Big Four accountancy firm Deloitte has announced it will offer 'thank you' bonuses of between £500 and £2,000 to all employees. In October last year, the firm announced that it would cut partner pay by 17% as a result of a decline in revenue growth during the COVID-19 pandemic. The
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The Financial Reporting Council (FRC) has commenced an investigation into the audits by Deloitte of the financial statements of Lookers plc. The investigation concerns the audit of Lookers' financial statements for the years ended 31 December 2017 and 2018.
Roger Mayor, director, Advisory Corporate Finance at Deloitte, discusses the key trends driving spring optimism within the Scottish M&A market. At the start of 2020, M&A activity looked like it would continue to meet the high levels achieved in 2019. However, the COVID-19 pandemic led to an
The final quarter of 2020 saw consumer confidence in Scotland fall by a further two percentage points, to -18%, as the country headed into the New Year under fresh lockdown restrictions, according to the latest Deloitte Consumer Tracker. With the exception of personal finances, all other measures of
UK retail sales volumes edged up a weaker-than-expected 0.3% month-on-month in December after a temporary opening up of non-essential retailers following November’s lockdown, according to the latest figures released by the Office for National Statistics (ONS).
MPs have launched an investigation into the UK's insolvency sector after criticism from businesses about their objectivity standards, according to The Times.
Finance leaders expect a return to growth in 2021 with optimism rising to a record high, according to Deloitte’s latest CFO survey. Despite the surge in business optimism, half of CFOs do not expect demand for their own businesses to recover to pre-pandemic levels until the last quarter of 202
Deloitte has been appointed administrator of engineering firm BiFab.
The Fraser of Allander Institute (FAI) at The University of Strathclyde has set out three possible scenarios for Scotland's economic growth in the wake of the coronavirus pandemic.
Deloitte has strengthened its leadership in Scotland with the appointment of Angela Mitchell and Douglas Farish as senior partners in Glasgow and Edinburgh respectively. Mr Farish was previously the senior partner in Glasgow, but moves to Edinburgh to fill the vacancy created by the retirement of se
UK retail sales received a boost in October from early Christmas shopping as buyers start early to ensure gifts reach their recipients in time, Deloitte has said. Ian Geddes, head of UK retail for Deloitte, said the country is set for the "most digital Christmas ever", including in terms of ret
The Financial Reporting Council (FRC) has imposed sanctions including a £500,000 fine against Deloitte and one of its former Audit Engagement Partners over its audit of an undisclosed company's defined benefit pension scheme. The sanctions concern the statutory audit of the company's
Non-bank or direct lending saw a decrease of 29% in the first half of this year, according to the latest Alternative Lender Deal Tracker from Deloitte. The tracker found that a total of 140 European deals were completed in the first half of 2020, compared to 197 for the same period last y
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
Finance leaders continue to rank the effects of the COVID-19 pandemic as the top risk to their businesses, followed by rising geopolitical issues and the effects of Brexit, according to Deloitte’s latest CFO survey. Almost two-thirds (62%) of CFOs do not expect demand for their own businesses