CASS 15: How new FCA rules have changed safeguarding obligations for EMIs and PSD firms
Written by Philip Buckingham, Compliance Director, UK at IQ-EQ and Dan Rose, Partner, Audit and Assurance at Gravita The Financial Conduct Authority (FCA)’s CASS 15 rules impose new client money safeguarding and audit obligations on electronic money institutions (EMIs) and payment services directive (PSD) firms. The FCA published its final rules on 7th August 2025, […]
Webinar recording: Navigating Digital Assets
https://youtu.be/bknYpn7-xmg As digital asset adoption accelerates across financial institutions and corporations, finance professionals face mounting pressure to navigate complex accounting, tax, and audit challenges. With changing regulations and a rapidly transforming market, organisations need clarity on how to properly manage, classify, and report these assets whilst ensuring compliance and minimising risk. This expert panel […]
How accounts preparation can help you meet audit deadlines and reduce disclosure requirements
Written by Accounts Partner, Rachel Jackson If you’re part of a growing, more complex business now subject to external audit, you’ll already know how much more rigorous the process becomes. Audit expectations rise. Deadlines tighten. Documentation is scrutinised. And yet, the accounts preparation step is often overlooked. That’s a missed opportunity. Because done right, accounts […]
Understanding IFRS 18 and its impact on smaller AIM listed companies
Written by Audit Partner, Joseph Brewer IFRS 18 will reshape the income statement. Are you ready for the changes? In April 2024, the International Accounting Standards Board (IASB) published IFRS 18 – Presentation and Disclosure in Financial Statements. It introduces significant changes to how companies present their financial performance. The goal is to make […]
What our survey of CFOs reveals about making audits work better
Written by Audit Partner, Sarah Wilson Across two recent events, Gravita asked 28 CFOs a straightforward but crucial question: “What does ‘good’ look like?” when it comes to audits. Their answers provided a fascinating snapshot, revealing not only how finance leaders genuinely feel about audits, but also pinpointing the biggest frustrations, the real value auditors […]
FRS 102 changes are coming in January 2026: preparing accounts under the new regime
On Tuesday 11th March, Audit Partner, Katherine Wilkes, Accounts Partner, Rachel Jackson and Thomas Adcock, Tax Partner presented a webinar on the upcoming changes to FRS102. The panel was chaired by Paul Woosey, Audit Partner. During this session, the panel covered: Impact of FRS 102 changes Revenue recognition changes Leasing standards overhaul Early planning and tax implications […]
Are you ready for changes to FRS 102 from January 2026?
The audit profession is evolving at a rapid pace due to multiple factors such as increasing compliance risk, growing financial reporting complexity, greater scrutiny from regulators as well as resourcing challenges across the sector. Following criticism in the 2019 Kingman Review of the effectiveness of the Financial Reporting Council (“FRC”) as an audit regulator, the […]
ISA 600 (Revised): what it means for group audits
04/02/2025 Written by Audit Partner, Jenny Cessini ISA 600 (Revised) is effective for audits of financial statements commencing for periods on or after 15 December 2023. For most companies, this means the new standard will apply for the first time to financial year-ends on 31 December 2024. The revisions bring significant changes, with a […]
Charities: Why Having an Audit Matters
22/01/2025 For charities, financial audits are more than a regulatory obligation. They’re a chance to build trust, improve operations, and demonstrate accountability to stakeholders. Gavita has a dedicated charity audit team, Here, we explain why having an audit can be a powerful asset for your charity. Table of Contents Why should charities prioritise having a […]
The role of audits in the property sector
22/01/2025 The property sector operates within a highly complex and regulated environment. With large financial transactions, intricate ownership structures, and stringent compliance requirements, audits play a critical role in maintaining transparency, ensuring accuracy, and fostering trust among stakeholders. Here, our audit team explores the significance of audits for the property industry and highlights how they […]