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By Lauren Graham

22nd May 2025

Changes to lease accounting – how will this impact your financial statements? 

Businesses will soon be required to capitalise operating leases as a ‘right of use’ asset following a significant change under FRS 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland.

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By Steve Williams

10th March 2025

The new charity SORP – get ahead of the game now

Two key changes to the Charity SORP are income recognition and leases - two of the biggest amendments to UK accounting in recent years – and will impact how charities report their financial activities from 2026.

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By Steve Williams

6th February 2025

Reflections on the 2024 Academy Reporting Season and Top Tips for 2025

Looking forward to the 2025 academy reporting season, there are a few key areas to consider that can improve the process and ensure compliance.

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By Steve Williams

20th December 2024

Will my charity require an audit?

New legislation to increase the thresholds for company statutory audits has now been published by the Government but there are no changes to charity thresholds.

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By Matt Osbourne

19th December 2024

Audit reforms confirmed for 2025: What does this mean for your business?

The Government has published new legislation to increase company size thresholds, which determine whether a company requires a statutory audit, by 50% from 6 April 2025. As a result, for an estimated 132,000 businesses their audit will no longer be compulsory.

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By Armstrong Watson

7th October 2024

6 common SRA Accounts Rules breaches

The SRA Account Rules were revised in 2019 but there are some common breaches we see. Sadie Archibald, Legal Sector Audit Team Assistant Manager, looks at how these breaches can be managed internally. 

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By Armstrong Watson

18th July 2024

Armstrong Watson becomes first UK accounting firm to join Institute of Customer Service

Armstrong Watson is is aiming to be recognised as  “the best financial advisory firm to deal with, delivering the best client experience in the UK" and has become the first accounting firm to join The Institute of Customer Service

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By Lauren Graham

26th June 2024

Could you be saving money on your group audit?

When it comes to the audit of a group of companies in the UK, the UK parent company can make a statutory guarantee, to its subsidiary or subsidiaries to reduce the overall audit scope. But what are the benefits and risks?

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By Karen Rae

24th June 2024

Charity Trustees: six main duties and responsibilities

As a Trustee, you, alongside your fellow Board members, have overall control of a charity and are responsible for ensuring that it fulfils its charitable purpose and undertakes the activities it was established to do.

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By Steve Williams

13th June 2024

Independent examinations for small charities

With the noise around changing audit thresholds, trustees of smaller charities may be thinking “what about me?” The article considers how trustees can obtain accountability and support even when a charity is below the audit threshold.

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