Latest news with #ICAS
Yahoo
4 days ago
- Business
- Yahoo
ICAS hosts sessions on UK's corporate reporting reform initiatives
The Institute of Chartered Accountants of Scotland (ICAS) has hosted three sessions on the UK government's plans for a comprehensive reform of corporate reporting, with formal consultations anticipated to commence in 2025. ICAS has conducted the sessions with its members and the Department for Business and Trade (DBT) to discuss the proposals arising from a recent Call for Evidence. In these discussions, members highlighted the necessity for a more streamlined corporate reporting framework, which has become overly complex and lengthy, often not meeting the needs of stakeholders. The review aims to consolidate disclosure requirements and improve regulatory coherence while addressing inconsistencies in reporting standards and exemptions. The proposed changes focus on producing annual reports that are more concise, relevant, and less dependent on standardised language. The review will also evaluate whether modifications to the current reporting structure are needed to align with the UK Sustainability Reporting Standards (SRS), which are under review. Although small and medium-sized enterprises (SMEs) may not be directly impacted, they could face increased data requests from supply chain partners. ICAS supports the transition towards digital reporting, which encompasses tagging, artificial intelligence, and online platforms, in line with the digital transformation initiatives at Companies House. The intended reforms aim to reduce repetitive or low-value content, thereby lessening the burden on those preparing reports. Additionally, the government is considering whether sustainability disclosures should be subject to assurance and, if so, the qualifications required for those providing such assurance. This inquiry raises critical questions about the necessary skills and standards in the evolving field of sustainability assurance. ICAS acknowledges the importance of a separate ongoing consultation aimed at developing an oversight framework for sustainability-related financial disclosures, which seeks input on a proposed voluntary registration system for sustainability assurance providers in the UK. As advancements in sustainability data progress, the new reporting framework will need to accommodate the potential for restating sustainability figures when more accurate information is obtained. ICAS will continue to engage with stakeholders as the DBT prepares for its formal consultation on these proposals in 2025. "ICAS hosts sessions on UK's corporate reporting reform initiatives" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
ICAS awards accountancy students 2025 Charles Scott Prize
The Institute of Chartered Accountants of Scotland (ICAS) has awarded the 2025 Charles Scott Prize to 12 accountancy students from Scottish universities. Awarded annually, the award recognises outstanding academic achievement in accountancy programmes across the country. Each Scottish university offering accountancy programmes selects one student for the prize, based on criteria determined by their academic departments. These criteria focus on identifying students who demonstrate exceptional academic performance and potential within their cohort. ICAS highlights that the Charles Scott Prize offers recipients a significant advantage in their professional journey. Winners gain recognition from a respected professional body, access to expert mentorship, exposure on ICAS platforms, and connections to a global chartered accountant (CA) community. In addition to recognition, each recipient receives a £150 cash award to support their studies. The Charles Scott Prize is part of ICAS' commitment to promoting high standards in accountancy education and fostering collaboration with universities. The 2025 winners include Ethan McDonald from University of Glasgow, Zoe O'Meara from The University of Edinburgh, and Ella MacLean of University of Aberdeen. Prize winners will be featured across ICAS communication channels and offered opportunities to engage with the wider CA community in Scotland and beyond. ICAS executive director of learning Gail Boag said: 'The Charles Scott Prize is one of the ways ICAS celebrates academic excellence and recognises the future leaders of our profession. 'We are proud to honour these outstanding students from across Scotland and to support their journey into the world of accountancy. Their achievements are a testament to their hard work, talent and the success of our university partnerships.' Recently, both the Institute of Chartered Accountants in England and Wales (ICAEW) and ICAS voiced concerns over the UK Government's delay in implementing the audit reform and corporate governance bill. "ICAS awards accountancy students 2025 Charles Scott Prize " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Glasgow Times
6 days ago
- Business
- Glasgow Times
Glasgow students win top ICAS award for accountancy
Ethan McDonald from the University of Glasgow, Craig Differ from the University of Strathclyde, Millie Cooley from Glasgow Caledonian University, and Aaron Sweeny from the University of West of Scotland have each received the 2025 Charles Scott Prize from the Institute of Chartered Accountants of Scotland (ICAS). The award is presented annually to one outstanding accountancy student from each Scottish university offering accountancy programmes. Read more: 'We had to take the emotion out of it' - Levy on sacking Postecoglou Gail Boag, executive director of learning at ICAS, said: "Ethan, Craig, Millie and Aaron are exceptional students whose achievements reflect Glasgow's continued strength in accountancy education. "We are proud to support and celebrate their success through the Charles Scott Prize." Selection criteria vary by institution and are applied locally by academic departments, but each winner has demonstrated outstanding academic performance and potential within their cohort. The Charles Scott Prize is part of ICAS' wider effort to support the next generation of Chartered Accountants, maintain high standards in accountancy education, and strengthen relationships with universities. In addition to professional recognition, each winner receives mentorship opportunities, exposure across ICAS platforms, and connections to a global community of Chartered Accountants. The award also includes a £150 cash prize. The Charles Scott Prize honours Charles Alexander Scott CA and was established by his wife as a lasting tribute to academic excellence and the future of the profession in Scotland. This year's winners represent all 12 Scottish universities offering accountancy programmes and will be promoted through ICAS' professional channels and given opportunities to engage with the wider Chartered Accountant community.
TimesLIVE
29-07-2025
- Business
- TimesLIVE
Ithuba graduates take the next step
Ithuba, the proud operator of the National Lottery, is celebrating a momentous milestone: the graduation of several remarkable beneficiaries of its bursary programme. More than just success stories, these graduates represent powerful stories of resilience, perseverance, and the life-changing impact of access to education and support. Since its inception, the Ithuba Bursary Programme has been dedicated to empowering young people from marginalised communities by providing access to quality tertiary education. The programme offers full financial support, monthly stipends, accommodation, academic tutoring, mentorship and mental health services through its partnership with Independent Counselling and Advisory Services (ICAS), a global provider of wellness solutions for students and employees. Recognising that students may face emotional and psychological challenges, Ithuba ensures a supportive environment where they can thrive both academically and personally. Resilience in the face of adversity Amogelang Molopyane, the first in her family to attend university, recently graduated cum laude with a BCom Accounting Sciences degree from the University of Pretoria. Molopyane's journey was marked by personal triumphs and deep challenges. During her third year of study, she tragically lost her father — but through the grief, she persevered. 'Ithuba was more than a bursary provider,' she says. 'They gave me a safe space, a family, and crucially, counselling support through ICAS that helped me heal and stay focused. As I walked across the graduation stage, I felt my father's presence. I know he is proud of me.' Now, Molopyane is set to begin her articles with PwC, with her sights firmly set on becoming a chartered accountant. From KwaZulu-Natal, Siphamandla Mbuyazi embodies resilience in the face of loss. In his third year at the University of the Witwatersrand, he lost both parents within months of each other. Despite the heartbreak, he graduated with a degree in computer science and now works at BITS Tech while pursuing his honours. 'Beyond academics, Ithuba supported me through the darkest period of my life. The counselling they provided helped me carry on. I am deeply grateful,' he says. Nombini Mpambani, a proud graduate from Katlehong, found motivation in her mother's sacrifices. 'Watching my mother tirelessly sell chickens to provide for us made me determined to change our story. I wanted to be the one to give back.' Nthabiseng Foka, from the Free State, described graduation as a dream come true: 'This degree symbolises resilience. I'm especially thankful to [Ithuba CEO] Charmaine Mabuza for believing in me even when my marks wavered. Her belief gave me the strength to keep pushing.' Olebogeng Baleseng, from Mahikeng, faced severe financial hardship throughout his academic life, often going without basic necessities. 'Ithuba relieved that pressure. For the first time, I could focus on learning without worrying about how I'd survive. That made all the difference.' The Ithuba Bursary Programme is more than financial aid; it's a promise of possibility These graduates, diverse in background but united in determination, now step confidently into the professional world — some starting internships, others already working in their chosen fields. Each one carries the legacy of Ithuba's commitment to transforming lives through education. Congratulating the graduates, Mabuza shared heartfelt words: 'Your resilience and dedication have brought you to this incredible milestone. It is a joy and honour to witness your achievements. You are a beacon of hope for your communities, and I know your stories will inspire others to believe in themselves and aim higher. 'As we welcome a new cohort of students into our bursary programme, we reaffirm our mission to empower more young South Africans with the tools they need to build a better future — not just for themselves, but for the generations to come.'
News24
25-07-2025
- Business
- News24
ITHUBA honours bursary graduates
ITHUBA, the proud Operator of the National Lottery, is thrilled to celebrate a momentous milestone, the graduation of several remarkable beneficiaries of its Bursary Programme. These graduates are more than just success stories; they are shining examples of resilience, determination, and the transformative power of opportunity. Since its inception, the ITHUBA Bursary Programme has been dedicated to empowering young people from marginalised communities by providing access to quality tertiary education. The programme offers full financial support, monthly stipends, accommodation, academic tutoring, mentorship, and mental health services through its partnership with ICAS (Independent Counselling and Advisory Services), a global provider of wellness solutions for students and employees. Recognising that students may face emotional and psychological challenges, ITHUBA ensures a supportive environment where they can thrive both academically and personally. One such story is that of Amogelang Molopyane, who recently graduated cum laude with a BCom Accounting Sciences degree from the University of Pretoria. The first in her family to attend university, Amogelang's journey was filled with personal triumphs and deep challenges. During her third year of study, she tragically lost her father. Yet, through the grief, she persevered. 'ITHUBA was more than a bursary provider,' Amogelang shared emotionally. 'They gave me a safe space, a family, and crucially, counselling support through ICAS that helped me heal and stay focused. As I walked across the graduation stage, I felt my father's presence. I know he is proud of me.' Now, Amogelang is set to begin her articles with PwC, with her sights firmly set on becoming a Chartered Accountant. From KwaZulu-Natal, Siphamandla Mbuyazi embodies resilience in the face of loss. In his third year at the University of the Witwatersrand, he lost both parents within months. Despite the heartbreak, he graduated with a degree in Computer Science and now works at BITS Tech while pursuing his Honours. 'Beyond academics, ITHUBA supported me through the darkest period of my life. The counselling they provided helped me carry on. I am deeply grateful,' he said. Nombini, a proud graduate from Katlehong, found motivation in her mother's sacrifices. 'Watching my mother tirelessly sell chickens to provide for us made me determined to change our story. I wanted to be the one to give back.' Nthabiseng, from the Free State, described graduation as a dream come true: 'This degree symbolises resilience. I'm especially thankful to Mrs. Mabuza for believing in me even when my marks wavered. Her belief gave me the strength to keep pushing.' Olebogeng, from Mahikeng, faced severe financial hardship throughout his academic life—often going without basic necessities. 'ITHUBA relieved that pressure. For the first time, I could focus on learning without worrying about how I'd survive. That made all the difference.' These graduates, diverse in background but united in determination, now step confidently into the professional world—some starting internships, others already working in their chosen fields. Each one carries the legacy of ITHUBA's commitment to transforming lives through education. Congratulating the graduates, ITHUBA CEO Charmaine Mabuza shared heartfelt words: 'Your resilience and dedication have brought you to this incredible milestone. It is a joy and honour to witness your achievements. You are a beacon of hope for your communities, and I know your stories will inspire others to believe in themselves and aim higher.' 'As we welcome a new cohort of students into our bursary programme, we reaffirm our mission to empower more young South Africans with the tools they need to build a better future—not just for themselves, but for the generations to come,' Mabuza added. The ITHUBA Bursary Programme is more than financial aid—it's a promise of possibility. And as these graduates prove, when young people are supported, believed in, and given the opportunity, they rise.
