The Financial Reporting Council (FRC) has commenced an investigation in relation to the audit conducted by Deloitte of the consolidated financial statements of Joules Group plc. The investigation concerns the audit conducted byt he Big Four firm for the year ended 30 May 2021.
Deloitte
Sentiment among finance leaders of the UK’s largest firms has improved significantly since the start of the year, according to Deloitte’s UK CFO Survey Q1 2023. The largest increase in confidence since the COVID-19 vaccine rollout was observed, with a net 25% of CFOs being more optimisti
The median FTSE 100 CEO package increased by 12% last year, from £3.72 million in 2021 to £4.15m in 2022 – based on Deloitte's analysis of data from the first 55 companies to publish their 2022 annual reports.
Fraser of Allander Institute has forecast a -0.7% contraction in the Scottish economy in 2023, returning to 0.9% annual growth in 2024. Uncertainties have increased due to concerns in global financial system and persistently high inflation. Lack of clarity on annual impacts on Scottish Budget and UK
UK consumer confidence in Q4 of 2022 improved by half (+0.6) a percentage point, according to the latest Deloitte Consumer Tracker. Whilst small, the uptick marks the reversal of a 15-month period of consecutive decline. Overall confidence was boosted by significant quarter-on-quarter improvement in
CFOs see bank borrowing and debt issuance as less attractive sources of finance now than at any time since the financial crisis, according to Deloitte’s UK CFO Survey, Q4 2022. As a result of this demand for credit is well below average levels and flagging with CFOs, with only 28% saying they
Deloitte has lowered the temperatures in its 22 offices by two degrees Celsius over the Christmas period in order to save money on rising energy costs.
Deloitte and audit engagement partner Simon Manning have been fined nearly £1 million for failings regarding the statutory audits of SIG plc's 2015 and 2016 financial statements. The Financial Reporting Council (FRC) has issued a final settlement decision notice under the audit enforcemen
Audit costs are set to rise by as much as 50% for businesses next year, BDO managing partner Paul Eagland has warned. Mr Eagland said: “I think we’ll see fee inflation next year ... of around 20 per cent,” adding “For certain audits, it could be 50 per cent".
Deloitte’s technology, media and telecommunications (TMT) practice has revealed its predictions for the sector in 2023.
Deloitte has announced the winners of the 2022 UK Technology Fast 50 awards, with three Scottish companies among the ranking. The awards recognise and rank the 50 fastest-growing technology companies in the UK, based on average revenue growth over a four-year period, and are sponsored by Multiverse,
Senior leaders across Scotland’s private, public, academic and third sectors gathered at the University of Glasgow yesterday to discuss and commit to practical actions their sectors and organisations can take to contribute to sustainable, inclusive economic growth. Hosted by Deloitte and suppo
Amid the rising cost of living facing the UK, women are less likely to contact their financial services providers for advice than men according to new research from Deloitte. A survey of over 3,000 UK consumers conducted in August 2022 found that more than three-quarters of women (72%) did not conta
UK consumer confidence has fallen for the fifth consecutive quarter in Q3 2022, falling by one percentage point to a historically low -20%, according to Deloitte’s latest Consumer Tracker. Spending power also remains significantly strained, as consumer sentiment around levels of debt also reac
A collective value of £1.02 billion worth of unused smartphones has accumulated in consumer households in the last three years, according to new research from Deloitte, with consumers upgrading their handsets while leaving older devices in cupboards or drawers. Deloitte’s Digital Consume