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Image for dfk and agn expand network alliance member

Business | DFK and AGN expand network with alliance member

Independent accounting associations DFK International and AGN International have expanded the strategic alliance they announced a year ago with the addition of a multi-disciplinary partner, MSI Global Alliance, an international association of both legal and accounting firms

6 Feb 2019

Accountancy Firms

Image for deloitte identifies discrepancies swiss mining company accounts

Finance | Deloitte identifies ‘discrepancies’ in Swiss mining company accounts

Ferrexpo, a Swiss headquartered iron ore company with assets in Ukraine, is to conduct a review of its accounts after auditor Deloitte identified ‘discrepancies’ in bank statements relating to contributions to a charitable foundation

6 Feb 2019

Financial Reporting

Law and Regulation

Accountancy Firms

Image for government appoints sme crown representative

Business | Government appoints SME Crown representative

A business lobby group is challenging the government’s newly appointed small business crown representative to get tough on late payments in the sector, as part of his remit to ensure government gets the best value and small businesses have improved access to government contracts

6 Feb 2019

Leadership & Management

Image for government outsourcer interserve rescue deal

Business | Government outsourcer Interserve in rescue deal

Embattled Interserve, a major outsourcing supplier to the government, is facing shareholder challenge as it attempts to put in place a rescue deal to handle its £600m of debt via a debt for equity swap with its lenders which would see other shareholdings very significantly diluted

6 Feb 2019

Accountancy Firms

Restructuring & Insolvency

Image for frc calls rewrite companies act improve audit

Finance | FRC calls for rewrite of Companies Act to improve audit

The head of the audit regulator, the Financial Reporting Council (FRC), is calling for a significant overhaul of the 2006 Companies Act as a way to reform the audit market, raise standards and restore public confidence in audit firms, which MPs described as 'tantalising'

6 Feb 2019

Corporate Governance

Accountancy Firms

Image for investors locked out ps110m cryptocurrency after exchange ceo dies

Business | Investors locked out of £110m in cryptocurrency after exchange CEO dies

Canada's largest cryptocurrency exchange is unable to access around $145m in cryptocurrency after its founder suddenly died, taking with him the only password for the digital account

5 Feb 2019

Accountancy Firms

AI & Technology

Image for hmrc simplifies customs procedures no deal brexit

Tax | HMRC simplifies customs procedures for no deal Brexit

HMRC has announced simplified procedures for businesses importing from the EU, as part of its no deal Brexit preparations in the event of the UK leaving without a withdrawal agreement on 29 March

5 Feb 2019

Law and Regulation

Image for self employed couriers offered employment deal

Business | Self employed couriers offered employment deal

Consumer delivery company Hermes has signed a deal with the GMB Union which means its self-employed couriers now have the option to take holiday pay and have guaranteed earnings, in a move to improve employment conditions for gig economy workers

4 Feb 2019

Accountancy Firms

Image for top football clubs reduce transfer spending ps250m

Business | Top football clubs reduce transfer spending by £250m

Premier League clubs spent £180m in the January 2019 transfer window, marking the first fall in spending for seven years and well short of the previous year’s record of £430m, but total spend for the season is the second-highest, according to analysis by Deloitte

4 Feb 2019

Accountancy Firms

Image for 80 cfos say uk worse after brexit

Business | 80% of CFOs say UK worse off after Brexit

More than three quarters of CFOs believe the UK will be worse off as a result of leaving the EU, according to research from Deloitte which identified a fall in capital expenditure and a focus on cost reduction going forward

4 Feb 2019

Accountancy Firms

Leadership & Management

Image for bdo completes its merger moore stephens

Business | BDO completes its merger with Moore Stephens

From today, BDO and Moore Stephens LLP have become one firm, operating under the BDO brand with a combined workforce of 5,000 people across 17 locations in the UK and delivering revenues of £590m

4 Feb 2019

Accountancy Firms

Image for baldwins acquires stockport firm aid nw expansion

Business | Baldwins acquires Stockport firm to aid NW expansion

Baldwins accountancy group, a member of CogitalGroup, has acquired a Stockport-based accountancy practice in a bid to strengthen its regional footprint in the north west

1 Feb 2019

Accountancy Firms

Image for asda loses court appeal case over equal pay

Business | Asda loses Court of Appeal case over equal pay

Asda shopworkers have won a landmark ruling in a long-running equal pay dispute covering thousands of workers, leaving the supermarket giant facing substantial payments of back pay

1 Feb 2019

Accountancy Firms

Leadership & Management

Image for businesses critical financial distress 25

Business | Businesses in ‘critical’ financial distress up by 25%

The number of businesses in ‘significant’ financial distress rose by 15,000 in the last quarter of 2018 and now stands at 481,000, while the proportion whose distress level is ‘critical’ was 25% higher than the same quarter of the previous year, according to data from Begbies Traynor

31 Jan 2019

Accountancy Firms

Restructuring & Insolvency

Image for consulting services drives rsm global revenues record 54bn

Business | Consulting services drives RSM global revenues to record $5.4bn

RSM’s global network has reported record global revenues of $5.37bn(£4.1bn) for 2018, up 5.4% on the previous year and marking five consecutive years of growth, driven in part by an increase in demand for consulting services

30 Jan 2019

Accountancy Firms

Image for company insolvencies 2018

Business | Company insolvencies up in 2018

While company insolvency rates dipped in the final quarter of last year, the total number of company insolvencies increased in 2018 to 16,090, the highest level since 2014, figures from the Insolvency Service show

30 Jan 2019

Restructuring & Insolvency

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