The Financial Reporting Council (FRC), which is set to be disbanded, is consulting on its draft plan and budget for next year, which will see an 11% hike in its budget requirements as it begins the transition to a new statutory regulator, the Audit Reporting and Governance Authority (ARGA)

FTSE 100 plumbing and heating equipment supplier Ferguson is to reverse its decision of a decade ago and is moving its corporate headquarters back to the UK from Switzerland because of changes in the Swiss tax regime set to take effect from 2020

Scottish five-a-side football club operator Goals Soccer has revealed further details of ‘significant’ accounting errors, with around £12m of VAT misdeclared, and has asked for temporary suspension from trading on AIM, pending clarification of the company’s financial position

From next month, the minimum contributions employers and their staff must pay into their automatic enrolment workplace pension scheme will increase, and The Pensions Regulator (TPR) is urging all businesses and individuals to make sure they are ready for the change

MPs want an end to ‘eyewatering’ remuneration packages for top bosses and are calling for companies to do more to link executives’ pay to that of the rest of their workforce, in the wake of ‘shaming’ decisions such as those at Persimmon, Royal Mail and Unilever

Over four in ten businesses in the UK are unaware of the risks posed by invoice fraud, despite these scams costing firms almost £93m in 2018, research from UK Finance has revealed

Artificial intelligence (AI) can reduce the volume of transactional work and improve productivity through the use intelligent accounts payable management systems but it cannot replace humans. Alan Rajah, partner at Lawrence Grant Chartered Accountants, examines the use of AI in accounting and finance teams

Sentiment among financial services firms deteriorated further in the quarter to March, plunging sharply at the fastest pace since December 2008, according to the latest CBI/PwC survey

Telecommunications firms are to benefit from 100% non-domestic rates relief on new fibre broadband infrastructure in Scotland to help them make the business case for installations, the Scottish government has revealed

The number of investigations launched by HMRC into the underpayment of the apprenticeship levy has more than doubled in a year to 84, up from 33 in 2017/18, according to analysis by UHY Hacker Young

As Brexit negotiations continue to be poised on a knife-edge, HMRC has announced it is extending arrangements already announced for traders to use transitional simplified procedures (TSP) designed to make importing easier, in the event of the UK leaving the EU without a withdrawal agreement on the new date of 12 April

The level of fraud in businesses is growing exponentially but the only way to get to grips with the scale of the problem is to drill down to the fundamental reasons why it happens and risk factors for finance departments, says Arun Chauhan, founder and managing director of Tenet Compliance & Litigation