Ex-RSM Tenon CEO fined; ex-FD and PwC face complaints over its accounting
Accounting Standards

Ex-RSM Tenon CEO fined; ex-FD and PwC face complaints over its accounting

8y Kevin Reed , Writer

Ex-RSM Tenon CEO fined; ex-FD and PwC face complai...

Former RSM Tenon CEO Andy Raynor fined and reprimanded over its accounting, with both its former FD and auditor PwC facing complaints from the FRC Rea...

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Sports Direct implements FRC corrections in annual reporting
Accounting Standards

Sports Direct implements FRC corrections in annual reporting

8y Stephanie Wix , Writer

Sports Direct implements FRC corrections in annual...

Corrective action has been taken by Sports Direct into its international stores reporting, following a review by accounting's watchdog Read More...

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CIIA appoints ex-FRC chief Paul Boyle as president
Company News

CIIA appoints ex-FRC chief Paul Boyle as president

8y Stephanie Wix , Writer

CIIA appoints ex-FRC chief Paul Boyle as president

Paul Boyle is appointed as the president of the Chartered Institute of Internal Auditors Read More...

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FRC appoints former ICAEW president to its board
People Practice

FRC appoints former ICAEW president to its board

8y Stephanie Wix , Writer

FRC appoints former ICAEW president to its board

Paul Druckman has been appointed to the board of the Financial Reporting Council (FRC) Read More...

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Nine steps for managing an accountancy disciplinary investigation
Accounting Firms

Nine steps for managing an accountancy disciplinary investigation

8y Accountancy Age

Nine steps for managing an accountancy disciplinar...

Do you have an investigation looming large over you? Kingsley Napley's Julie Matheson goes through the best strategies to manage the process Read More...

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CIMA opens door to CIPFA members
Accounting Standards

CIMA opens door to CIPFA members

8y Stephanie Wix , Writer

CIMA opens door to CIPFA members

An accelerated entry route into CIMA for CIPFA members is launched Read More...

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Former CFO joins IASB board
Accounting Standards

Former CFO joins IASB board

8y Stephanie Wix , Writer

Former CFO joins IASB board

The International Accounting Standards Board (IASB) have announced that Françoise Flores will join 1 January 2017 Read More...

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ACCA announces partnership with RD Tax Solutions
Accounting Standards

ACCA announces partnership with RD Tax Solutions

8y Stephanie Wix , Writer

ACCA announces partnership with RD Tax Solutions

The ACCA has announced a partnership with UK research and development tax reclaim specialist RD Tax Solutions Read More...

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Watchdog launches audit investigation into Sports Direct
Accounting Firms

Watchdog launches audit investigation into Sports Direct

8y Stephanie Wix , Writer

Watchdog launches audit investigation into Sports ...

FRC investigates why an arrangement between Sports Direct and Barlin Delivery was not disclosed in the company’s financial statements as a related par...

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Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes
Audit

Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; an...

8y Kevin Reed , Writer

Friday Afternoon Live: HMRC complaints rise; Deloi...

HMRC receives highest number of complaints in seven years; Deloitte scoops BP and Centrica audits; and corporate reporting under the microscope in our...

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Record fine for Deloitte and audit partner over Aero misconduct
Accounting Standards

Record fine for Deloitte and audit partner over Aero misconduct

8y Stephanie Wix , Writer

Record fine for Deloitte and audit partner over Ae...

Deloitte has been fined a record £4m and its partner John Clennett fined £150,000 for misconduct regarding Aero Inventory Read More...

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MTD described as ‘insufficient’ and ‘unrealistic’ via major institute research
Corporate Tax

MTD described as ‘insufficient’ and ‘unrealistic’ via major institute resea...

8y Stephanie Wix , Writer

MTD described as ‘insufficient’ and ‘unrealistic’ ...

Accountants continue to pile pressure on HMRC to backtrack on its proposals for Making Tax Digital - with the consultation period set to end Read More...

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'Clear' tax avoidance guidance for advisers issued by institutes
Accounting Standards

'Clear' tax avoidance guidance for advisers issued by institutes

8y Stephanie Wix , Writer

'Clear' tax avoidance guidance for advisers issued...

Updated guidance on the standards expected of tax advisers and agents have been published by leading UK accountancy and tax bodies Read More...

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CIMA president becomes first chair of 'new' association
Institutes

CIMA president becomes first chair of 'new' association

8y Stephanie Wix , Writer

CIMA president becomes first chair of 'new' associ...

Andrew Miskin, president of CIMA, has been appointed as the first chair of the Association of International Certified Professional Accountants Read Mo...

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HMRC and Concentrix discuss ‘early exit’ as NAO launches inquiry
Personal Tax

HMRC and Concentrix discuss ‘early exit’ as NAO launches inquiry

8y Andrew Goodall

HMRC and Concentrix discuss ‘early exit’ as NAO la...

Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs Read More...

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Making Tax Digital project must be reset, experts tell MPs
Corporate Tax

Making Tax Digital project must be reset, experts tell MPs

8y Andrew Goodall

Making Tax Digital project must be reset, experts ...

Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small bus...

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Cashflow statement improvements targeted by watchdog
Accounting Standards

Cashflow statement improvements targeted by watchdog

8y Stephanie Wix , Writer

Cashflow statement improvements targeted by watchd...

Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC) Read More...

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FRC expects Brexit narrative within annual reports
Accounting Standards

FRC expects Brexit narrative within annual reports

8y Stephanie Wix , Writer

FRC expects Brexit narrative within annual reports

The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted...

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MEP calls for IASB pay cuts
Accounting Standards

MEP calls for IASB pay cuts

8y Richard Crump , Writer

MEP calls for IASB pay cuts

Board members of accounting standard setter the IASB have come under fire for the size of their remuneration packages amid scrutiny of how the organis...

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FRC launches complaint against KPMG over audit of Lloyd’s syndicate Equity Red Star
Accounting Firms

FRC launches complaint against KPMG over audit of Lloyd’s syndicate Equity ...

8y Richard Crump , Writer

FRC launches complaint against KPMG over audit of ...

THE accounting watchdog has launched disciplinary formal complaints against KPMG over its audit of a Lloyd’s of London syndicate Equity Red Star Read ...

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LAPFF urges FTSE 350 companies to disregard the FRC
Accounting Standards

LAPFF urges FTSE 350 companies to disregard the FRC

8y Richard Crump , Writer

LAPFF urges FTSE 350 companies to disregard the FR...

The UK’s largest listed companies should disregard the accounting advice of reporting watchdog the FRC, a group of investors have urged chairmen of FT...

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FRC scraps investigation into former Tesco CFO
Company News

FRC scraps investigation into former Tesco CFO

8y Richard Crump , Writer

FRC scraps investigation into former Tesco CFO

Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket wa...

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PwC fined £2.3m over Cattles audit
Accounting Firms

PwC fined £2.3m over Cattles audit

8y Richard Crump , Writer

PwC fined £2.3m over Cattles audit

PwC has been hit with a £2.3m fine by the accountancy watchdog over its audits of the financial statements of Cattles and Welcome Financial Services L...

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Eight year directorship ban dished up for restauranteur's inadequate records
People Business

Eight year directorship ban dished up for restauranteur's inadequate record...

8y Richard Crump , Writer

Eight year directorship ban dished up for restaura...

An Aberdeenshire director has been disqualified for failing to ensure her restaurant company kept adequate books and records Read More...

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Director banned for failing to keep proper accounting records
Business Recovery

Director banned for failing to keep proper accounting records

8y Richard Crump , Writer

Director banned for failing to keep proper account...

The director of a company set up to market a fuel-saving device has been disqualified for failing to maintain and preserve proper records Read More...

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Assistant accountant handed an 11-year Bankruptcy Restrictions Order
People Practice

Assistant accountant handed an 11-year Bankruptcy Restrictions Order

8y Richard Crump , Writer

Assistant accountant handed an 11-year Bankruptcy ...

Assistant Accountant handed an 11-year Bankruptcy Restrictions Order for misappropriating funds Read More...

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Father and son directors disqualified by Insolvency Service
People Business

Father and son directors disqualified by Insolvency Service

8y Richard Crump , Writer

Father and son directors disqualified by Insolvenc...

Father and Son directors disqualified for five years and three and a half years for running up large Crown debts whilst trading insolvently Read More...

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