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The accountancy sector has come under fire for its approach to anti-money laundering (AML) supervision, with claims many professional body supervisors (PBSs) are failing to supervise standards robustly, partly for fear of upsetting members and because they believe money laundering is not an issue for firms

With Easter 2019 just around the corner, business owners are being urged to plan ahead if they are to avoid missing payments to staff and suppliers over the long Easter bank holiday weekend, according to advice from Pay.UK, which acts as the single operator for all UK retail payments

Mid-tier audit firm Grant Thornton is the subject of a probe by the Financial Reporting Council (FRC) into its auditing of outsourcing specialist Interserve, which went into administration last month, with the regulator announcing an investigation into the firm’s work under its audit enforcement procedure

When a business makes a profit it is not necessarily as rosy at year end as first thought. Jonathan Amponsah CTA FCCA of The Tax Guys shares some of the biggest mistakes facing owner managed businesses and looks at what can be done to avoid potential pitfalls from misjudging price rises to low margins and a lack of cashflow

The high street’s decline is accelerating, with a record number of stores disappearing in 2018 and a sharp drop in the number being opened, according to analysis from PwC which says the increasing cost of occupancy, shift to online and subdued consumer spending are all taking their toll

There is an urgent need for an ethical framework for the use of big data or there is a risk of undermining the social purpose of financial services according to ICAEW

High street department chain Debenhams has gone into administration in a pre-pack as lenders take over control of the group following the appointment of FTI Consulting LLP, putting more high street jobs at risk

The four Premier League clubs playing in this week’s first leg quarter finals of the Champions League generated two thirds of the total footballing revenues of the last eight and this week's games are set to generate record revenues

Almost 115,000 businesses waited an average of 57 days for payment in 2018 with more than 1,000 of these subsequently entering insolvency as a result, according to data from Begbies Traynor which highlights how late payments could be a significant factor in insolvency

Andy Turner, media and sports partner at Mercer & Hole, provides an update on football finance from accounting for the impact of financial fair play regulations to calculating club profitability

Mid-tier firm BDO has confirmed that it is considering various options to hive off the audit practice from the rest of its accounting, tax and business advisory activities to ensure profitability and remove potential conflict, reports Sara White