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CCAB issues revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP)

Effective for periods commencing on or after 1 July 2024 with early adoption permitted. CCAB has today published a new edition of the LLPs SORP. The […]

Accountancy profession contributed £98bn to UK and Irish economies, new report reveals

The accountancy profession – comprising the accountancy sector, as well as accountants working across the wider economy – made a combined £98 billion (€114 billion) contribution […]

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

CCAB has today published an updated draft of its LLPs SORP for comment.

New ethics resources prepared by CCAB

CCAB’s response to the FRC’s consultation on the finding of the new regulator, ARGA, can be found here:

Free Ethics Webinar – Resilience Under Pressure

15TH JUNE 2023: 11AM TO 12 NOON, BST Event Information and Registration The last ethical survey of the profession undertaken by CCAB revealed that some accountants […]

CCAB response to the Arga funding consultation

CCAB’s response to the FRC’s consultation on the finding of the new regulator, ARGA, can be found here:

Client Due Diligence Case Studies

Following research commissioned by CCAB in September 2020 into accountant’s perceptions of anti-money laundering regulation and “Know Your Client” checks, the CCAB has published the following case studies to assist the profession in keeping its knowledge of this vitally important topic up to date.

ICAEW President Julia Penny is new Chair of CCAB

Julia Penny, President of chartered accountancy body ICAEW, has been named as Chair of CCAB (the Consultative Committee of Accountancy Bodies) for 2022- 2024.

Ethical Dilemmas Case Studies

Following the publication of the findings of the CCAB Ethics Survey, we have developed three case studies which illustrate how the codes of ethics of the CCAB bodies can be applied by professional accountants working in business, not-for-profit and the public sector.

Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP) – Press Release

CCAB issues revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP)

CCAB Ethics Survey 2021

CCAB’s informal survey was designed to take the ethical temperature of the accountancy profession in the UK and Ireland over the last 3 years and as we emerge from the COVID-19 pandemic; the results are presented here.

CCAB Ethics Survey 2021 – Press Release

The CCAB, which brings together five professional accountancy organisations in the UK and Ireland, carried out a snapshot survey of accountants working across all sectors in July and August to take the ethical temperature of the profession.

CCAB Economic Crime Manifesto

Since the publication of the previous CCAB Economic Crime Manifesto we have worked closely with government to address the areas of concern.

CCAB Guidance on Boundaries of Personal and Professional Life in Ethics

This guidance focuses on the boundaries of professional and private behaviour for members of CCAB accountancy bodies.

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

CCAB has today published an updated draft of its LLPs SORP for comment. 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.

CCAB Ethics Survey

As accountants, ethics must always be at the forefront of every decision that we make. The UK and Irish professional bodies that make up the CCAB have Codes of Ethics against which we hold our members accountable, which are all substantively based on the IESBA International Code of Ethics for Professional Accountants.

The costs and benefits of client due diligence for Anti-Money Laundering – the results of CCAB’s research project are published

The CCAB commissioned a third-party agency Populus (now Yonder) to conduct research into their members’ views on the client due diligence checks they are required to perform as part of their Anti-Money Laundering responsibilities.

Osborne King Director Paul Henry is appointed new chair of CCAB

Paul Henry, Director of Osborne King and President of Chartered Accountants Ireland has been named as Chair of CCAB for 2020/22.

Phishing and Insider Fraud

The practice of Fishing is the removal of a creature from its habitat which does not wish to be removed. The practice of Phishing is the removal of information from an individual who does not wish to provide the information which has been removed.

Covid-19 Supplementary Anti Money Laundering Guidance – Completion of Client Due Diligence (CDD) During Urgent Work

In view of the current Covid-19 there may be circumstances in which a client requires urgent advice in a time frame that does not allow completion of client due diligence (CDD) in sufficient time.

CCAB issues revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships

CCAB has today published a new edition of the Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP).

Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships 2019

CCAB has published an updated draft Statement of Recommended Practice (SORP) on accounting by Limited Liability Partnerships (LLPs) for comment by 17 October 2018. The SORP […]

Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships

CCAB has today published an updated draft of its Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP) for comment.

Implications of Brexit on cooperation within the European audit profession

CCAB (The Consultative Committee of Accountancy Bodies) welcomes the publication by Accountancy Europe, Implications of Brexit on cooperation within the European audit profession.

National Economic Crime Centre is a welcome addition to the fight against economic crime, say leading accountancy bodies

CCAB (The Consultative Committee of Accounting Bodies) has welcomed this week’s launch of a nationwide anti-corruption strategy, including the formation of a National Economic Crime Centre, as an important first step in an integrated approach to financial crime.

Statement of Recommended Practice Accounting LLP SORPs

Effective for periods commencing on or after 1 January 2016. Early adoption is permitted for accounting periods beginning on or after 1 January 2015 provided that The Limited Liability Partnerships […]

CCAB issues revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships

CCAB has today published a new edition of the Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP).

CCAB launches its first Economic Crime Manifesto advising government to “lead by example” to fight money laundering

The first Manifesto for Fighting Economic Crime is published today by CCAB, the collective of five accountancy bodies – ICAEW, ACCA, CIPFA, ICAS and Chartered Accountants Ireland – highlighting four key public policy areas for improvement to the effectiveness and capabilities of anti-money laundering (AML) in the UK.

Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships

CCAB has today published an updated draft of its LLPs SORP for comment. 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.

Driving out bribery and corruption is a global mission, say professional accountancy bodies CCAB and IFAC comment ahead of the first global anticorruption summit

Global action needs to be taken to counter bribery and corruption in the UK and on the global stage, say the major professional accountancy bodies in the UK and Ireland, with IFAC’s President Olivia F Kirtley adding strong support to their statement.

Accountancy bodies calls for informed debate on EU Reform

CCAB, the forum for accountancy bodies in the UK and Ireland, is calling on businesses to engage with the debate on EU reform, and ensure they are aware of the information and resources to inform their understanding of the role of the European Union, and how its relationship with business could become more effective.

Business leaders point to EU Reform for more effective Europe

CCAB, the forum for accountancy bodies in the UK and Ireland, has today published a new report, which captures the opinions of senior business leaders in the UK and Ireland on the effectiveness of the European Union, highlighting five key areas for potential reform.

CCAB completes annual review of LLPs SORP

In keeping with the FRC’s Policy and Code of Practice on SORPs, the CCAB has recently completed its annual review of the Limited Liability Partnerships SORP.

CCAB launches European discussion on the role of finance professionals in fighting money laundering and terrorist financing

Experts from across Europe gathered in Brussels to discuss the role of accountants and finance professionals in implementing anti-money laundering requirements and fighting terrorist financing. Organised by CCAB, the debate focused on the importance of greater professional scepticism and transparency.

Be aware of financial activity alarm bells, warns CCAB Anti Money Laundering Taskforce

Accountant’s “professional scepticism” is the first line of defence in tackling money laundering and terrorist financing, says guidance issued today by the Anti-Money Laundering Taskforce of CCAB, the collective forum of accountancy bodies ICAEW, ACCA, ICAS, CIPFA and Chartered Accountants Ireland.

CCAB hosts advice on choosing the right accountant or tax adviser

Easily accessible advice and information on choosing the right accountant/tax adviser is now available on the CCAB website.

CCAB welcomes European Parliament Money Laundering Directive and urges UK Government to lead the way on joined up initiatives

A new directive agreed in the European Parliament recognises the need to strengthen regulation in the face of changing technology.

Statement of Recommended Practice Accounting LLP SORPs

Effective for periods commencing on or after 1 January 2015 and for any earlier periods in which a Limited Liability Partnership (LLP) chooses to adopt FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland […]