The OECD has launched a facility to disclose common reporting standard (CRS) tax avoidance schemes as part of its efforts to ensure the integrity of the standard, adding that an additional 500 bilateral automatic exchange relationships have recently been established between over 60 jurisdictions

Final legislation covering the new rules regarding the reporting of payment practices has been published, under which large companies are required to publish certain information twice per financial year about their practices, policies and performance in relation to paying suppliers, in a bid to tackle late payment issues

The National Audit Office (NAO) is warning that the government’s supervision of the grants it gives to charities remains inadequate and says it needs to improve its monitoring, particularly in light of plans to give an additional £102m from fines from criminal activity in the banking sector (the LIBOR fines) to charities and good causes over the next four years

FTSE 250 facilities management specialist Mitie Group has announced a potential £50m writedown following an accounting policies and balance sheet review undertaken by the company and KPMG, in its update for the financial year ended 31 March 2017

This month's CCH Daily CPD module focuses on charity reporting under the charities SORP, the only SORP available to charities from 1 January 2016, outlining how to plan for the transition from using FRRSE to FRS 102 reporting

In the roundup of the latest accounting developments, FRC increases membership levy by 5%, SFO fines Tesco £129m, Charity Commission issues accounts templates for GAAP users

The IFRS Foundation has released a video on IFRS 9 Financial Instruments explaining the accounting treatment for the new impairment model and providing advice on implementation, now available on YouTube

Andrew Marshall FCA, senior technical partner at KPMG, outlines the proposed changes to FRS 102 accounting rules from definition of financial instruments to property investments and directors’ loans, with signs some treatments may revet to old UK GAAP

Under the revised accounting SORP for LLPs, small partnerships must exercise increased judgment in disclosures when applying new accounting rules which take into account new UK GAAP, explain Andrew Baker, head of professional services group, north west, and Colin Burns, technical director, RSM

The International Accounting Standards Board (IASB) is planning minor amendments to the financial instruments standard, IFRS 9, before it has even come into force to address concerns over pre-payable financial assets

In the fifth of our exclusive series on small company accounting, Anne Cowley examines the key new UK GAAP changes for small businesses accounting for investment property and explains how small rule changes can create substantial challenges 

Asa Resource Group, a pan-African resources company listed on London’s alternative investment market (AIM), has reported ‘strong evidence’ that $4.3m (£3.3m) of funds from one of its mines in Zimbabwe have gone missing, and has dismissed its chief executive and group finance director