An ACCA-qualified accountant who defrauded a former X Factor winner of £599,000 in order to fund a gambling habit has been jailed for four years

Many employees are treating the New Year as an opportunity to rethink career prospects, with 52% of accountancy and finance professionals planning to move jobs over the next 12 months

This week's news of professional moves in the sector includes a partner promotion at Grant Thornton, RSM gains two partners, a tax director joins Smith Cooper

The Charity Commission has opened a statutory inquiry into GTC over concerns about the governance and administration of the charity, which was set up to relieve poverty in the UK, mainly in Buckinghamshire, but may have been sending funding overseas for activities beyond its remit

Tax reliefs to support decommissioning of the UK’s offshore oil and gas infrastructure are set to cost £24bn, although the actual figure is highly uncertain according to a report by the National Audit Office (NAO), which says there are there are gaps in the government’s understanding of the costs and benefits of changes to the tax regime

EY US has set up an independent audit quality committee (IAQC), comprised of senior external leaders and a former member of the Public Company Accounting Oversight Board (PCAOB), which will advise the US firm’s senior leadership on issues that affect audit quality