Companies

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Image for directors disqualified ps250000 loan false pretences

Business | Directors disqualified for £250,000 loan on false pretences

Two directors of a recycling company based in Devon have been disqualified for 10 years and a third director for eight years for using misleading bank statements to obtain a £250,000 loan by false pretences, following an investigation by the Insolvency Service

18 Nov 2016

Restructuring & Insolvency

Called to Account

Image for private equity guide finance directors

Business | Private equity: a guide for finance directors

An injection of finance can spur a business onto new levels, it can also revive a flagging enterprise. Private equity is a popular method of boosting spending power, but it comes at the cost of control. So why do so many businesses give up controlling stakes in return for cash asks Phil Scott, managing director at FD Recruit

18 Nov 2016

Accountancy Firms

Leadership & Management

Image for centrica appoints deloitte auditor

| Centrica appoints Deloitte as auditor

Deloitte has picked up a second major energy audit client after its recent win at BP, and will be taking over at Centrica from PwC following the conclusion of a formal tender process, ending a 20-year relationship

17 Nov 2016

Accountancy Firms

Image for bank england given wider powers over buy let mortgages

Tax | Bank of England given wider powers over buy-to-let mortgages

The Treasury is to grant new powers to the Bank of England’s financial policy committee (FPC) designed to help it protect the financial system from future risks in the buy-to-let mortgage (BTL) market if interest rates rise

17 Nov 2016

Image for rolls royce reveals adopting ifrs 15 would have cost ps900m

Finance | Rolls-Royce reveals adopting IFRS 15 would have cost £900m

Rolls-Royce PLC shares have fallen by 3% following the company reporting that its profits for last year would have been £900m lower if it had adopted IFRS 15, the accounting standard on revenue recognition

16 Nov 2016

Accounting Standards

Accountancy Firms

Image for ftse 350 need enhance compliance governance code

Business | FTSE 350 need to enhance compliance with governance code

FTSE 350 companies are increasingly demonstrating greater compliance with the UK corporate governance code, but a third do not meet all requirements and reporting in areas such as succession planning and business culture still needs improvement, according to research by Grant Thornton

16 Nov 2016

Accountancy Firms

Image for london charity investigated over cash withdrawals

Finance | London charity investigated over cash withdrawals

The Charity Commission has opened a statutory inquiry into London-based charity Save the Needy Worldwide over concerns about poor financial management and a series of cash withdrawals which have not been accounted for and are currently subject to a police investigation

16 Nov 2016

Financial Reporting

Accountancy Firms

Image for business portal launched international trade post brexit

Business | Business portal launched for international trade post-Brexit

The Big Four’s consultancy arms plus the five major banks are backing a service launched by the Department for International Trade (DIT) to support UK business to break into overseas markets in the wake of the UK’s planned exit from the EU

15 Nov 2016

Accountancy Firms

AI & Technology

Image for deloitte wins bp audit

| Deloitte wins BP audit

BP has announced that Deloitte is to take over as the company’s auditor from EY, which has been the energy giant’s auditor for decades

15 Nov 2016

Accountancy Firms

Image for sec chair leaves after four years

Business | SEC chair leaves after four years

Mary Jo White, the current chair of the US Securities and Exchange Commission (SEC), has announced, she intends to leave at the end of the Obama administration, in January 2017, after nearly four years as the agency’s head

15 Nov 2016

Accountancy Firms

Leadership & Management

Image for deloitte investigate redcentric accounting errors

Finance | Deloitte to investigate Redcentric accounting errors

Deloitte is to carry out a forensic review of accounting activity at Redcentric, the IT managed services provider which announced earlier this month it had discovered ‘accounting misstatements’ which would require it to reduce net assets by at least £10m

15 Nov 2016

Financial Reporting

Accountancy Firms

Called to Account

Image for call prosecution student loan defaulters living abroad

Tax | Call for prosecution for student loan defaulters living abroad

The government is being urged to give stronger consideration to prosecuting borrowers who seek to avoid paying back student loans by moving abroad, with an independent think tank claiming the Treasury could recoup £22 for every £1 spent on collection

15 Nov 2016

Image for rothmans continues expansion isle wight opening

Business | Rothmans continues expansion with Isle of Wight opening

Southern based accountancy firm Rothmans has opened its first office on the Isle of Wight as well as changing the locations of its London and Portsmouth offices, as demand for its services grow

15 Nov 2016

Accountancy Firms

Leadership & Management

Image for chiene tait expands highlands presence inverness opening

Business | Chiene + Tait expands Highlands presence with Inverness opening

Edinburgh based accountancy firm Chiene + Tait has extended its presence in the Scottish Highlands with the opening of an Inverness office to support its client base of SMEs and individuals while it has outsourced its internal audit business

14 Nov 2016

Accountancy Firms

Leadership & Management

Image for frc says reporting under stewardship code improving

Finance | FRC says reporting under stewardship code improving

The Financial Reporting Council (FRC) says asset managers, asset owners and service providers are showing increased commitment to the stewardship code, based on its latest analysis of the quality of the statements published by signatories, with the assessment showing ‘much improved’ reporting and greater transparency

14 Nov 2016

Financial Reporting

Accountancy Firms

Image for mha macintyre hudson acquires investment management audit specialist

Business | MHA MacIntyre Hudson acquires investment management audit specialist

MHA MacIntyre Hudson has acquired KP Audit, a specialist provider of audit services to the investment management industry, including hedge funds, asset management firms and captive insurance companies, in a move which the top twenty firm its first overseas location

14 Nov 2016

Accountancy Firms

B&ADTV

Croner Intelligence versus Generative AI

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