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
3rd Feb 2021
Accountants warned on new money laundering risks
On 17 December 2020 the government issued its National Risk Assessment (NRA) of money laundering and terrorist financing. All those...
General practice
18th Jan 2021
Autonomy and Deloitte: Lessons to be learned
Autonomy, once a FTSE 100-listed company, has been in the press ever since Hewlett-Packard (HP) accused Autonomy founder and CEO Mike Lynch...
General practice
9th Dec 2020
Corporate governance review: Ditch the boilerplate
The November 2020 Review of Corporate Governance Reporting from the Financial Reporting Council (FRC), which examines the first year of...
Financial reporting
10th Nov 2020
Audit standards to ramp up anti-fraud requirements
Do auditors do enough to detect fraud and are their responsibilities clear enough? These are the questions, raised by Donald Brydon that...
Financial reporting
3rd Nov 2020
ICAEW ‘disappointed’ at audit quality results
The chair of the ICAEW’s regulatory board expressed “disappointment” that audit quality results remained largely static in the past year...
Financial reporting
21st Oct 2020
A matter of principles: The future of corporate reporting
In October 2020, the FRC issued the discussion paper A matter of principles: the future of corporate reporting . The report states that the...
Financial reporting
15th Sep 2020
CCAB anti-money laundering guidance gets an update
The Consultative Committee of Accounting Bodies (CCAB) is responsible for producing the anti-money laundering and terrorist financing (MLTF...
General practice
25th Aug 2020
Challenge audit culture to avoid fines
In July the FRC issued their Annual Enforcement Review 2020 . Whilst the title brings to mind gangsters, and the level of fines involved at...
Finance & strategy
17th Aug 2020
What to watch for in your anti-money laundering compliance
However, it would be a mistake to leave this at the bottom of the list, especially as many of the risks of money laundering have increased...
General practice
21st Jul 2020
Making engagement team discussions more effective
Firstly, ISA (UK) 315 requires that the engagement partner and other key engagement team members discuss: The susceptibility of the entity’...
Financial reporting