A Financial Reporting Council (FRC) investigation has found that FTSE 250 builder Galliford Try overstated its assets by £94.3m, following errors in the way it recognised revenue on certain construction contracts
FTSE 100 healthcare provider NMC Health has warned it has uncovered ‘suspected fraudulent behaviour’ in relation to some of its previous financial activities and has notified regulators in the UK and UAE
AIM-listed Burford Capital is the first listed company to cite the current coronavirus epidemic as the reason for delaying publication of its annual results
National car dealership Lookers has postponed the publication of its 2019 results after identifying potentially fraudulent transactions in one of its operating divisions
Jeroen Van Doorsselaere examines the latest developments in IFRS reporting from first year IFRS 16 Lease accounting implementation to plans for a new measure to define operating result before depreciation and amortisation (ORBDA)
UK and US regulators have moved swiftly to indicate they are considering what actions to take against companies which fail to hit reporting deadlines because of difficulties related to the spread of coronavirus
The Charity Commission has released the 2020 charity annual return service to allow charities to start submitting annual accounts for 2019 year ends online
The furore over coronavirus is hitting businesses with unintended accounting consequences for post-balance sheet events, going concern and disclosures. Andrew Marshall FCA, senior technical partner at KPMG UK, examines the key risks
The International Ethics Standards Board for Accountants (IESBA) is to update the code of ethics in response to the pace and magnitude of change caused by disruptive technological innovations
In this month’s accounting updates, Deloitte fined £1.8m over Comet administration failures, FCA to investigate M&C Saatchi accounting errors, SORP charity accounting committee membership and Brexit transition guidance for accountants
The sale and delisting of IT cybersecurity giant Sophos was delayed momentarily earlier this week over a last minute glitch over a subsidiary’s cycle to work tax-free scheme
The Court of Appeal has rejected plans to build a third runway at Heathrow airport criticising the government’s failure to include costings on the climate change impact
FTSE 100 healthcare provider NMC Health has sacked its CEO and announced its CFO is on sick leave, after the company uncovered undisclosed loans to related parties amounting to $335m (£258m)
When partners are asked to leave their firm, frequently they will find little protection from their partnership agreements, even if they have been a high performer. Daniel Sutherland of law firm Fox Williams gives advice on how to challenge an expulsion decision
