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Anti-money laundering and accounting: 2024 predictions

Accounting Insight

Already a group representing 13 accounting bodies is strongly opposed to the idea of a centralised regulator. It’s clear that there was a nervousness around the reforms before they were announced. Their reticence is understandable in part – consolidation could lead to less specific guidance for regulated entities.

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Proposed UK Bill Aims To Crack Down On Late Payments

PYMNTS

The Association of Accounting Technicians (AAT) is in the midst of a campaign to fight the problem, with three changes. Polling by YouGov in 2019 showed that 73 percent of MPs are behind the proposed regulations. In 2019 , Philip Hammond, the chancellor of the Exchequer, also spoke about the issues. businesses each year.

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Suppliers’ Late Payments Woes Expand Across Borders

PYMNTS

too, continues its own late payments fight, with the Association of Accounting Technicians recently describing the government’s own efforts to combat late payments in the construction sector as “insufficient.” Closes In On Construction.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

His tenure includes positions as Head of London Audit and Tax, Head of People and Client Experience, and most recently, Chief Operating Officer since 2019. Gomersall, a seasoned audit partner, has been with Grant Thornton for more than 20 years, serving in various leadership roles.