CA daily briefing: Friday 1 May
Your essential briefing of the morning's top news stories.
Good morning, Hilde Oesterkloeft here to give you today's essential updates.
The latest from ICAS
The IASB has issued an Exposure Draft on a proposed amendment to IFRS 16, Leases during COVID-19. Anne Adrain takes you through the draft in this article.
As the impact of coronavirus continues to spread across the world and the dust begins to settle, small businesses are suffering financially and are relying on their accountants to help steer them through a challenging time. Kate Neilson shares how to implement social distancing measures for office working.
The Technology Working Group (TWG) of the International Auditing and Assurance Standards Board (IAASB) has published non-authoritative support material related to technology: Audit documentation when using automated tools and techniques. Find out more from James Barbour here.
The ICAS Charities Panel met recently by video-conference for the first time. Like everyone else, our normal business is largely on hold and we are having to adjust to the new reality of remote working. However, for many charities it will not be possible for all activity to be delivered remotely, with charity staff and volunteers in the frontline of providing services. Read their message to charity trustees and charity staff here.
Today's top stories from around the web
- Ryanair may cut up to 3,000 jobs to survive virus (BBC News)
- UK business groups call for more help and predict a collapse in output (City AM)
- RBS profits halved by coronavirus hit, drops Bó brand (Reuters)
- Coronavirus: Worst daily loss for FTSE 100 in a month as economic damage hits shares (Sky News)
- Amazon investors told to 'take a seat' as demand jumps (BBC News)
- UK house prices outlook 'highly uncertain' as coronavirus kills growth, says Nationwide (City AM)
- ‘I’d lose everything’: Pub and restaurant owners join forces to demand payouts from insurers (The Independent)
- How the government plans to get the UK back to work (BBC News)
- UK's Barratt says much of construction workforce will return in May (Reuters)
- Pandemic will 'vastly accelerate' decline of UK high street, MPs told (The Guardian)
That's all for today. Check back next week for your Monday briefing.