The Financial Reporting Review Panel has closed its books on Sanctuary, the
music group dogged by accounting difficulties.
The FRRP announced its view today that the company had presented as changes
in accounting policy what were in fact ‘fundamental errors’ in the 2004
A 49% equity shareholding in Rough Trade Records was an equity investment,
the FRRP added, and should not have been consolidated.
Sanctuary had revealed the substance of the FRRP’s review in May, forcing out
its chief executive Andy Taylor in doing so as a result of the criticisms.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure