Leadership & management

Accounting / Tips: how to avoid common mistakes undermining profitability

When a business makes a profit it is not necessarily as rosy at year end as first thought. Jonathan Amponsah CTA FCCA of The Tax Guys shares some of the biggest mistakes facing owner managed businesses and looks at what can be done to avoid potential pitfalls from misjudging price rises to low margins and a lack of cashflow

Insight / Big data needs an ethical framework, says ICAEW

There is an urgent need for an ethical framework for the use of big data or there is a risk of undermining the social purpose of financial services according to ICAEW

Insight / MHA network rebrands firms under single UK identity

MHA, the network of regional accountancy firms and UK member of Baker Tilly International, have rebranded the nine UK member firms under the MHA label

Audit / BDO may hive off audit practice to ensure profitability

Mid-tier firm BDO has confirmed that it is considering various options to hive off the audit practice from the rest of its accounting, tax and business advisory activities to ensure profitability and remove potential conflict, reports Sara White

Insight / Saffery Champness acquires GT Ireland’s media practice

Top 20 accountancy firm Saffery Champness has opened its first office in Dublin with the acquisition of Grant Thornton Ireland’s media and entertainment practice

Insight / Taylorcocks rebrands as TC Group

Accountancy firm Taylorcocks has rebranded as TC Group in a bid to modernise the group's image and has set up three specialist departments covering financial planning, legal and HR support

Insight / Joint managing partners take helm at BHP

Joint managing partners have taken up the reins at BHP, the largest independent firm of accountants in Yorkshire and North Derbyshire

Insight / Alex Bottom to head up Hillier Hopkins

Top 50 chartered accountant and tax adviser firm Hillier Hopkins has appointed Alex Bottom as managing principal effective immediately, replacing Grant Franklin who is stepping down after eight years

Audit / UK regulator to review KPMG’s audit practice

KPMG is facing further scrutiny by the Financial Reporting Council (FRC), which is to carry out an assessment of the governance, controls and culture within KPMG’s audit practice, in the wake of its ongoing investigation of the firm’s auditing of collapsed auditor Carillion and the ‘unacceptable’ deterioration in quality highlighted in its annual quality review

Accounting / How finance teams can Marie Kondo their work

Debbie Green, vice president of ERP at Oracle, discusses how finance teams can declutter, improve their productivity and feel more joy using the KonMari approach

Insight / NAO critical of DWP’s failure to improve disabled employment rates

The Department for Work and Pensions (DWP) spent £386m on employment support programmes and Job Centre-based support for disabled people in 2017-18, but has only limited evidence of the effectiveness of this funding

Insight / Call to end ‘eyewatering’ executive pay packages

MPs want an end to ‘eyewatering’ remuneration packages for top bosses and are calling for companies to do more to link executives’ pay to that of the rest of their workforce, in the wake of ‘shaming’ decisions such as those at Persimmon, Royal Mail and Unilever

Insight / Artificial intelligence: the pros and cons of AI for accountants

Artificial intelligence (AI) can reduce the volume of transactional work and improve productivity through the use intelligent accounts payable management systems but it cannot replace humans. Alan Rajah, partner at Lawrence Grant Chartered Accountants, examines the use of AI in accounting and finance teams

Accounting / Beyond the red flags – the alternative fraud triangle

The level of fraud in businesses is growing exponentially but the only way to get to grips with the scale of the problem is to drill down to the fundamental reasons why it happens and risk factors for finance departments, says Arun Chauhan, founder and managing director of Tenet Compliance & Litigation

Insight / ICAEW set to launch pay-per-view system for guidance

ICAEW plans to open up some of the professional content currently available exclusively to faculty members with a new pay-per-view system, which will allow all members to buy one-off guidance without joining a faculty