CPDStore

May 19, 09:00

Key Financial Reporting Matters 2022

Speaker: Lindsay Webber & Claire Thomson - OmniPro Practice Support

The current economic environment in both the UK and across the world continues to present challenges for preparers of financial statements. This session will cover some of the key matters that preparers should take into consideration as they prepare financial statements in 2022. The session will also benefit reviewers and auditors of financial statements, looking at some of the more complex and evolving areas of financial reporting.

The content will cover some of the key considerations for financial statement preparation in 2022. In this session Lindsay Webber and Claire Thomson will cover the following:

• Accounting for climate change and sustainability
• Significant judgements and key accounting estimates for FY2021
• Consolidated accounts – common problem areas
• Narrative Reporting – key considerations from company law

Each of the above topics will include sample disclosures from live financial statements.

May 19, 09:55

Employment Law and HR Update for Accountants

Speaker: Sue West - Kate Shepherd Associates

By attending this session, it will ensure you are fully up to date with important HR topic areas which impact your practice. You will be equipped with key tools and signposts to support your day-to-day role as busy accountants.

Sue West is a highly interactive speaker and will guide you through essential HR and employment law topics. Sue will cover the most important changes to all aspects of HR and employment law. Covering HR cases and legislation ensuring you have an overview of the latest employment compliance issues.

In this session, Sue will cover the following topics:
• Annual leave
• Sick pay
• Unfair dismissal
• Employment status
• Contracts of employment

May 19, 11:00

Companies House Reform

Speaker: John Selwood - Revolutions Solutions

This webinar will keep you up to date with the UK Government’s latest intentions to reform Companies House, including:

• Changes to small and micro company accounts filing requirements
• Expanding the role and powers of Companies House
• Implement the ban on corporate directors

In this session John Selwood will cover the following topics:

• Changes to Companies House accounts filing deadlines
• Mandatory electronic filing
• Exemption eligibility statements
• Removal of ‘filleting’ and abridgement exemptions
• Companies House powers to query information and remove false information
• The latest proposals to implement the ban on corporate directors

May 19, 11:55

Cryptocurrency: The Basics

Speaker: Joe David - Myna

The world of crypto is spinning quickly, with new additions being thrown into the mix daily, which often means that those starting out in the space can feel overwhelmed, lost and a little uneasy on what steps they need to take. For you to step in with confidence this webinar will cover all the basics so that you feel ready to take the leap and know the difference between a bitcoin and an NFT.

In this session, Joe David will cover:

• What cryptocurrency really is
• How cryptocurrency works
• What blockchain tech is and why it’s important
• Resources and tools to help you improve your knowledge
• The basics when navigating your first crypto client

May 19, 13:30

Future Landscape of Financial Reporting - Changes and Predictions

Speaker: Claire Thomson - OmniPro Practice Support

The financial reporting landscape in the UK is braced for some significant changes over the next 3-5 years.

With the FRC expected to release updates to FRS 100 - 105 later in the year, the results of the Government’s consultation on “Restoring Trust in Audit and Corporate Governance” expected imminently, significant reform taking place at Companies House, and the creation of a UK Endorsement Board to set UK international accounting standards, accountants and auditors need to be aware of the substantial changes to the financial reporting environment that will be coming down the line.

In this webinar, we will take a look at some of the anticipated changes, providing you with an insight into the future of financial reporting in the UK. Although primarily targeted at accountants who work with UK-incorporated entities, the content will also be of interest and relevance to those who work with entities that are related to UK-incorporated entities.

In this webinar, Claire Thomson will cover the following:

• Anticipated changes to FRS100 – 105 as a result of the next triennial review by the FRC
• Potential outcomes of the UK Govt’s consultation on “Restoring Trust in Audit and Corporate Governance”
• Companies House White Paper on future reform
• The UK Endorsement Board and it’s role in the future of UK reporting

May 19, 14:25

Hot Topics - Top 10 Queries Accountants Face

Speaker: Lindsay Webber, Elaine Jackson & Claire Thomson - OmniPro Practice Support

Members of our OmniPro technical team will review the top ten queries that KnowledgeHUB receives relating to financial statements prepared under FRS 102 and Companies Act 2006, including section 1A for small entities. This will be a practical session with real-life examples and application.

May 19, 15:30

Advisory & Cyber Security: Why Human Science holds the Key to Accountancy Evolution

Speaker: Richard Jackson - Moore ClearComm & Mike Clarke - Empowered People Thrive

Accountancy firms are on a journey of vast evolution, under huge pressure to adapt their skills, services, and support in an ever-changing world. Two very different areas of focus are at the forefront of this seismic shift: Advisory, and Cyber Security.

While very different in respect of their subject matter and objectives, they are in fact incredibly similar both in respect of their impact on accountants - and how to deliver them effectively and efficiently. In both instances:

• They are “Human” subjects, with their success reliant on core skills born out of understanding human science
• You are being asked to deliver and implement change, at pace and to scale
• You may not yet fully understand “What” needs to be delivered – while under incredible pressure to make sure it happens
• They represent significant shifts in your business culture
• They require major “change management” strategies that require education, awareness, and behavioural evolution

In this session Richard Jackson and Mike Clarke will cover the following:

• Advisory & Cyber Security: The Same Difference
• The Human Factor: The Power of Your People
• Change: How to Manage and Deliver Significant Change within your Practice
• What is Human Science & How Does it Impact on Accountancy?
• The Importance of Trust in Advisory & Cyber Security (As a Tool for Good & Bad)

May 19, 16:25

Audit: Hands on Approach to Fraud

Speaker: Elaine Jackson - OmniPro Practice Support

ISA (UK) 240

On 27 May 2021 the Financial Reporting Council (FRC) issued a revision of its UK auditing standard on the responsibilities of auditors relating to fraud (ISA (UK) 240).

The new standards will be effective for audits of financial statements for periods commencing on or after 15 December 2021.

The revisions mean that auditors are required to obtain “reasonable assurance” as to whether a company’s financial statements are free from material misstatement due to fraud.

In this session, Elaine Jackson will focus on 2 or 3 industries and provide practical guidance on;

• The structure of discussions to be had with Management
• Challenging management’s assessment
• The information and audit evidence to be obtained
• The testing to be performed
• The conclusions to be drawn

This is a session not to be missed!