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Ethics Responses

As part of its remit, the ICAS Ethics Board responds to ethics related consultations.

Sustainable Finance Discussion

Organisations are increasingly coming under pressure from regulators and other stakeholders to take action to manage and report upon their sustainability risks.

Can the ATO profile tax agents?

So how can $130.8 million help an organisation the size of the ATO to police a nation of tax agents and taxpayers? Easily, remarked Robyn. “The ATO doesn’t necessarily have to devote labour to these reviews and checks,” she said. “They can use data matching. They build software systems, very sophisticated data matching programmes, then obtain data from third parties and match it up to their data. The system spits out exceptions and anomalies and that report is all they need to tell them where to look.” The ATO can also profile individual tax agents by looking at data such as average deduction claims for clients of a specific agent, average income of an agent’s clients, predominant occupation code of their clients, an agent’s prosecutions and amendments rates, etc. “If any of these are disproportionately higher or lower than other agents then that attracts the ATO’s attention,” she said. “If people are shopping around to find tax agents who will give them better deductions, those agents will be easily identified, and this is a good thing. After all, if everybody paid the correct amount of tax, everybody would pay less tax.”

Smiles for World Emoji Day

Emoticons can land you in hot water ☹ if you use them at the wrong time :-o, or sometimes if you use them at all. Are they a vital tool in today’s digital age, or should they be reserved for home-life?

Mega mergers and retail woes

While takeovers are proving lucrative for some, the continuing slump in traditional retail is a cause for concern, says Angus McCrone.

Pensions experts on the spot

Watch the Q&A from ICAS' inaugural Challenging Conversations event on pensions, chaired by Merryn Somerset Webb and including a panel of leading players from the industry.

Challenging Conversations

Challenging Conversations creates a platform for debate on these important issues, among CAs, with industry and policy makers to tackle the big issues facing society.

Pensions debate: video highlights

Watch the highlights from ICAS' inaugural Challenging Conversations event on pensions, chaired by Merryn Somerset Webb and including a panel of leading players from the industry.

Watch the Big Pensions Debate

Watch the debate from ICAS' inaugural Challenging Conversations event on pensions, chaired by Merryn Somerset Webb and including a panel of leading players from the industry.

Innes Smith CA: from FD to CEO

Innes Smith tells Robert Outram about his transition from FD to CEO at Springfield Properties, a company on a mission to build high-quality, affordable housing.

HMRC spin their annual tax gap yarn

As HMRC report once again on measuring how much tax has not been collected, Donald Drysdale sees the tax gap as a massive cost we cannot afford.

CA Student Blog

In today's blog, we offer some guidance on TPS terms and the resources available to you. We go back to basics on a materiality introduction for PAR, and advise on how to use the TPS examiner report as well as the verbal feedback service. If you are taking or considering the ITP qualification, we explain how it applies beyond books and uses real-life.

Your guide to IFRS open books

It’s important to know the difference between the International Finance Reporting Standards two volumes – in this article, Subject Controller Ally Millar helps you understand how to use these books for Financial Reporting.

Common terms in TPS

To help with your TPS revision, we've put together a glossary of important terms to use as an aid. A more in-depth guide to common abbreviations and phrases can be found in your course materials.

Back to basics: Materiality Intro

Materiality is a fundamental concept of the audit process. In reaching an opinion on the financial statements, auditors assess whether there are any material misstatements. This is the first of three back to basics articles looking at materiality and provides an overall introduction of materiality and its purpose for the audit engagement.

Real-life in the ITP qualification

Focus on the ITP (ICAS Tax Professional) qualification: Fiona Winter, a director in the CA Education team updates us on the ways in which assessment, particularly the final case study, takes a real-life approach.

Brexit White Paper 2 July 2018

David Wood explains the potential impact that the Government’s Brexit White Paper, published on 12 July, will have on the profession.

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