Corporate Governance

Image for processing delays companies house

Business | Processing delays at Companies House

Companies House reports delays in processing certain records so same day filing service not available temporarily

15 Jun 2026

Finance | FRC launches major investigation into audit firms after MFS collapse

Trio of auditors of collapsed property loan business Market Financial Solutions (MFS) face multi-pronged investigation by regulator over individual conduct and audit work

11 Jun 2026

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Finance | FRC to investigate accountant over P&O Ferries audit

Regulator launches investigation into the conduct of an individual member accountant over information provided to Big Four auditor of P&O Ferries Division Holdings Limited

10 Jun 2026

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Finance | P&L accounts will be mandatory for small companies from April 2028

Government confirms requirement to file balance sheet and P&L accounts publicly on Companies House will have an opt-out from April 2028, but abridged accounts will be abolished

10 Jun 2026

Finance | PwC faces investigation into work on £1.6m WH Smith audit

Regulator to investigate PwC for audit work related to the financial statements of WH Smith for FY24, the year before a £30m revenue recognition error

9 Jun 2026

Finance | Tips on implementing an ERP system

Tony Federico, group CFO of Stiltz Homelifts, gives his tips and advice on how to ensure an enterprise resource planning (ERP) rollout succeeds from defining initial objectives to potential risks, and the importance of appointing ‘super users’ in each key department and team training

8 Jun 2026

Financial Reporting

Image for qde hires boutique firm ps53k audit after crowe quits

Finance | QDE hires boutique firm for £53k audit after Crowe quits

After ‘entirely unexpected’ resignation of auditor in April days before year end results were due, Quantum Data Energy plc goes niche with replacement audit firm

4 Jun 2026

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Finance | All law firms will have to produce accountants’ reports

Solicitors Regulation Authority tightens rules on filing accountants’ reports after collapse of PM Law and Axiom Ince law firms led to loss of millions of pounds in client money

3 Jun 2026

Finance | Bank of Ireland hires Deloitte for £7.7m audit

London listed Bank of Ireland Group swaps auditor in latest Big Four switch confirming Deloitte will take over in 2028 now tender outcome decided

2 Jun 2026

Image for bdo fined ps14m numerous and pervasive audit failings

Finance | BDO fined £1.4m for ‘numerous and pervasive’ audit failings

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

29 May 2026

Image for ousted bp chair hits back serious misconduct claims

Business | Ousted BP chair hits back at ‘serious misconduct’ claims

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

28 May 2026

Business

Companies

Finance | Companies House warning on fake invoices to directors

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

28 May 2026

Financial Reporting

Image for legal general hires deloitte ps21m audit

Finance | Legal & General hires Deloitte for £21m audit

FTSE 100 insurance giant Legal & General swaps Big Four auditor appointing Deloitte as incumbent approaches 10-year tenure

28 May 2026

Image for half finance teams take six days plus month end close

Finance | Half of finance teams take six days plus for month-end close

Finance teams overcomplicate month-end close processes by relying on fragmented systems, spreadsheets and late reconciliations

27 May 2026

Financial Reporting

Image for bp removes chair after serious concerns about conduct

Business | BP removes chair after ‘serious concerns’ about conduct

Oil giant BP confirms immediate removal of chair and director Albert Manifold after ‘serious concerns’ related to ‘important governance standards, oversight and conduct’

26 May 2026

Business

Companies