Old Mutual PLC says its transition to IFRS is on track and that it will be ready to release restated 2004 accounts in May.
Old Mutual also saw a £31m one-off increase to its profit and loss account for 2003 after including accounting standards adopted by it’s South African subsidiary Nedcor.
Local reporting requirements saw Nedcor discount future cash flows on advances. The change was acceptable under UK GAAP and Old Mutual decided to include the requirement in its financial statements.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016