Insight / Johnston Carmichael expands with Dundee opening

Johnston Carmichael, Scotland’s largest independent accountancy firm, has opened a Dundee office as part of a strategic expansion of its operations

Accounting / Deloitte acquisitions expand specialist IP and HR services

Big Four firm Deloitte has strengthened its specialist services with the acquisition of ClearViewIP, a global intellectual property (IP) consulting and transaction advisory business, as well as the UK-based HR and reward specialist Stitch Communications

Audit / PwC plans audit overhaul to stave off break-up threat

In a bid to stave off demands for the break-up of Big Four audit firms, PwC plans to spend £30m a year on a significant transformation of its audit business, with a raft of measures designed to address growing concerns from regulators, but the firm will not hive off its audit business

Insight / KPMG partner takes leave of absence over bullying allegations

The partner at the centre of accusations of alleged bullying against team members at KPMG has stepped down as investigations continue at the Big Four firm

Insight / People in the news: Kreston Reeves, HW Fisher, Wilkins Kennedy

In this week’s accountancy career moves, partner promotions at Kreston Reeves as long-serving chairman retires, Johnston Carmichael and HW Fisher, CFO for Crunch, and PKF Francis Clark hires SDLT tax specialist

Insight / Getting ahead in commerce and industry finance jobs

Commerce and industry accounting professionals are considering their next moves carefully, sacrificing salary for progression, while demand for interim professionals continues. Helen Firth, C&I manager at Morgan McKinley analyses the latest recruitment trends

Tax / One in three tax advisers unregulated by professional bodies

While the majority of businesses use a tax agent to help deal with tax compliance, a third of these agents are unregulated and operate outside the self regulated tax services market, while they are not members of professional bodies which comply with accepted professional codes of conduct

Audit / Head of AQI inspections replaced by PRA's David Rule

The Financial Reporting Council (FRC) has confirmed that Mike Suffield, acting executive director of audit and actuarial regulation is to step down after a year in post, with a central banking regulator seconded to head up audit firm monitoring and supervision

Insight / Implications of SFO reforms to privileged material

The Serious Fraud Office is working on clarifying the rules on reporting fraud and corruption in an effort to encourage more companies to come forward when they unearth wrongdoing. Alistair Graham, partner, and Paul Whitfield-Jones, senior associate, of Mayer Brown International LLP, consider the legal implications over privileged material

Insight / People in the news: Kingston Smith, Johnston Carmichael, Kreston Reeves

In this week’s accountancy career moves, partner promotions and hires at Kingston Smith and FRP Advisory, hires at Kreston Reeves, Gabelle and Ascendis, and board appointments at UKGI and ESMA

Audit / FRC overhaul sees plan to hire 80 staff as budget increases

The Financial Reporting Council (FRC) is to increase its budget significantly in 2019/20 to £37.8m and plans to hire additional staff to improve its oversight and monitoring of audit firms, and support its transition to a new regulatory body

Insight / Big Four dominate cyber security job space

KPMG and PwC are the UK's biggest recruiters of cyber security experts, with EY and Deloitte close behind, making the Big Four the country’s top four cyber employers

Tax / Employment law: 10 things you need to know

Patrick Day, associate director at Portfolio Payroll, explains the key legislative changes for employers and employees, highlighting compliance issues from the requirement for payslips for all workers to use of non-disclosure agreements and the increase in auto enrolment pension contributions

Tax / UK most expensive country to send expatriates

The UK has overtaken Japan as the most expensive location to send expatriates, despite salaries remaining static, because of increases in tax and essential costs, including housing

Insight / Millennial workers show limited loyalty to employers

Economic and political pessimism among 17-36 year-olds is widespread, and businesses need to do more to keep the younger generation engaged with the workplace as only half plan to stay with employers for maximum two years, Deloitte research has found