Accountancy

A third of middle-market businesses (33%) have admitted their board does not understand the cyber threat landscape enough to accurately assess their level of risk, according to a new survey carried out by audit, tax and consulting firm RSM UK.  ‘The Real Economy’ report also highlig

New research from Grant Thornton UK’s latest Business Outlook Tracker finds that, since the lifting of legal COVID-19 restrictions in February, just over half (51%) of the 604 mid-sized businesses surveyed have adopted a hybrid working approach. This is quite a significant dip compared to resp

A new charity partnership initiated by accountancy firm Azets is spearheading efforts to reduce maritime plastic pollution with the first-ever European plastic pick-up to mark UN World Oceans Day. The Azets Plastic Pick-Up Day has been created in partnership between corporate charity Azets 4 Kids an

Sandy Manson, chair of Johnston Carmichael and former CEO, is stepping down from the role at the end of this month after 31 years with the business. Mr Manson, a highly regarded member of the wider Scottish business community, was CEO for 12 years, seeing the firm grow from 350 people and revenues o

Grant Thornton UK's Scottish corporate finance team has been ranked number one in the Experian Q1 League table rankings for Scotland, following an excellent start to the year.

The Executive Counsel of the Financial Reporting Council (FRC) has imposed sanctions against KPMG and Anthony Sykes, an audit engagement partner, in relation to the statutory audit of the consolidated financial statements of Rolls-Royce Group plc for the financial year ended 31 December 2010. The fi

Audit, tax and consulting firm RSM UK has moved into a new office in the heart of Edinburgh’s business district to deliver a sustainable, hybrid working environment to support RSM’s future growth. The firm has taken the third floor of 2 Semple Street, relocating around 100 people into fl

The cost of living has become the leading concern among Gen Zs and millennials in the UK, according to Deloitte’s latest Gen Z and Millennial Survey. A total of 31% of Gen Zs and 38% of millennials cited this as their greatest concern, overtaking climate change from the top spot in last year&r

Anderson Anderson & Brown (AAB), the tech-enabled business-critical services group, has announced the appointment of Doug Michael as partner and United States (US) tax practice Lead, based in the business’ London office. Mr Michael joins AAB to launch a brand-new US tax service as part of

Company directors who either commit VAT fraud or fail to demonstrate procedures to prevent VAT fraud in the supply chain are being targeted by HMRC with a trader monitoring campaign shaped by The Kittel Principle. This principle defines whether a director has been fraudulent, knew about a fraud or,

Research from Grant Thornton UK's latest Business Outlook Tracker shows that over half (52%) are finding it harder to operate their business today, compared to 12 months ago. To manage cost pressures, 61% of respondents said that their suppliers have agreed to more flexible (longer) payment terms, a

The Institute of Chartered Accountants in England and Wales (ICAEW) is set to receive the entire £14.4 million fine imposed on KPMG last week for its role in the Carillion scandal. Last week, Scottish Financial News reported that KPMG was set to be fined after a Financial Reporting Council (FR

The UK is expected to become the first large European economy to reach pre-pandemic levels of corporate insolvencies as COVID-19 crisis support is wound down and rising levels of inflation threaten firms. According to credit insurer Allianz Trade, corporate insolvencies will soar by 37% this year. T

Most employers have skills shortages in their workforce or expect to have shortages in the next five years, according to new research conducted by PwC. Concerns around skills shortages were profound with 33% experiencing a current shortage in core business skills such as teamwork, leadership, relati

New analysis from Grant Thornton UK's bi-annual recruitment sector report shows that deal activity in the recruitment sector for 2022 is off to a strong start with 23 deals completed in the first quarter of this year. This is compared to 18 deals completed in Q4 2021 and represents the sector’