The NHS in Scotland is ‘not financially sustainable’ and immediate action is needed to create long-term fundamental change in how healthcare is delivered as current progress is too slow, according to a highly critical report by Audit Scotland

Exxon Mobil is facing a US lawsuit over claims the oil giant ‘systematically and repeatedly’ defrauded investors about the financial risks the company faces from climate change regulations, by failing to reflect its agreed approach to accounting for the impact in its reporting

The National Audit Office (NAO) is warning that ongoing political uncertainty around Brexit and delays in negotiations has hampered planning for how the UK will manage its borders once it leaves the EU

Identifying, understanding and managing potential risks is a key responsibility of charity trustees and should be integral to business planning, says Fiona Condron, partner at BDO

The number of millennial directors of SMEs in the UK has increased by more than a third in a year, with ‘generation start-up’ helped by lower costs of entry including the rise of shared workspace and cloud computing, research from Moore Stephens shows

Some 87% of the assets managed by the world’s largest public pension funds have yet to undergo formal climate risk assessment, leaving $9.8 trillion (£7.5 trillion) unprotected from the economic shocks of global warming, according to analysis by the Asset Owners Disclosure Project (AODP)

The Treasury and HMRC are to plough £8m into a package of measures to support the customs intermediaries sector in preparing for potential capacity challenges with staff training and automation in the event of a ‘no deal’ Brexit next year

Blair Nimmo, partner, and Alistair McAlinden, director at KPMG, have been appointed as joint administrators of First Furnishings Ltd (FFL) which has ceased trading with the loss of more than 50 jobs following financial difficulties

ICAEW is facing a ‘highly unusual’ potential £2m deficit in its budget as a result of the costs of updating its headquarters and a boom in student numbers, the professional body has disclosed

The National Housing Federation has updated the Housing SORP following recent amendments to financial reporting standards under FRS 102

The Financial Conduct Authority (FCA) has confirmed plans to extend access to the Financial Ombudsman Service (FOS) to more SMEs, which would see around 210,000 additional UK SMEs eligible to complain to the ombudsman

Eight out of ten firms say Brexit has had a negative effect on investment decisions, up from 36% a year ago, according to updated research from the CBI which shows that companies are implementing plans to reduce the potential impact