Insight

Insight / Alstom UK subsidiary fined £16m over corruption charges

Alstom Network UK Ltd is to pay a total of £16.4m over corruption charges relating to a contract to supply trams in Tunisia, comprising £15m in fines and £1.4m in costs, following an investigation by the Serious Fraud Office (SFO)

Insight / 64% of investors think cryptocurrencies are unsafe

UK investors are favouring more traditional methods of investments such as shares and property in a time of political uncertainty 

Insight / Nasdaq cryptocurrency platform closes

DX.Exchange, an Israeli cryptocurrency trading platform which offered opportunities to buy Nasdaq-listed stocks using virtual ‘tokens’, has closed and is set to file for bankruptcy amid controversy about its founders

Insight / Katie Price declared bankrupt

The former model and TV star was declared bankrupt in a hearing at the High Court, which was told she had failed to repay her debts

Insight / Accountant sentenced for upskirting

A young accountant, caught filming up a female customer’s skirt at Top Shop’s Oxford Circus store, has received a suspended prison sentence

Accounting / Using AI to improve decision making in accounting

Artificial intelligence (AI) is not yet advanced enough to challenge judgmental accounting and auditing decisions made by humans, but it will not be long before the technology can do so. Pete Hirsch, chief technology officer at Blackline, examines the potential of AI

Insight / EY to cut back financial services team

EY has confirmed that up to 100 members of its financial services advisory business have been placed at risk of redundancy, as the firm seeks to reposition the team’s focus and spread technology expertise more widely

Insight / Hancock NHS pension plan could be 'tax avoidance'

The government has signed off on a change to pension tax rules for NHS high earners which ‘could constitute tax avoidance’

Insight / ACCA names Jenny Gu as president

ACCA has announced its new officer line-up at its annual general meeting, with Jenny Gu the first woman member from China elected as president

Insight / People in the news: RSM, MHA Moore and Smalley, BDO, Mazars

In this week’s accountancy career moves, senior hires and partner promotions at RSM, Progeny, MHA Moore and Smalley, BDO, Mazars

Insight / Regulator fines nursery over pension scheme failings

A court has ordered a pre-school nursery and its main director to pay £8,200 for failing to comply with their pension duties

Insight / Late payments costing UK SMEs £23.4bn

UK small to medium sized enterprises (SMEs) have seen debt due to late payments almost double in the past year

Tax / UK R&D spend hits £25bn annually

Businesses spent £25bn on research and development (R&D) in 2018, an increase of 5.8% on the previous year, new figures from the Office for National Statistics (ONS) show

Insight / RSM places interim managers at charities under inquiry

Karen Spears, director, and Steven Law, partner, of RSM Restructuring Advisory have been appointed as interim managers of two charities under investigation by the Charity Commission

Insight / Tips and advice: what's your next job move?

The job market may be unpredictable, primarily caused by Brexit, but there are good opportunities for accountants with specialist knowledge in systems accounting and financial reporting. Helen Firth and Anna Miah at Morgan McKinley, review the options
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