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The Financial Reporting Council (FRC) has today launched a consultation on the proposed revision of its UK auditing standard ISA (UK) 240  - The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements.ISAs are based on the underlying ISAs issued by the Internationa

Scotland’s GDP increased by 2.6% in August, according to statistics announced today by Scotland's chief statistician.

A £30 million package of funding from the Scottish Government is being made available to local authorities to support people facing financial hardship as a result of coronavirus, including money to provide free school meals over the school holidays. Local authorities will be given flexibility

A school pupil who appeared to have been kidnapped at gunpoint during a Zoom class was only playing a prank, police have said.

Edinburgh-based bank Hampden & Co has reported strong results during the third quarter of this year on the back of demand for borrowing.  Total lending was up 16% against the previous quarter at £289 million and increased 77% on a year-on-year basis.  Deposits also increased

Audit fees at the Big Four accountancy firms Deloitte, PwC, EY and KPMG increased by 6.9% last year as they increased their charges to account for tougher regulations introduced by the regulator.  The Financial Reporting Council’s (FRC) 2020 Key Facts and Trends in the Accountan

Galashiels-based timber harvesting contractor Dick Brothers Forestry has secured £300,000 in asset financing from HSBC UK to purchase the UK’s first, and the world’s fastest, timber forwarder.

An innovative new system developed by Edinburgh-based Hearing Diagnostics Limited that has the potential to revolutionise hearing tests globally has received £715,000 of financial backing from Archangels. The investment will enable its hearing test system to undergo trials with universiti

Betsy Williamson, founder and managing director of Scottish recruitment company Core-Asset Consulting, participates in our Just a Minute feature. Name:Betsy Jane Williamson

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) has backed a call to make the new self-isolation support payments free of income tax and said this should apply across the UK. It was reported at the weekend that the Scottish Government had written to the Treasur

Residential property, conveyancing and estate agency firm Simpson & Marwick is to become part of the Aberdeins Group following a de-merger from global law firm Clyde & Co. Rob Aberdein will join the firm as managing partner.

Keith Skeoch has been appointed interim chair of the Financial Reporting Council (FRC). Mr Skeoch will serve as interim chair from October 12 for a period of up to six months.

Aberdeen Standard Investments (ASI) has announced its intention to lift the temporary dealing suspension on the £1.6 billion Standard Life Investments UK Real Estate Fund and £0.9bn Aberdeen UK Property Fund. Dealing in the funds will resume on November 16.

Moody's has downgraded the UK's credit rating as analysts highlight the economic damage caused by the coronavirus pandemic.

The Financial Reporting Council (FRC) has issued three sets of amendments to UK and Ireland accounting and reporting standards. The amendments address some topical issues, and maintain a necessary alignment with international standards.