Financial reporting quarterly update Q1

This webinar will cover

Section 1 - Money Laundering, Terrorist and Proliferation Financing (MLTPF) Update

  1. Reminder of the FATF October 2024 Black and Grey Lists
  2. A brief overview of Companies House Reforms
  3. Dealing with risk identified by CDD procedures and ensuring that the conclusion is valid
  4. Reminder about the need to undertake event driven CDD reviews
  5. Tips on making good quality reports to the NCA
  6. Firm wide risk assessment and AML policies and procedures – ensuring they are tailored and up to date.
  7. Staff training frequency and competency.

Section2 – Financial Reporting Update

  1. Change in Company Size as from 6 April 2025 (A reminder)
  2. Reduction in the level of disclosure in Directors Reports
  3. Changes to FRS 102 (section 1A) and FRS 105 – Part II
    • • Very Brief Overview
    • • More in Depth Consideration of the ‘New’ Disclosure Requirements for Small Companies Relating to:
    • • Prime Statements
    • • Accounting Policies
    • • Tax and Deferred Taxation
    • • First time adoption

4. FRCs Issues Updated FRS 102 Factsheets.

Section 3 – Other Areas

  1. The need for landlords to register with the ICO
  2. ICO Helpline reopens
  3. Considering the need for sexual harassment training
  4. AI policies and procedures
  5. Other current developments.

Date: Tuesday 11 March 2025

CPD hours: 2
Price:
IFA members & affiliate - £59
Non-members - £83

 

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