The Insight Blog2020-05-13T07:24:23+00:00
Latest News

Commercial Awareness and Junior Staff

October 5th, 2021|

Commercial Awareness – why it’s so important for junior staff to develop early This is the time of year that firms are taking on new joiners.  Last month we were involved in an induction


July 7th, 2021|

May 2021 saw the publication of ICAEW’s 2021 Practice Monitoring Report. The report can be downloaded here. Look out in the months to come for further ICAEW reports on Audit Monitoring and AML Monitoring.


June 14th, 2021|

This month, Peter Herbert discusses common questions about disclosure requirements for FRS 102 Section 1A accounts, including S413 credits, advances and guarantees, related party transactions and accounting policies.


June 14th, 2021|

We get lots of questions at Insight Training about anti money laundering – and lots about client due diligence procedures. With more and more firms moving towards electronic tools or platforms to help with

Effective Feedback

May 5th, 2021|

‘Can I give you some feedback?’ How does that phrase make you feel?  For many it’s a sinking feeling.  ‘Oh no – it’s going to be bad news; I’m not going to like what

Furlough Fraud – All the Angles

April 1st, 2021|

This month, Peter Herbert discusses recent FAQs on furlough fraud. He covers anti-money laundering issues and reporting requirements, audit considerations and financial reporting issues.

New ways of working?

April 1st, 2021|

There’s a lot of reflection going on right now.  We’ve reached the milestone of one year since the first lockdown.  Lots of looking back but also looking forward. Most people are very much hoping

All Change for S479A

March 1st, 2021|

We’ve had a flurry of queries at Insight Training in the last few weeks about section 479A of the Companies Act 2006 and how Brexit will affect it. Here, in a nutshell are the


January 12th, 2021|

As the New Year starts, anti-money laundering compliance will be anything but the number one priority for most practitioners – especially with everything else that’s going on! Nonetheless it’s an area that Professional Bodies

New Kids on the Block (or not!)

August 31st, 2020|

How to get new joiners off to the best possible start when working remotely. As Autumn approaches, many firms will be set to welcome their new joiners.  Induction will vary from firm to firm


February 7th, 2020|

AUDIT ETHICS – FIVE TO WATCH The FRC’s new Ethical Standard takes effect from 15 March 2020. Much has been said about the impact on larger firms that audit public interest entities (PIEs). Here

Money Laundering Mayhem

December 4th, 2019|

During the Autumn we’ve been delivering a number of Anti Money Laundering (AML) refresher and update sessions. Here are some of the key themes arising: Regulators are on the offensive Supervisory bodies like ICAEW

Gift aid payments in charitable groups

February 26th, 2019|

Gift aid payments in charitable groups Accounting for gift aid payments in charitable groups truly is the gift that keeps on giving (!) and is a topic that we’ve covered in previous blogs, notably

A Question of Ethics

November 7th, 2018|

It’s been a tough period for the audit profession, with a number of the bigger firms hitting the headlines for all the wrong reasons. A recurring theme in a number of the cases has

Topical Issues with FRS 105

June 14th, 2018|

Insight Training's Peter Herbert discusses topical issues with FRS 105 in our recent Adobe Connect webinar.


March 27th, 2018|

My colleague Liz Hollingsworth’s blog on GDPR in October of last year advocated the need for accountants to adopt a practical approach to compliance. Since then we’ve have had lots of discussions with practitioners

New Rules for Charity Independent Examiners

December 4th, 2017|

The beginning of December 2017 sees the introduction of new England & Wales Charity Commission (CC) Directions on Independent Examinations (CC32). The new Directions can be downloaded from: Although not a radical rewrite

GDPR – a more practical approach!

October 9th, 2017|

GDPR – a more practical approach! There are lots of blogs and press releases about GDPR (The General Data Protection Regulation) at the moment. Here’s our take on how the new regulations, coming into

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