Accountancy

The Executive Counsel of the Financial Reporting Council (FRC) has fined Grant Thornton UK a total of £520,000 in relation to its statutory audits of the financial statements of Sports Direct International (SDI) for the financial years ended 24 April 2016 and 29 April 2018. Sanctions have also

Over the past few months, a number of firms around the world have been sanctioned by regulators regarding cheating in exams. The most recent example involved cheating in external professional exams in addition to cheating on internal assessments. EY was fined a record $100 million by the Security an

The auditor of now-collapsed Laura Ashley, UHY Hacker Young (UHY), has been fined £300,000 by the Financial Reporting Council (FRC) for failing to highlight serious financial issues at the design company and its imminent danger of collapse. The FRC issued a Final Settlement Decision Notice and

Weak growth in the global economy looks the most likely outcome for the rest of 2022, according to the latest edition of the Global Economic Conditions Survey (GECS) from the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA). The Q2 GECS, conduct

Audit, tax and consulting firm RSM UK has sponsored a prize which recognises the top student in Financial Accounting Stage 2 on the BA (Hons) Accounting and Finance degree programme at Robert Gordon University. Second-year student Arran Robertson was awarded the prize, after achieving the highest ov

Accountancy and business advisory firm Johnston Carmichael has embarked on a significant expansion of its restructuring team with the appointment of seven trainee accountants. The trainees, most of whom joined the firm over the last 12 months, are based across Scotland and were recruited as part of

Mike Younger, finance director with Edinburgh-based Ian Macleod Distillers has publicly criticised the Department for Work and Pensions (DWP) after his identity was stolen to claim benefits illegally. Mr Younger received a bill for for almost £700 by the DWP after his national insurance number

Rural accountancy firm Old Mill has warned farmers to be ready for potentially high tax bills after a profitable year in 2021/22. The firm warned that as farmers focus on fielding high input costs, it’s easy to forget that large tax bills might be looming.

The rise in the National Insurance threshold to £12,570 announced by the UK Government won't help lower-income households, despite some headline savings on contributions, according to Kevin Brown, savings specialist at Scottish Friendly. Mr Brown highlighted that average income households are

Financial planning firm AAB Wealth has announced its expansion into Northern Ireland with the appointment of chartered financial planner, Alastair Moore, following the recent merger of AAB Group with FPM. Mr Moore, originally from County Down, Northern Ireland, previously worked for AAB Wealth for f

Two fast growth businesses from Scotland have been shortlisted to pitch to industry experts as part of KPMG’s global search for the UK’s next tech disruptor. Novosound, an ultrasound imaging firm, was crowned the winner of KPMG UK’s Emerging Giants Tech Innovator Scottish heat in G

More than a third (36%) of Big Four accountancy firm EY's new equity partners are women, as the company promoted a record number of partners this year.

A one-week work placement has led to a promising career for an Aberdeen trainee, who has become one of the youngest in Scotland to complete their financial diploma. Having joined Acumen Financial Planning from school, Andrew McRae has combined working and studying and recently passed his R02 Level 4

The number of UK consumers who have adopted a more sustainable lifestyle has risen in the past year, but cost is proving to be a barrier for those wanting to make more sustainable and ethical purchasing decisions, according to new research from Deloitte. According to Deloitte’s Sustainable Con

With the price of food, fuel, energy, clothes, travel costs and rent continuing to increase as inflation rises, Wylie & Bisset, accountants and business advisors, is advising SMEs to adopt a ‘trench warfare mentality’ and adapt their covid working from home plans to help employers an