Personal insolvency rate drops across Scotland
Regulatory Bodies

Personal insolvency rate drops across Scotland

8y Richard Crump , Writer

Personal insolvency rate drops across Scotland

Overall rate of personal insolvencies, which include both bankruptcies and protected trust deeds, has decreased across Scotland Read More...

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Colin: Curiosity killed the cat, but not the watchdog
Accounting Firms

Colin: Curiosity killed the cat, but not the watchdog

8y Richard Crump , Writer

Colin: Curiosity killed the cat, but not the watch...

Curiosity killed the cat, but doesn't appear to afflict accounting watchdog the FRC, muses Colin Read More...

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FRC made ‘serious mistake’ by failing to investigate HBOS audit sooner
Accounting Firms

FRC made ‘serious mistake’ by failing to investigate HBOS audit sooner

8y Richard Crump , Writer

FRC made ‘serious mistake’ by failing to investiga...

The Treasury Select Committee criticises the FRC for a 'lack of curiosity and diligence' in deciding to not investigate KPMG’s audit of HBOS before th...

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FRC bans two former Connaught finance directors over £4m accounting misstatement
People Practice

FRC bans two former Connaught finance directors over £4m accounting misstat...

8y Richard Crump , Writer

FRC bans two former Connaught finance directors ov...

The FRC has banned two former Connaught finance directors responsible for a £4m accounting misstatement at the collapsed social housing maintenance pr...

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Brexit raises questions about future of the FRC's regulatory framework
Audit

Brexit raises questions about future of the FRC's regulatory framework

8y Richard Crump , Writer

Brexit raises questions about future of the FRC's ...

The UK’s decision to leave the EU has raised questions about whether the FRC's regulatory framework should change in the future Read More...

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Company boards must focus more on corporate culture, FRC finds
Governance

Company boards must focus more on corporate culture, FRC finds

8y Richard Crump , Writer

Company boards must focus more on corporate cultur...

Company boards must pay more attention to instilling the right corporate culture in order to restore trust in business and deliver long-term sustainab...

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FRC raises concerns about FTSE 350 audit market concentration
Audit

FRC raises concerns about FTSE 350 audit market concentration

8y Richard Crump , Writer

FRC raises concerns about FTSE 350 audit market co...

Despite the high levels of tendering and rotation, the Big Four’s share of the FTSE 350 market has risen from 96.7% to 97.4%, the FRC finds Read More...

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Six ways Brexit will impact companies’ financial statements
Accounting Standards

Six ways Brexit will impact companies’ financial statements

8y Richard Crump , Writer

Six ways Brexit will impact companies’ financial s...

The FRC has highlighted the things directors should consider when preparing their forthcoming half-yearly and annual financial reports post Brexit Rea...

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MPs call on FRC to widen BHS audit probe into PwC
Accounting Firms

MPs call on FRC to widen BHS audit probe into PwC

8y Richard Crump , Writer

MPs call on FRC to widen BHS audit probe into PwC

MPs urg the FRC to widen scope of its investigation to cover previous years when PwC audited BHS financial statements and signed off the company accou...

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KPMG appoints Brexit chief as clients scramble for help
Business Regulation

KPMG appoints Brexit chief as clients scramble for help

8y Kevin Reed , Writer

KPMG appoints Brexit chief as clients scramble for...

Head of Brexit role created at KPMG as clients - UK and global - seek to steer understand and mitigate the ramifications of the UK's EU referendum vot...

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Unpacking the Pre-Pack Pool
Business Recovery

Unpacking the Pre-Pack Pool

8y Chris Warmoll , Writer

Unpacking the Pre-Pack Pool

The two most senior members at the Pre-Pack Pool tell Accountancy Age the Pool has made a pretty good start Read More...

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OECD: Brexit will have ‘major consequences for UK’
Business Recovery

OECD: Brexit will have ‘major consequences for UK’

8y Fraser Simpson , Reporter

OECD: Brexit will have ‘major consequences for UK’

The OECD's secretary-general José Ángel Gurría has given his verdict on what Brexit means for the UK and the EU Read More...

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OTS seeks new senior policy advisers
People Business

OTS seeks new senior policy advisers

8y Fraser Simpson , Reporter

OTS seeks new senior policy advisers

The Office of Tax Simplification is seeking three senior policy advisers Read More...

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Taking Stock: The FRC’s HBOS non-announcement announcement
Accounting Firms

Taking Stock: The FRC’s HBOS non-announcement announcement

8y Richard Crump , Writer

Taking Stock: The FRC’s HBOS non-announcement anno...

The FRC says it best when it says nothing at all Read More...

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FRC appoints John Hitchins as FRRP deputy chair
People In Practice

FRC appoints John Hitchins as FRRP deputy chair

8y Richard Crump , Writer

FRC appoints John Hitchins as FRRP deputy chair

John Hitchins was a partner with PwC for 26 years until he retired in 2014 Read More...

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IFRS Foundation to cut board size and improve transparency
Accounting Standards

IFRS Foundation to cut board size and improve transparency

8y Richard Crump , Writer

IFRS Foundation to cut board size and improve tran...

IFRS Foundation says it will take steps to enhance visibility of trustee oversight of the IASB, including making meetings of the Due Process Oversight...

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FRC launches probe into Deloitte over Serco audit
Accounting Firms

FRC launches probe into Deloitte over Serco audit

8y Richard Crump , Writer

FRC launches probe into Deloitte over Serco audit

Investigation comes three years after the Serious Fraud Office started a criminal investigation into Serco over its electronic monitoring of contracts...

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European inquiry into Panama Papers receives go-ahead
Administration

European inquiry into Panama Papers receives go-ahead

8y Fraser Simpson , Reporter

European inquiry into Panama Papers receives go-ah...

The European Parliament has given the green light on an EU investigation into the Panama Papers Read More...

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FRC launches probe into KPMG Ted Baker audit
Accounting Firms

FRC launches probe into KPMG Ted Baker audit

8y Richard Crump , Writer

FRC launches probe into KPMG Ted Baker audit

FRC will investigate KPMG's consideration of and compliance with ethical standards in connection with the provision of non-audit services Read More...

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IFRS Foundation and IOSCO agree protocol on IFRS for capital markets
Regulatory Bodies

IFRS Foundation and IOSCO agree protocol on IFRS for capital markets

8y Calum Fuller , Reporter

IFRS Foundation and IOSCO agree protocol on IFRS f...

IFRS Foundation and International Organisation of Securities Commissions announce agreement to improve application of IFRS standards Read More...

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FRC issues alternative performance measures guidance
Regulatory Bodies

FRC issues alternative performance measures guidance

8y Calum Fuller , Reporter

FRC issues alternative performance measures guidan...

Guidelines and FAQs issued to clarify alternative performance measures Read More...

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BIS launches insolvency consultation
Business Recovery

BIS launches insolvency consultation

8y Chris Warmoll , Writer

BIS launches insolvency consultation

The proposed moratorium would last for three months, with the possibility of an extension, if needed Read More...

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IPA issues first specialist insolvency licence
Accounting Firms

IPA issues first specialist insolvency licence

8y Chris Warmoll , Writer

IPA issues first specialist insolvency licence

IPA issues first personal insolvency licence after licensing regime opended to greater competition Read More...

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Law Society pours scorn on ICAEW's latest attempt to expand its legal reach
Accounting Standards

Law Society pours scorn on ICAEW's latest attempt to expand its legal reach

8y Kevin Reed , Writer

Law Society pours scorn on ICAEW's latest attempt ...

Law Society claims that the public interest cannot prove to have been served by the ICAEW's move into probate - and as such should not be used by the ...

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FRC mulls BHS investigation
Business Recovery

FRC mulls BHS investigation

8y Richard Crump , Writer

FRC mulls BHS investigation

FRC looks into events at BHS following pressure from MPs to scrutinise directors and advisers involved in sale of department store prior to its collap...

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Insolvency Service to probe BHS director behaviour
Business Recovery

Insolvency Service to probe BHS director behaviour

8y Chris Warmoll , Writer

Insolvency Service to probe BHS director behaviour

The fast-track move is a bold departure from the norm, as a probe would normally only begin several months after administrators had finished their own...

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Auditors will shoulder disproportionate burden of disciplinary action under new FRC regime
Audit

Auditors will shoulder disproportionate burden of disciplinary action under...

8y Idris Nagri

Auditors will shoulder disproportionate burden of ...

The FRC's new disciplinary regime for public interest entities could see could see more frequent enforcement on more minor matters, write Taylor Wessi...

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