1504Finance and Accountancy Briefings

Finance and Accountancy Briefing

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Demystifying compliance - a look at the impact of RTI, iXBRL and IFRS

Overview

The shifting framework of governing financial reporting has brought major process changes in the accountancy world. Just when accountants thought it was safe to go back in the water, there's news that the iXBRL soft landing will be removed and HMRC investigations may increase. At the same time, the introduction of Real Time Information will affect any practice, firm or company with a payroll to manage, either for its own employees or for a third-party. UK adoption of IFRS for SMEs is also on the horizon as a major forthcoming legislative change.


This whitepaper reviews the current compliance landscape and looks ahead to what's on the horizon for these three critical initiatives. It also includes some tips for easing what otherwise threatens to be an escalating burden on busy accountants.


 

Tags: RTI, iXBRL, HMRC, Compliance, IFRS.

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