The former chief financial officer (CFO) and former financial controller of spread betting company Worldspreads Ltd (WSL) have both been banned and fined by the Financial Conduct Authority (FCA) over claims of market abuse at the company, which went into administration after a £15m black hole was uncovered in the client money accounts

A further two companies, Domino's Pizza and Dunelm, have recently admitted to incorrect dividends payouts, demonstrating that paying out the wrong dividends is becoming an increasingly complicated issue for listed companies, warn Kate Ball-Dodd, partner and Dominic Palmer, senior associate at Mayer Brown International LLP

In the first triennial review of new UK GAAP, the standard setter is considering changes to reporting of directors’ loans, investment property and the definition of financial instruments. Anne Cowley ACA assesses the proposals and impact on company reporters

In this month’s roundup of developments in accounting and financial reporting, Companies House six-year data wipe plan shelved, FDs hit with £5,000 senior accounting officer compliance fines, former RSA CFO censured over financial statements

The Charity Commission has launched an accounts templates pack for small charitable companies, designed in partnership with Companies House, to help trustees of charitable companies with an income of under £500,000 prepare their accounts

Companies with UK operations should consider the income tax accounting effects of Brexit notification, say Jennifer Spang, partner, and Kassie Bauman, director in the national professional services group at PwC US 

This month's CCH Daily CPD module focuses on employee benefits under the scope of Section 28 in FRS 102 under new UK GAAP, with advice on stating employee benefits in accounts and calculating more challenging benefits regarding termination

Anne Cowley ACA considers the treatment of share for share exchangesin mergers and acquisitions and the impact on share capital under Companies Act 2006, sections 611-615

The Basel Committee on Banking Supervision (BCBS) has released details of the interim regulatory treatment of accounting provisions and standards for transitional arrangements in the run-up to IFRS 9 implementation

The International Accounting Standards Board (IASB) is consulting on proposals to make minor amends to IFRS 8 Operating Segments, with a new requirement to disclose the title and role of the influential decision maker

The International Accounting Standards Board (IASB) is to amend IAS 34 Interim Financial Reporting to tweak reporting dates to require companies that change their segments to provide restated segment information in the first interim report after the change

Tesco is to pay £129m under the terms of a deferred prosecution agreement (DPA) to be formally confirmed next month, to settle a probe by the Serious Fraud Office (SFO) into accounting practices at the retailer which resulted in a £263m black hole in its half year interim results in 2014. The supermarket giant will also pay out £85m to affected shareholders via a scheme which will be set up and run by KPMG, reports Pat Sweet