Business | Interest rates increased to 0.75%

The Bank of England (BoE) has increased interest rates from 0.5% to 0.75% in the third rise in as many months 

17 Mar 2022

Business

Companies

Accountancy Firms

| Internal audit teams invest in data analytics

The majority of senior internal audit leaders and their teams have completed or are currently undertaking initiatives to transform their internal audit function

17 Mar 2022

Auditing

Business

Companies

AI & Technology

Business | FTSE 100 companies hit boardroom diversity targets

Almost all FTSE 100 boards have appointed at least one minority ethnic member in time to meet the targets of the government’s Parker boardroom review

16 Mar 2022

Business

Companies

Business | Economic Crime Act creates property register

New rules will create a register of overseas owners of UK property to improve transparency and highlight potential risks of money laundering

16 Mar 2022

Business

Companies

Law & Guidance

Business | Corporate insolvencies remain stable so far

The number of corporate insolvencies has remained stable with February 2022 recording 1,515 which is a similar level to January’s 1,560 

15 Mar 2022

Business

Companies

Restructuring & Insolvency

Business | Bounce back loan scheme indefensible, claims Agnew

The bounce back loan scheme was mismanaged by the British Business Bank while lenders were slow to implement adequate fraud checks Lord Agnew told MPs today

15 Mar 2022

Business

Companies

Business | Ditch super deduction tax break says FSB chair

The new national chairman of the Federation of Small Businesses (FSB) Martin McTague says the Chancellor should ignore calls to extend the super deduction tax break ahead of the Spring Budget

15 Mar 2022

Business

Companies

Business | Troubled Finablr goes into administration

Global payments provider Finablr plc has gone into administration with PKF GM appointed to handle the search for an alternative buyer

14 Mar 2022

Business

Companies

Restructuring & Insolvency

Business | Blockchain: the future of accountancy

With digital transformation has come the rapid rise of blockchain technology, but what does it mean for the future of accounting? John Edwards, CEO of the Institute of Financial Accountants (IFA) looks at how blockchain technology is disrupting the sector

14 Mar 2022

Business

Companies

Accountancy Firms

AI & Technology

| Chancellor calls on firms to stop investing in Russia

The Chancellor has called on UK firms to ‘think very carefully’ about any investments that would support the Putin regime, in the wake of the invasion of Ukraine

14 Mar 2022

Corporate Governance

Business

Companies

Accountancy Firms

Business | 17% rise in whistleblower reports

The Serious Fraud Office (SFO) has reported a 17% increase in whistleblower reports in the last year

14 Mar 2022

Business

Companies

Accountancy Firms

Business | Kroll appointed administrators for Steptronic Footwear

Footwear brand Steptronic has appointed business advisory firm Kroll as administrator, following supply chain challenges

11 Mar 2022

Business

Companies

Restructuring & Insolvency

Business | Payroll salaries rise by up to 15% as hybrid working expands

Salaries for payroll jobs have risen by up to 15% as increased competition and talent shortages add to pressure on employers

11 Mar 2022

Business

Companies

Accountancy Firms

Careers

Business | ICAEW and HMRC release film on money laundering

ICAEW and HMRC have released a short film to show how easy it is for businesses to get caught up in financial crimes

11 Mar 2022

Business

Companies

Accountancy Firms

Finance | Stewardship standards improve at companies, says FRC

The quality of stewardship at UK companies is improving as the Financial Reporting Council (FRC) adds more names to its list of signatories to the UK Stewardship Code

10 Mar 2022

Finance

Financial Reporting

Business

Companies