News

The Financial Reporting Council (FRC) is seeking to slap Big Four audit firm Deloitte with a record £15 million fine in connection with failures in its audit of Autonomy. An FRC Tribunal ruled yesterday that Deloitte "failed to discharge its public interest duty" in its audit of Autonomy prior

Scottish accountancy firm Wylie & Bisset has pronounced "the death of the business suit" following the COVID-19 pandemic.

Scotland's finance minister Kate Forbes is being urged to match England's stamp duty tax cut for house buyers.

The Financial Reporting Council (FRC) has fined Grant Thornton for repeated breaches of ethical standards. Such breaches included failing to maintain its independence over its audit of collapsed alcohol firm Conviviality.

In the second quarter of 2020, angel syndicate members of LINC Scotland maintained the high level of equity investment activity seen in the first quarter, bucking the trend of a decline of investment in companies generally during the coronavirus pandemic. Taking these first two quarters of

Around £75 million has been wiped off the value of The Events Complex Aberdeen (Teca), by KPMG's audit of Aberdeen City Council's books. The Big Four firm has revealed that the exhibition centre, which includes the P&J Live arena, two hotels and an energy centre, is now worth around 80% of

The take-up of industrial & logistics space as hit record levels in Scotland in the first half of 2020, according to Savills latest Big Shed Briefing. The occupation of such units reached 704,531 sq ft (65,453 sq m) across four transactions, marking a 165% increase on the long-term half-year ave

Helen Foord, founder of Edinburgh-based professional services communications agency ELE Global, shares her top five apps/programmes/systems which will help to run businesses virtually. We're actually in the process of reviewing all of our technology at the moment and that would be one of my key

Glasgow-based Maven Capital Partners has become an accredited lender under its Midland Engine Debt Fund, which is backed by a Coronavirus Business Interruption Loan Scheme (CBILS) guarantee. Under the scheme, Maven will now be able to provide financial support to smaller business which have bee

The Edinburgh Tax Network, in conjunction with Mazars and Terra Firma Chambers, will present a webinar for those looking to plan their personal finances during and beyond the COVID-19 crisis on 16 July 2020 from 1pm to 2.30pm. With speakers, Kenny Stevenson (Financial P

In yesterday's summer economic statement, chancellor Rishi Sunak announced a number of measures aimed at supporting the UK economy in the wake of the coronavirus pandemic, such measures include a temporary 5% VAT cut for the food and hospitality industry. The cut marks a significant reduction from t

Edinburgh saw a record low number of office take-up deals in the second quarter of this year as the coronavirus pandemic heavily impacted the sector, according to the latest office market figures from CBRE. Over the second quarter of the year, office take-up in Edinburgh totalled 26,876 sq ft, an 84

Sir Elton John is to feature on a new coin created by The Royal Mint.

Jackie Mann and Colin Crosby have been appointed as the new non-executive board members of Audit Scotland. The two are to be appointed by the Scottish Commission for Public Audit following an open recruitment exercise.

Dean Banks, a Scottish Masterchef finalist and restaurateur, has hit his crowdfunding target of £25,000 within just two days. The Angus-born chef, who appeared on BBC’s Masterchef: The Professionals in 2018, announced the fundraising campaign on social media two days ago,