We follow a number of regulations and compliance framework.
The UK's version of accounting standards, published by the Financial Reporting Council (FRC). UK GAAP is designed to ensure that British businesses produce financial statements that are consistent, comparable, and open.
A globally recognized framework for financial reporting that the FRC adopts for larger companies.
Accountants in the UK must adhere to a code of ethics set by their professional body. These codes typically focus on principles like integrity, objectivity, and professional competence.
Compliance with the AML/CTF Act is crucial for preventing illegal financial activities. It requires businesses to identify customers, monitor transactions, and report suspicious behavior.
Regulates its own charter, byelaws, and regulations. CIMA's regulatory framework ensures that its members are competent, trusted, and working within the public interest.
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