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Finance | Expert witnesses: what you need to know

Being an expert witness requires expertise and judgment whether in a complex financial accounting case or a contract dispute. Dr Chris Pamplin of the UK Register of Expert Witnesses considers the role of the expert witness, focusing on the key attributes of an expert witness from specialist knowledge to a deep understanding of technical terms and issues

2 Nov 2017

Financial Reporting

Corporate Governance

Accountancy Firms

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Finance | Guidance for government bodies on sustainability reporting

The Treasury has published guidance on sustainability reporting in the public sector, outlining minimum requirements, some best practice guidance, and the underlying principles to be adopted in preparing the information

1 Nov 2017

Accounting Standards

Financial Reporting

Accountancy Firms

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Business | PSCs fuelling growth in companies in ‘significant’ financial distress

Nearly half a million businesses across the UK are in a state of 'significant' financial distress, 27% more than at the same point last year, according to research by Begbies Traynor which also suggests larger numbers of personal service companies (PSCs) are getting into difficulties

1 Nov 2017

Accountancy Firms

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Business | FRC publishes conflicts of interest for senior team

The Financial Reporting Council (FRC) has published a register of interests for its senior team for the first time, which reveals that chief executive Stephen Haddrill is married to a civil servant responsible for relationship management with the regulator, while several FRC directors have pension entitlements from employment with Big Four firms

1 Nov 2017

Accountancy Firms

Leadership & Management

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Business | Development updates: November 2017

Professional development news roundup including, Baldwins swoops on Campbell Dallas, profits up at Moore Stephens, ICAEW loses reserved legal services bid, co-op group could not use early conciliation certificate

1 Nov 2017

Accountancy Firms

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Finance | FTSE 100 Auditors Survey 2017

Despite a surge in audit tenders, the FTSE 100 audit market, valued at over £600m, remains the domain of the Big Four auditors. Philip Smith considers the impact on fee levels, the non audit services (NAS) cap and the competition among the biggest audit firms with PwC potentially losing £100m in audit fee income over the next year

1 Nov 2017

Corporate Governance

Accountancy Firms

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Finance | FTSE 100 Auditors Survey 2017 shows rotation impact as EY increases market share

According to Accountancy’s FTSE 100 2017 auditor survey, there is still only one company in the FTSE 100 that is audited by a firm outside the Big Four of Deloitte, EY, KPMG and PwC

1 Nov 2017

Corporate Governance

Accountancy Firms

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Business | RSM administrators to collapsed building supplies firm

Diana Frangou and Guy Mander, partners at RSM Restructuring Advisory have been appointed joint administrators of Shropshire company J.C. Evans Building & Landscaping Supplies Ltd, which has collapsed with the loss of all jobs

31 Oct 2017

Restructuring & Insolvency

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Business | Corporate and individual insolvency levels rising

Levels of corporate insolvency are starting to inch up, while personal insolvency levels are also rising, with the number of individual voluntary arrangements (IVA) signed in the past three months at their highest level since the option was first introduced 30 years ago

31 Oct 2017

Restructuring & Insolvency

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Finance | ESMA updates advice on alternative performance measures guidelines

The European Securities and Markets Authority (ESMA) has updated its questions and answers document covering the implementation of its guidelines on alternative performance measures, in a bid to promote common supervisory approaches and practices

31 Oct 2017

Financial Reporting

Accountancy Firms

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Finance | ESMA lists priority areas for financial statement assessment

The European Securities and Markets Authority (ESMA) will be focusing on disclosures under IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers as a key part of their priorities in assessing listed companies’ 2017 financial statements

30 Oct 2017

Accounting Standards

Financial Reporting

Accountancy Firms

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Business | EY posts 9.2% hike in fee income at £2.35bn

EY’s UK fee income rose by 9.2% to £2.35bn for the year ending 30 June 2017, up from £2.15bn in the previous year, driven in part by strong growth in its financial services work and Brexit-related activities, and significant investment in digital technologies

30 Oct 2017

Accountancy Firms

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Tax | HMRC warns of potential £450m Brexit funding need

HMRC has been allocated £78m from the Treasury this year to fund work around leaving the EU, while the need to design and implement significant upgrades to the customs declaration system may mean other projects have to go on hold, MPs have been told

27 Oct 2017

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Business | Finance professionals sacrifice pay for perks

Accountants, finance directors and CFOs are increasingly sacrificing pay for better job perks, such as a company car, additional holiday and a competitive pension, according to research by recruitment specialists Reed

27 Oct 2017

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Business | Falsified cash takings ring up ban for restaurant bosses

The directors of a restaurant in Kent have been disqualified for a combined total of ten and a half years after an Insolvency Service investigation found they owed HMRC more than £400,000 and had failed to declare cash takings

27 Oct 2017

Restructuring & Insolvency

Called to Account

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Business | Majority back ban on unpaid work experience ahead of Bill debate

The Unpaid Work Experience (Prohibition) Bill is to get its second reading in the House of Lords today after its proposal to ban unpaid work experience exceeding four weeks received support from 72% of the public, according to a poll

27 Oct 2017

Accountancy Firms

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