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

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

The Financial Reporting Council (FRC) has ordered the UK's Big Four accountancy firms to separate their audit practices by June 2024. The FRC has outlined a set of principles for the operational separation of audit functions within PwC, Deloitte, KPMG and EY. The watchdog has ruled that the four&nbs

Scottish accountancy veteran Aidan O’Carroll is stepping down from his role as senior partner at EY after 35-years at the firm. For the last three years, Mr O'Carroll has been based in Glasgow working primarily with Scotland’s family and private business sector. Prior to that, he spent 1

The Financial Times has reported that EY partners have been briefed on the upcoming legal action filed against them concerning its audit of German payments company Wirecard. More than 1,000 Wirecard shareholders have joined the legal proceedings seeking up to £910 mill

Scotland increased its share of financial services foreign direct investment (FDI) in 2019 and secured Europe’s largest international investment project in terms of job creation, while project numbers across Europe fell, according to the latest EY UK Attractiveness Report for Financial Se

Scotland has established a comparatively strong position within the UK in terms of attracting Foreign Direct Investment (FDI) having recorded an increase in both the number and share of UK projects in 2019, according to the EY Scotland Attractiveness Survey 2020.

The number of profit warnings by listed companies in Scotland has reached a record level in the first quarter of this year, according to the latest Profit Warning report from EY.

Big Four accountancy firm EY has been ordered to pay $10.8 million in damages to Amjad Rihan, an auditor turned whistleblower who claimed that the firm covered up evidence of money laundering.

BDO is the latest major accountancy firm to announce cuts to partners remuneration and the furlough of staff with the firm decreasing partner pay by a fifth amid the coronavirus pandemic. BDO, which is the fifth-largest accounting group in Britain by revenues, told its 5,500 employees yesterday

The combination of a reduction in oil prices and the coronavirus crisis has created the most turbulent market conditions since the financial crisis in 2008, severely impacting Initial Public Offering (IPO) activity, according to EY’s latest IPO tracker, EY IPO Eye

Chancellor Rishi Sunak's announcement that the UK Government will pay the wages of employees unable to work due to the COVID-19 outbreak has been roundly welcomed. The chancellor said that the government will pay 80% of salary for staff who are kept on by their employer, covering wages of up to &pou

The Scottish Chambers of Commerce (SCC) has said that the additional support measures announced by Chancellor Rishi Sunak are essential if businesses are to survive the COVID-19 outbreak.

Accountancy firm EY has appointed Hywel Ball as its UK & Ireland managing partner and chairman as it prepares for its audit and consultancy divisions to be divided.  EY offered the job to Mr Ball after a leadership content where he beat Lynn Rattigan, EY’s current UK chief operating o

Sue Dawe, EY’s head of financial services in Scotland, has been appointed as a patron of Women in Banking & Finance (WIBF). Ms Dawe joins as the fifth patron of WIBF and is the only patron to be based in Scotland.