Companies

Business | Inflation unchanged at 6.7%

The latest inflation rate remained flat at 6.7% in September as the impact of higher fuel prices was balanced out by falls in food prices

18 Oct 2023

Accountancy Firms

Image for third smes positive about business growth

Business | Third of SMEs positive about business growth

Nearly one in five larger SME owners are considering selling their businesses as they prioritise succession planning, while a third have grown in the last year

16 Oct 2023

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Business | People in the news: Azets, BDO, DSW, Haines Watts

In this week’s accountancy career moves, partner promotions and hires at Azets, BDO, Dow Schofield Watts, Haines Watts, Armstrong Watson, RSM, Shaw Gibbs, Interpath Advisory, Leonard Curtis

13 Oct 2023

Image for taxi driver inflated turnover ps300k covid loan

Business | Taxi driver inflated turnover to £300k for covid loan

The director of a taxi business from Chesham exaggerated turnover by fivefold to secure a £50,000 bounce back loan and then spent the money on himself

9 Oct 2023

Called to Account

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Business | How can accountants adapt to the era of AI in accounting?

Artificial intelligence will not do away with the need for accountants, but will it lead to a bold redefinition of their roles, argues Kyle Wilkinson, strategic industry advisor at Workday

6 Oct 2023

Image for carillion ceo banned over ps200m misstatement accounts

Business | Carillion CEO banned over £200m misstatement of accounts

Richard Howson, who was chief executive officer of collapsed outsourcer Carillion for six years until July 2017, has been disqualified as a director for eight years for his role in the accounting scandal

5 Oct 2023

Called to Account

Image for gift seller faked turnover claim ps50k covid loan

Business | Gift seller faked turnover to claim £50k covid loan

The director of a gift business has been banned from acting as a director after exaggerating turnover to fraudulently claim a covid bounce back loan

3 Oct 2023

Called to Account

Business | ICAEW requires 40 hours of CPD

Accountants will need to change their learning from November when ICAEW introduces mandatory CPD of up to 40 hours a year and compulsory ethics training

3 Oct 2023

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Business | Football fan cheated charity out of £200k

A 24-year-old man has been jailed for over two years after defrauding the Football Foundation charity of £200,000, which he used to go to the World Cup in Qatar and buy luxury goods

29 Sep 2023

Business | Media director banned for £50k bounce back fraud

A director of a media and advertising company has been banned from being a director after faking the company’s financial position to fraudulently claim the maximum amount in bounce back loans

29 Sep 2023

Business | Retired solicitor jailed for £2m client fraud

A Norfolk solicitor has been sentenced to four years’ imprisonment for committing fraud by misusing clients’ funds at the law firm where he was a partner

28 Sep 2023

Business | RSM hires record 700 plus trainees

Mid tier firm RSM has taken on a record number of trainees and students this year as the firm continues to invest in its long-term growth plans

28 Sep 2023

Business | EY refunds Santander £15m for poor service

Big Four firm EY has reportedly repaid Santander UK a total of £15m after the bank branded its performance as poor when trying to resolve anti money laundering compliance issues

27 Sep 2023

Auditing

Accountancy Firms

Image for grant thornton flags ps13m fraud risk victoria carpets accounts

Business | Grant Thornton flags £1.3m fraud risk in Victoria Carpets accounts

Victoria Carpets has ‘potential irregularities’ in its accounts after auditor Grant Thornton raised concerns over possible fraud at one of the group’s subsidiaries

27 Sep 2023

Auditing