KPMG’s revenues are up by 2.6% at £1.96bn, but profits have dropped for the second year in a row at the firm, down 7%, partly as a result of spending on acquisitions, property and staff training and development, while partner pay has fallen by 13%

Partying too early in the season leaves Finance Mole with a hangover before the new year has even started, particularly when the finance team tries to cut corners and reduce spend with an early start

The accounting regulator, the Financial Reporting Council (FRC), is to change its executive structure next year to improve its governance and oversight in light of new responsibilities following the introduction of the EU Audit Directive in the UK and to meet the targets and objectives set out in its 2016/19 strategy

It’s getting to that time of year – Christmas parties and lots of drinking! Employers should again think about warning employees that they will be expected to behave themselves. However, as the recent case of MBNA Limited v Jones UKEAT/0120/15/MC shows, there is always the risk that incidents at such events will lead to disciplinary proceedings and even dismissal. Christopher Davies, employment lawyer at Gateley plc considers the implications