Companies

Image for consultant banned over unaccounted ps200k

Business | Consultant banned over unaccounted £200k

A consulting director has been banned for eight years after failing to keep adequate company records, including income of more than £63,800 and assets of £137,000

23 Dec 2022

Business | Cost risk of 25-year leases for HMRC hubs, warn MPs

MPs have criticised the way the government manages its property portfolio, with many of the newer buildings, including HMRC hubs, locked into 25-year leases

22 Dec 2022

Image for ftx directors plead guilty criminal charges

Business | FTX directors plead guilty to criminal charges

Two former top executives of Sam Bankman-Fried’s crypto trading exchange FTX have pleaded guilty to criminal fraud charges

22 Dec 2022

Business | Accountants paid £551k for anti-money laundering breaches

Accountancy firms were fined over half a million pounds due to breaches of anti-money laundering (AML) controls, nearly double the amount issued in 2019

22 Dec 2022

Image for scottish directors banned ps125k bounce back fraud

Business | Scottish directors banned for £125k bounce back fraud

Two directors have been banned for a total of 21 years after falsely claiming over £125,000 in bounce back loans

22 Dec 2022

Business | Accountant avoids jail for £150k publisher fraud

A former accountant has been given a suspended two-year sentence after defrauding a publisher out of £150,000 over a period of one year

21 Dec 2022

Business | FRC ‘deeply concerned’ about exam cheating

The Financial Reporting Council (FRC) has updated stakeholders on its review to identify and prevent exam cheating at audit firms

21 Dec 2022

Image for fees arga audit regulator must be proportionate

Business | Fees for ARGA audit regulator must be ‘proportionate’

The audit regulator has set out the rationale for future funding requirements once the body is relaunched as the Audit Reporting and Governance Authority (ARGA)

21 Dec 2022

Image for customs export system delayed says hmrc

Business | Customs export system delayed, says HMRC

HMRC is giving exporters an additional eight months to sign up to the customs declaration service (CDS) as testing continues and rollout is delayed

21 Dec 2022

Business | FTSE 100 audit fees hit £1bn

Fees paid to auditors by FTSE 100 companies have broken through the £1bn threshold for the first time this year, from £975.38m in 2021, according to research by Thomson Reuters

19 Dec 2022

Auditing

Image for tax vacancies see steady growth

Business | Tax vacancies see steady growth

The demand for tax professionals within and outside the UK's accounting sector has seen consistent growth in 2022, with vacancies up on 2021 levels, according to Morgan McKinley

19 Dec 2022

Business | Class biggest barrier to progression says KPMG

Class and economic background plays a significant role on an individual's career progression, compared to any other diversity characteristics, according to KPMG research

19 Dec 2022

Business | Care home insolvencies jump 59%

Insolvencies involving residential care businesses have jumped 59% in the past year, as many struggle to deal with mounting servicing costs and energy bills, warned Mazars

19 Dec 2022