Dame Lin Homer, who left her position as head of HMRC a year ago, is to join the ICAS council as a public interest member for a four-year term, the Scottish institute has announced

The head of the audit practice at KPMG’s US firm, along with four other partners and one employee, have been asked to leave after it was discovered they had received improper advanced warning of regulatory inspections by the Public Company Accounting Oversight Board (PCAOB)

While 73% of businesses believe their boards consider the views of their stakeholders, 11% disagree claiming that stakeholder views are only taken into account on a small range of decisions, mainly those that are high profile, according to a poll from ICSA: the Government Institute

From April 2017, interest rates for plan two student loans will be charged based on income with HMRC stating that public authorities are not required to deduct student loan repayments despite IR35 reform to contractors in the public sector

Tesco has confirmed that its subsidiary, Tesco Stores Ltd, has entered into a deferred prosecution agreement (DPA) with the Serious Fraud Office (SFO), under which it will pay a £129m fine, marking the conclusion of the regulator’s investigation into accounting irregularities at the grocery retailer

Foreign exchange volatility is one of the most worrying factors in the run-up to Brexit. Armaghan Haq of Lloyds Banking Group examines the implications of a volatile sterling and possible remedial action under IAS 21 accounting requirements

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are investigating Barclays over claims that its CEO Jes Staley attempted to find out the name of a whistleblower who sent anonymous letters regarding the appointment of a former colleague of his to a senior position at the bank

Peter Saville, Ryan Grant and Catherine Williamson of AlixPartners have been appointed joint administrators to the upmarket fashion chain Jaeger, which has failed to find a buyer after an extensive search and has now collapsed, putting 680 jobs at risk

Most of Companies House’s online services will not be available over the Easter holiday period due to planned maintenance

FTSE 100 global infrastructure software business Micro Focus International is to replace current external auditor PwC with KPMG for the year ending 30 April 2017, ending a contract worth $6.2m (£4.9m) after 12-years

In the first of a series on EU Directives affecting the accounting and tax profession, both in statute and at the debate stage, Stefan Petrovski of Paris-based accounting firm, Primexis, analyses the significant changes that derive from recent EU directives in the accounting and finance field, starting with the Anti-Tax Avoidance Directive (ATAD) 

Kreston Reeves has acquired London-based accountancy firm, Munslows to continue the firm’s expansion and further grow its London presence, from 1 June 2017