Top 10 fund management and accounting group Smith & Williamson has reported a 10.3% hike in operating income for the first six months of the 2019/20 financial year, which also saw the firm announce a strategic merger with Tilney Group to create a £1.8bn business.

Fashion brand Superdry has become the latest retailer to announce its reporting has contained accounting errors, with the company disclosing a £3.9m adjustment related to stock handling which has reduced profits for the second half of the year

Only one in five countries in Europe including the UK are fully compliant with the rules on suspicious transactions and order reporting (STORs) in financial services

The Post Office has agreed to pay £58m to settle a long running legal case brought by a group of sub postmasters who faced charges of fraud which they said were down to problems with a new computerised accounting system

The Scottish Qualifications Authority (SQA) is under investigation over allegations of internal accounting fraud, with claims a six-figure sum could be involved

Accountants need to respond to investor demands for more transparency and actionable insights from company reports, but have doubts about the potential for artificial intelligence (AI) to help with this analysis, research by EY has found

Changes to the Interbank Offered Rate (IBOR) will impact IFRS 9 while a review of management commentary will tighten requirements around disclosures, the International Accounting Standards Board (IASB) has confirmed. Jeroen Van Doorsselaere explains

Upmarket fashion brand Ted Baker is launching a review of its accounting methods after discovering the value of inventory held on its balance sheet has been overstated by some £20m

This month’s accounting update includes 10-year ban for ex-BHS boss, £40m losses at Goals Soccer Centre, FRC demands corporate reporting improvements, CIMA updates ethics code, EU securities markets regulator prioritises IFRS 16, US part delays lease standard, CIPFA clarifies property investment rules, and college accounts direction is updated

Shareholders in AIM-listed Quindell, now known as Watchstone Group, have signalled plans for legal action over losses sustained as a result of what they claim were misleading statements or omissions in the company’s representations to the London Stock Exchange

The US Financial Accounting Standards Board (FASB) plans to defer certain effective dates for upcoming accounting standards on current expected credit losses (CECL), leases, hedging and long-duration insurance contracts

Big Four accounting firm Deloitte has reported a slight improvement in its ethnicity pay gap, as it declined from 43.9% in 2018 to 43.5% in 2019