The Financial Conduct Authority (FCA) is consulting on reforms to the insurance sector, designed to enhance competition, with the proposals predicted to save motor and home insurance consumers £3.7bn over 10 years when they renew existing policies
To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis
In the wake of the pandemic, businesses have been given extensions for tax filing and company reporting, but there is still confusion between HMRC and Companies House deadlines. Crowe’s corporate tax partner Laurence Field calls for a more joined up approach
Companies are to be told to put plans for staff to return to work in offices on hold, as the government introduces stricter controls on social and work activity in a bid to contain any escalation in outbreaks of coronavirus
MHA MacIntyre Hudson (MHA) has been appointed as external auditor to FTSE 250-listed Petropavlovsk, the Russian gold mining company which had previously lined up PwC for the role only for the Big Four firm to decline
Companies House will be given greater powers to query, investigate and remove false information in the registration of company directors, in efforts to reduce the potential £137bn lost globally to financial crime, according to Transparency International UK
The Partnership for Carbon Accounting Financials (PCAF), an industry-led partnership to standardise carbon accounting for the financial sector, has launched a UK coalition to further promote measurement and disclosure of carbon emissions in the finance sector
In this week’s accountancy career moves, partners appointed at RSM and McGuireWoods, president named at the Personal Finance Society, and CFO appointments at Paysafe Group, Energy Assets Group
The National Audit Office (NAO) is calling on the Treasury to launch a coordinated effort to safeguard access to cash, as Covid-19 has accelerated the move to online transactions, and there is a risk that vulnerable people who rely on paying money will be excluded
PwC has committed to achieving net zero greenhouse gas (GHG) emissions across its global network within the next ten years, and will be taking action to support its suppliers and clients in tackling their impact on the climate
During the pandemic, firms were forced to work remotely, but how do you run a people business without human contact? Smith & Williamson’s Giles Murphy predicts the death of the office could be exaggerated
As coronavirus infection rates rise, the government has signalled it is considering a range of new restrictions to halt the progress of the pandemic, with a two-week return to national lockdown the most extreme
Overall numbers of company and individual insolvencies remained low in August 2020, largely as a result of the government measures put in place in response to the coronavirus pandemic, but look set to rise sharply as support schemes end
Deloitte has been fined a record £15m and severely reprimanded by the Financial Reporting Council (FRC) for ‘serious and serial failures’ in its auditing of software company Autonomy, including ‘numerous’ examples of misconduct and a lack of professional scepticism
