Julia Penny
Member Since: 13th Mar 2020
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Julia Penny is the principal of JS Penny Ltd which provides technical and training consulting on anti-money laundering procedures, auditing and financial reporting. Julia is a member of ICAEW Board and Council, chair of the ICAEW Ethics Advisory Committee and past chair of the ICAEW Technical Advisory Committee.
Director JS Penny Ltd
17th Jan 2024
How will the new audit rules affect your firm?
The expected update to the ethical standard (ES) for auditors was issued by the Financial Reporting Council (FRC) on 15 January. The...
Financial reporting
29th Nov 2023
The FRC is navigating a long and winding road
The story starts in 2018 when, on 31 March that year, the Financial Reporting Council (FRC) had 192 employees. But following the collapse...
Financial reporting
6th Jun 2022
Blaming juniors threatens audit’s future
Sadly, we have grown used to seeing the Financial Reporting Council (FRC) issue big fines against individual auditors and bigger fines...
Financial reporting
3rd May 2022
How accountants can help uncover modern slavery
You might be wondering why an article aimed at accountants is considering the topic of modern slavery, the illegal exploitation of people...
General practice
15th Mar 2022
Small companies will have to file P&L accounts
Russia’s invasion of Ukraine is a humanitarian disaster, but it also reminds us of the potential impact of sanctions, anti-money laundering...
Finance & strategy
18th Jan 2022
Audit ethics: What to watch for in smaller audits
The audit exemption limits in the UK mean that many small entities don’t have an audit. However, some entities require an audit even though...
Financial reporting
24th Nov 2021
What makes a good audit?
Have you ever had that sinking feeling when a regulator raises points after a review that you weren’t expecting, and you ask the question...
Financial reporting
16th Nov 2021
Corporate reporting: FRC to focus on climate-related risks
Each year the FRC issues its review of the quality of corporate reporting of public and large private companies. This report is always of...
Financial reporting
13th Oct 2021
The finance team’s role in net zero
In June 2019 the UK parliament passed legislation to require the government to reduce the UK’s net emissions of greenhouse gases (GHG) by...
Finance & strategy
21st Sep 2021
Streamlined energy and carbon reporting explained
On 8 September, the UK Financial Reporting Council (FRC) issued its thematic review on streamlined energy and carbon reporting (SECR). With...
Financial reporting