The Chartered Institute of Public Finance and Accountancy (CIPFA) has criticised the oversight of public sector audit, saying that since the abolition of the Audit Commission, quality has deteriorated
The Charity Commission has launched an inquiry into Jamia Alfurqan Ltd after West Midlands Police raised serious concerns about the charity’s operations and financial management
Regulatory scrutiny of businesses is on the increase with the number of skilled person reviews launched by the FCA and PRA up 16% in a year, the first increase in four years
The tax authorities are taking a tougher stance on companies that go bust owing large amounts of tax with over 4,000 HMRC winding up petitions filed last year
The government has agreed to defer loan charge repayment date to September 2020 in a move which will see 11,000 affected taxpayers removed from the tax clawback following the release of the Amyas review
Six etchings by Dutch master Rembrandt have been given to the Ulster Museum in Belfast as a result of a deal over an outstanding tax bill, the first works by the artist to be acquired by a Northern Ireland museum
Andrew Bailey, currently head of the Financial Conduct Authority (FCA) has been appointed to succeed Mark Carney as the new governor of the Bank of England
Despite a noticeable uptick in the number of women serving on company boards in the past year, there are signs that organisations are choosing from a limited pool of female candidates who are offered multiple roles, rather than widening their choice
At a time of high employment, it is increasingly difficult to find the right people with the right skills, but by diversifying your hiring practices, you can broaden the range and abilities of all your people, writes Jennifer Warawa, vice president at Sage
The Bank of England is consulting on its proposals for stress testing the financial stability implications of climate change, by setting up a biennial exploratory scenario (BES)
Plans to increase the threshold for national insurance, overhaul the audit regulator and hike research and development (R&D) tax relief and were confirmed in the Queen’s Speech
PwC is handling the administration of The Book People, a long-established book supplier, which has collapsed in the run-up to Christmas, putting some 400 jobs at risk
The Financial Reporting Council (FRC) has widened its investigation into EY’s auditing of collapsed travel firm Thomas Cook Group to bring in 2017 financial statements
The joint FCA/FRC regulatory taskforce on disclosures on expected credit losses (DECL) has overhauled the guidance on best practice reporting requirements under IFRS 9 Financial Instruments
Retail chain Dixons has failed at a First Tier Tribunal (FTT) appeal in a bid to reclaim £1.8m of overpaid VAT on cheques which had been dishonoured, on the basis it was out of time for a refund
An overhaul of tax rules on private residence relief (PRR) from April 2020 will reduce the final period exemption to nine months, hitting individuals who own more than one residential property which they have lived in as their main residence at any time. John Spencer-Silver, senior associate at Forsters LLP, explains
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