Johnston Carmichael has been named Accountancy Firm of the Year at the Scottish Accountancy & Finance Awards 2014 for the sixth year in a row, organised by Business Insider and held in Glasgow earlier this week.

ICAEW has launched a guide to help eliminate errors and significantly reduce the time wasted on Excel spreadsheets by providing details of best practice

Bernard Madoff's former accountant Paul Konigsberg is expected to plead guilty to charges in connection with the £65bn Ponzi scheme, according to proceedings listed in a court in New York.

Simon Plant and Daniel Plant, directors of corporate recovery and business turnaround specialist SFP, have been appointed as joint administrators to Highlight Imports Ltd, which has collapsed after suffering a number of bad debts.

Former employees of Comet have won a multimillion pound payout after an employment tribunal ruled they had not been properly consulted about their redundancies following the collapse of the electrical retailer, in an administration handled by Deloitte.

The Financial Conduct Authority (FCA) has released a major revision of the rules on client money and custody assets in light of recent insolvencies. 

Simon Lilley has been appointed into the new role of director of sales and marketing at ACCA, which has announced a new growth strategy to 2020. He has 15years’ experience as a senior director in the aviation industry. Following five years at British Airways in a variety of commercial roles, Lilley moved to launch the Flybe airline brand as director of marketing and ancillary revenue.

Three quarters of entrepreneurs plan to recruit more staff this year, compared with less than a third of CEOs running large corporates, according to global research by EY.

Premier League football clubs’ revenue reached a record £2.5bn last year, driven by a 21% rise in commercial revenue, but wages are consuming an ever larger proportion of club earnings while the UK tax take from the sector hit £1.3bn, according to Deloitte.

ACCA has joined a partnership of professional bodies formed to promote a new approach to cash flow management by UK businesses, after research revealed a £75bn trade credit gap which could threaten the long-term survival of SMEs