can be found here.

18 April 2012


Ethical Dilemmas Case Studies

CCAB has published case studies focused on ethical issues encountered by:

  • professional accountants in business Click here » Polish translation Click here »
  • professional accountants in public practice Click here » Polish translation Click here »
  • professional accountants working as non-executive directors Click here »
  • professional accountants working in the voluntary sector Click here »
  • professional accountants working in the public sector Click here » Polish translation Click here »

The purpose of these case studies is to provide guidance for resolving ethical problems and also encourage debate in these areas. CCAB welcomes feedback on the case studies and other ethics related issues. Please e-mail admin@ccab.org.uk.

CCAB Ethical Case Studies

18 April 2012


Proposals to Reform the Financial Reporting Council (FRC)

The Department of Business, Innovations and Skills (BIS) and the FRC have issued a joint consultation on proposals to reform the FRC. The consultation document can be found here. CCAB’s response can be found here.

17 January 2012


Corporate Disclosures on Sustainability

CCAB has commissioned this report to summarise the current position of corporate sustainability reporting in the UK and provide a thought piece to inform discussion and debate. The discussion paper can be found here »

CCAB welcomes feedback on the report. Please e-mail admin@ccab.org.uk.

CCAB Sustainability Report

31 October 2011


Audit Quality and Transparency - A study in the usage and impact of public reports on audit governance: are they providing appropriate reassurance on audit quality?

The Consultative Committee of Accountancy Bodies has today published the findings of a research project into the impact of recent initiatives in connection with the publication of Audit Inspection Unit reports, and with the proposals contained in the Audit Firm Governance Code. The document can be downloaded here.

21 Apr 2011


The FRC's Draft Plan & Budget and Levy Proposals 2011/12

The FRC has consulted on its draft Plan & Budget and Levy Proposals 2011/12. The consultative document can be accessed at  http://www.frc.org.uk/publications/pub2475.html. The CCAB's response can be found here.

25 Mar 2011


New Accounting Rules for LLPs

The Consultative Committee of Accountancy Bodies (CCAB) has  published a revised Statement of Recommended Practice (SORP) on Accounting by Limited Liability Partnerships (LLPs).  The SORP applies UK Generally Accepted Accounting Practice (GAAP) to LLPs incorporated in Great Britain. The revised SORP is published following agreement by the Accounting Standards Board (ASB) and the effective date will be 1 January 2010

The SORP (LLPs) can be downloaded here.

A press release can be downloaded here.

1 Mar 2010


Cross Profession Accounts Compilation Report

The CCAB has published a cross-profession accounts compilation report for use by practitioners who compile accounts to assist the company directors fulfil this requirement.

Company directors are required by law to prepare accounts for their company that give a true and fair view of its assets, liabilities, financial position and profit or loss. The CCAB has published a cross-profession accounts compilation report for use by practitioners who compile accounts to assist the company directors fulfil this requirement.

Download the CCAB accounts compilation report here.

08 Sep 2009

Read More »


CCAB Audit Conduct and Training Project

The CCAB audit conduct and training steering committee has published its report to the Financial Reporting Council (FRC) here.

This project was set up following an earlier initiative by the FRC on Promoting Audit Quality and the steering committee has identified some key issues that it believes are crucial to effective auditing. There are recommendations regarding further actions that ought to be taken in response to the steering committee’s findings.

03 Aug 2009


Voluntary Code of Practice on Disclosure of Audit Profitability

The Consultative Committee of Accountancy Bodies (CCAB) has published a Voluntary Code of Practice on Disclosure of Audit Profitability. It takes effect for accounting periods beginning on or after 6 April 2009.

Publication of the Code follows an invitation from the Financial Reporting Council (FRC) for the CCAB to develop guidance to audit firms on the voluntary disclosure of the financial results of their work on statutory audits and directly related services.

The Code is in line with a recommendation by the FRC’s Market Participants Group (MPG), developed as part of the Choice in the UK Audit Market project. The MPG published its Final Report in October 2007

Read Voluntary Code here.

27 Mar 2009


CCAB Anti-Money Laundering Guidance: August 2008

Guidance for all entities providing audit, accountancy, tax advisory, insolvency or related services, such as trust and company services, by way of business, on compliance with the law from 15th December 2007.  Firms should use this Guidance (which has been approved by HM Treasury) to implement the new requirements.

This guidance is the final version of that which was published on this web-site on 10 December 2007.  It has been updated to accommodate HM Treasury comments received.  Those with any queries should seek advise from their professional body or anti-money laundering regulator. Read the Document here

An exposure draft of the additional guidance for tax practitioners, which will be appended to the CCAB guidance, has been issued.  The guidance has been developed by the Chartered Institute of Taxation, the Institute of Chartered Accountants in England and Wales, the Association of Chartered Certified Accountants, the Chartered Institute of Management Accountants, the Association of Taxation Technicians, and HMRC.  This has been submitted to HM Treasury for approval.

19 Aug 2008

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