All United Kingdom articles
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ArticleICO draft guidance helps U.K. firms clarify AI choices
The U.K. Information Commissioner’s Office has released guidance that lays out four principles—based on the GDPR—companies must consider when applying AI to their systems.
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FRC reveals key trends in U.K. accountancy profession
A new report from the U.K.’s Financial Reporting Council says the Big Four increased their combined “total fee income” by 4.7 percent—even amid a year fraught with accounting scandal.
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Third Brexit delay approved: What’s next?
The countdown clock for the United Kingdom’s exit from the European Union has been reset to January 2020, giving PM Boris Johnson a set of new options to pursue in order to facilitate a deal.
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PM Boris Johnson forced to ask for Brexit delay
Confusion surrounds the latest on the Brexit front, with beleaguered PM Boris Johnson sending two contradictory letters to European leaders—one asking for a delay and the other suggesting they ignore this request.
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U.K.’s ‘no deal’ Brexit readiness report puts onus on businesses
The U.K. government this week released details about the steps it will take to ensure business continues to operate smoothly if the country leaves the European Union on Oct. 31 without a deal.
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U.K. Parliament closes amid Brexit uncertainty
Boris Johnson’s plans to split from Europe blew up in his face, resulting in one of the biggest false-starts any U.K. Prime Minister has endured. Not only is Brexit likely to be delayed, but Johnson and his government are now legally bound to seek a deal—or else.
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Boris Johnson loses control of Brexit
Britain PM Boris Johnson’s firm stance on Brexit has been shot down by Parliament; it remains to be seen when (or if?) the United Kingdom will be departing the European Union.
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Amid industry crackdown, U.K. audit firms evolving with the times
It’s been an intense year for the audit industry in the United Kingdom—and things are expected only to get tougher as a new audit regulator, with new leadership and stronger statutory powers, prepares to take the reins.
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In Brexit gambit, U.K. signs legislation to ban EU laws
The repeal of the European Communities Act provides a “clear signal” that the U.K. government intends to leave the European Union without extending the Brexit deadline—with or without a deal.
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New PM Boris Johnson vows Brexit by Oct. 31 deadline; businesses wary
Newly elected Prime Minister Boris Johnson will enter 10 Downing Street with exactly 100 days to deliver the Brexit he has promised.
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U.K. audit regulators see no improvement in audit quality
U.K. audit regulators saw no improvement in audit quality in their most recent inspections, indicating none of the major firms achieved targeted pass rates.
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Lloyd’s culture survey aims to change workplace
Specialist insurance market Lloyd’s has initiated a confidential survey to help detect and ultimately root out a legacy of drunken and misogynistic behavior at the company.
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Companies House reforms to better protect U.K. companies from criminal activity
Companies House recently unveiled a substantial package of reforms that will do more to safeguard the personal data of business owners in an effort to offer U.K. companies greater protection from fraud.
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FCA publishes its Business Plan for 2019/20
The U.K. Financial Conduct Authority on 17 April published its Business Plan for 2019/20, outlining its key priorities for the coming year.
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U.K. gets tough on social media firms
Social media companies should beware new U.K. rules that say they’ll be subject to a new statutory duty of care making them responsiblie for their users’ safety.
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MP’s Brexit motions defeated for 2nd time
After another failed attempt at Brexit consensus, the United Kingdom remains in turmoil. Prime Minister Theresa May will meet with her cabinet Tuesday to decide next steps.
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Brexit deadlock: Going through the motions
With U.K. Prime Minister Theresa May’s Brexit deal twice defeated, Members of Parliament were tasked with finding an alternative solution through a series of eight “indicative,” non-binding votes. After all eight were rejected, what happens next?
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Companies walk judgment tightrope as Brexit doubts peak
Preparers are facing some brutal accounting judgments as they approach the end of a reporting period straddling key dates in a chaotic Brexit.
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One more time: Brexit pushed back by two weeks
U.K. Prime Minister Theresa May has gotten yet another reprieve, with the recent decision by European leaders to delay a decision on Brexit by two weeks. This gives May another chance to get the votes needed to pass her Brexit deal.
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U.K. narrow-minded to think breaking up Big Four a good idea
Big Four accounting expert James Peterson discusses ways in which the United Kingdom may dismantle the Big Four, the possible consequences of each of the proposals, and which he thinks is the better solution.
