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Image for government crackdown economic crime

Business | Government crackdown on economic crime

The government has launched an Economic Crime Plan, a joint initiative with law enforcement, business and professional services firms, to share data and pool resources, in a bid to crack down on fraud, money laundering, bribery and corruption

16 Jul 2019

Finance | AIM listed Renold finds £1.8m accounting error

Renold, an industrial equipment supplier, has postponed its AGM scheduled for 17 July after the company discovered a £1.8m accounting black hole in its gears business unit

12 Jul 2019

Business | O'Connor: using fintech to increase practice profitability

Advances in fintech could transform the accounting profession if firms leverage the technology to help growth their practices and offer extended services to their smaller clients, explains Sam O’Connor ACA, co-founder & CEO of smart banking app Coconut

12 Jul 2019

Image for women ftse 100 boards symbolic only

Business | Women on FTSE 100 boards ‘symbolic’ only

FTSE 100 companies are being criticised for a failing to tackle the lack of diversity on their boards despite new figures showing they are on track to hit a 33% target for female board representation by 2020

12 Jul 2019

Careers

Image for sec charges accountant over 62m insider trading

Business | SEC charges accountant over $6.2m insider trading

The US Securities and Exchange Commission (SEC) has filed insider trading charges against an accountant who tipped off a friend about confidential financial information

11 Jul 2019

Called to Account

Image for uk regulator hits marriott ps99m data breach fine

Business | UK regulator hits Marriott with £99m data breach fine

The Information Commissioner's Office (ICO) plans to fine hotel chain Marriott International £99m for general data protection regulation (GDPR) infringements, just days after a record-breaking £183m fine for British Airways over a privacy breach

11 Jul 2019

Business | European Commission approves Flybe acquisition

The purchase of Flybe by a consortium of companies led by Virgin Atlantic has been approved by the European Commission under the EU Merger Regulation

9 Jul 2019

Image for begbies traynor achieves ps60m revenue milestone

Business | Begbies Traynor achieves £60m revenue milestone

Begbies Traynor has reported revenues of £60.1m in its latest annual report, up 15% from £52.4m last year

9 Jul 2019

Image for five day turnaround time mtd direct debits

Tax | Five-day turnaround time for MTD direct debits

Taxpayers need to allow five working days to set up a direct debit instruction for the new Making Tax Digital (MTD) service

9 Jul 2019

Business | FCA tightens controls on peer-to-peer lending rules

As the Financial Conduct Authority (FCA) releases its latest rule book for loan-based, peer-to-peer platforms, Kam Dhillon, principal associate at Gowling WLG, explains the regulator’s latest attempts to improve investor protection

9 Jul 2019

Business | CFO concerns over Brexit outcome deepens

Brexit uncertainties and concerns about developments in geopolitics mean CFOs at the UK’s largest companies are battening down the hatches

9 Jul 2019

Image for ba faces record ps183m gdpr fine

Business | BA faces record £183m GDPR fine

British Airways (BA) is facing a potential fine of £183.39m for infringements of the general data protection regulation (GDPR), following an extensive investigation by the Information Commissioner’s Office (ICO) into a cyber incident the airline notified in September 2018

8 Jul 2019

Accountancy Firms

Image for cma raps barclays over sme account bundling

Business | CMA raps Barclays over SME account ‘bundling’

The Competition and Markets Authority (CMA) has told Barclays to improve its practices after the bank broke rules designed to protect small businesses by requiring some to open bank accounts they did not request or need, in a process known as ‘bundling’

8 Jul 2019