Insights

21 Jun 2023Economic Updates

Why is inflation so persistent?

Is persistent inflation here to stay?

20 Jun 2023Local Authorities

Financial problems in Guizhou

Local authorities in other countries can get into financial difficulties too. It’s not just Woking, Thurrock, Slough and Croydon that have been making headlines recently. Guizhou, a region in China, has been in the press over concerns about high debt levels, a likelihood of default and the possibility of a bail-out from the central government in Beijing.

19 Jun 2023Press Releases

New Secured Deposit Service

We are proud to announce that we have successfully supported the trading of secured deposits in collaboration with the innovative fintech Consort1, along with Clearstream, Standard Chartered Bank, NatWest, Alpha Group, and BankClarity, with Gloucestershire County Council being among the first UK local authorities to utilise the new service.

19 Jun 2023Local Authorities

What’s your opinion of local authority accounts?

A product of the audit process is for an independent assessment on the financial statements of an organisation to express an opinion on their fairness and compliance with applicable accounting principles, which is given through the auditor’s opinion.

15 Jun 2023Investing

Active vs Passive Investing?

Given the challenge presented by the last few years, are we any closer to settling the perennial active versus passive debate?

09 Jun 2023Technical

Auditing Local Authority Accounts

The crisis in the audit of local authority accounts has been widely publicised with the Department for Levelling Up Housing and Communities (DLUHC) currently carrying out an inquiry into the current backlog that exists. What changes could be made?

07 Jun 2023Technical

Accounting for Fair Value through Other Comprehensive Income

Back in April the IFRS 9 Statutory Override was extended for a further two years. Should the Government and the accounting standard setters apply FVOCI as the way to account for these instruments going forward?

06 Jun 2023Economic Updates

What is the Consumer Confidence Index?

The GfK Consumer Confidence indicator in the UK rose to -27 in May 2023 from -30 in April, improving for the fourth consecutive month. However, the index remained below its long-term average, suggesting that a clear majority of respondents continued to report low confidence, in line with data pointing to falling UK retail sales.

30 May 2023Technical

How to Implement IFRS 16?

IFRS 16 – Just as you thought it was safe to have a holiday!