United Kingdom: Audit

The Institute of Chartered Accountants in England and Wales warns that a record 1.8 million UK taxpayers could receive simple assessment tax bills from HMRC this year, driven by frozen personal allowances, the state pension triple lock, and higher interest rates. The Prudential Regulation Authority provides thematic feedback on auditors' IFRS 9 reports, while the Financial Conduct Authority releases new retirement income market data and finalised guidance on crypto asset firm risk assessments.

Alan Ross On Transforming Market Data With DRDM – Talking Market Data With David Anderson (EP. 12) (Video)

The King's Speech outlined 39 new bills, highlighting reforms in real estate, employment law, data regulation, and corporate governance. Notably, AI legislation is absent but expected. The speech also addressed new banking and audit reforms, and a Digital Information and Smart Data Bill.