Quarterly update December 2021
The preparation of financial statements and annual statutory accounts is a constant part of an accountant's role – especially those working for a small business or advising them. Keep up to date with the changes in financial reporting requirements as well as any small changes in the accounting treatment of many differing areas by registering for these quarterly updates.
Contents of Quarter 4
Managing professional indemnity risk.
- AML - There a two pieces of legislation that all accountants should have a good understanding of, they are:
- The Bribery Act
- The Criminal Finance Act
The quarterly will remind you of the requirements of both pieces of legislation in relation to your practice, and will also consider the implication of the Bribery Act on your clients.
- PSC Registers – This is still an area of major concern, the quarterly will summarise the requirements where a company has PSCs and RLEs who are
- Individuals who control by virtue of their shares or voting rights
- Individuals who own shares jointly
- UK Companies
- Overseas Companies
- Individuals who control by other means (this will cover in particular charitable companies).
- ‘Red flag issues’ – This section will look at a number of questions that we should ask clients as part of our wider role as professional advisors when undertaking accounts preparation assignments.
- A road map for 2022 – What developments are expected in our sector.
Thursday, 2 December 2021, 10am - 12pm
About the speaker
Matthew Shaw is the Managing Director of Metis Compliance Limited. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a Fellow of the Association of Chartered Certified Accountants.
He has spent over 23 years in technical and training, previously being the technical director of the HAT Group of Accountants (HAT).
Matthew has lectured to accountants in practice, accountants in industry and financial institutions on UK financial reporting. He also spearheaded HAT’s response to FRS 102 and FRS 102 Section 1A, preparing disclosure checklists and work programmes.