BDO and long-time partner fined £1,379,875 for ‘significant and serious’ breaches in audit work for now liquidated NMCN, with problems on going concern, revenue recognition and control sampling
As Milburn reports warns of ‘generational fault line’ with over 1m young people out of work, government outlines plans for 300,000 work experience and training placements
Last minute dash to export data to pensions dashboard for multiple pension pot records as Money and Pensions Service confirms 70 million accounts now linked
Former chair of oil giant BP, Albert Manifold, refutes board’s claims of misconduct, stating ‘I dispute entirely this characterisation of my conduct’, arguing his focus was on accelerating cost cutting and driving performance
Radley, the handbag maker synonymous with the iconic Scottie dog tags, rescued in pre-pack deal after £6.1m loss year on year, but all high street shops to shut
Business owners warned to watch out for unsolicited, suspicious payment requests pretending to be from government departments and never make payments without carefully checking their veracity
IASB issues brand new IFRS 20 accounting standard to improve financial reporting for companies subject to rate regulation, particularly for electricity, water and gas, and transport sectors