CA daily briefing: Wednesday 20 May
Your essential briefing of the morning's top news stories.
Good morning, Hilde Oesterkloeft here with the latest news and updates from ICAS and around the world.
The latest from ICAS
Audit Scotland has published COVID-19: Impact on public audit in Scotland.
ICAS has issued guidance to assist directors of large private companies in their assessment of whether use of the going concern concept of accounting is appropriate when preparing financial statements.
Justine Riccomini explains why the Upper Tax Tribunal did not concur with HMRC’s arguments in this latest employment status case concerning football referees.
Today's top stories from around the web
- Coronavirus: Rolls-Royce to cut 9,000 jobs amid virus crisis (BBC News)
- Brexit: Minister won't rule out prospect of City losing EU access over fishing policy row (City AM)
- Stocks adrift as vaccine rally falters; gold and bonds rise (Reuters)
- Coronavirus: Rishi Sunak warns of 'recession like we've never seen' after record spike in jobless claims (Sky News)
- Coronavirus fallout to slow global growth in renewable energy (The Guardian)
- EY to split out audit governance (Accountancy Daily)
- Are Britain's banks strong enough for coronavirus? (BBC News)
- £500m Future Fund launch mired by fears startups will miss out (City AM)
- Coronavirus: Large firms that take bailout loans can’t pay bosses bonuses or dividends (The Independent)
- UK inflation rate falls sharply in April to 0.8%/a> (BBC News)
- M&S to accelerate change as profit falls 21% (Reuters)
That's all for now. Check back tomorrow for your Thursday briefing.