Practice & Industry

Insight / Firms must make difficult changes to attract ‘Gen Z’ professionals

Finance professionals say their organisations are failing to attract the youngest generation of recruits and need to adapt in a number of areas if they are to be successful in bringing in the latest generation of workers, according to research from Reed Finance

Accounting / Job opportunity: audit & accounting technical writer

Croner-i has an exciting opportunity for an audit & accounting technical writer to join a lively team based in our central London offices

Accounting / SFO sets cooperation bar on deferred prosecution agreements

The Serious Fraud Office (SFO), which has agreed a handful of high-profile deferred prosecution agreements (DPAs) with companies that have co-operated on investigations, has released details of guidelines for those looking to strike a plea deal

Tax / Post-Brexit trade policy will introduce UK freeports

The government is looking at setting up a string of freeports around the UK providing duty-free trade zones with tax and customs duty advantages

Insight / Rennie Welch builds up Scottish border presence

Scottish firm Rennie Welch has merged with Optimus Accounting Ltd, as part of a strategy to increase its geographical reach and widen its client base

Accounting / Companies House clarifies filing periods for confirmation statements

Companies House has updated guidance for company confirmation statements with more information about filing and payment periods

Insight / Facebook faces backlash over Libra cryptocurrency

A group of international regulators is calling on Facebook and the group of companies behind the launch of a new digital cryptocurrency, Libra, to provide more clarity about how it will handle data protection

Insight / Call to improve People with Significant Control register

The People with Significant Control (PSC) register at Companies House could be a more powerful tool for financial investigations with a few changes to how it collects and organises information, users have said

Insight / KPMG books administration for LateRooms

Tracey Pye, director, and David Costley-Wood, partner, from KPMG restructuring have been appointed joint administrators to LateRooms Ltd, Superbreak Mini-Holidays Ltd and Malvern Travel Technology Ltd, which have collapsed hitting holiday plans for around 42,000 customers

Insight / Big Four win London mayor’s Good Work Standard award

The accounting giants are among the first organisations to achieve a new benchmark for high employment standards, highlighting fair pay, wellbeing and diversity, despite concerns raised over bullying

Insight / CIMA drops exemption fees for accounting students

The Chartered Institute of Management Accountants (CIMA) is ending the practice of charging exemption fees for new students, who hold a relevant degree or qualification, to encourage accessibility and social mobility

Audit / KPMG slammed with £3.5m fine for BNY Mellon reporting failures

The Financial Reporting Council (FRC) has given Big Four auditor, KPMG a multimillion pound fine for misconduct over client asset reporting at BNY Mellon banking group dating back eight years

Tax / Treasury Committee chair Nicky Morgan steps down

Following the appointment of the former chair of the Treasury Committee, Nicky Morgan MP, as Secretary of State for Digital, Culture, Media and Sport, there will be an election after the summer recess for a new chair

Audit / Regulator hands out record £43m fines for bad audit

The Financial Reporting Council (FRC) has given leading audit firms a record £43m in fines for sub-standard audits marking a threefold increase in one year, while individual partners have been hammered with £1.6m in personal fines 

Audit / Code of Audit Practice will retain principles-based approach

The National Audit Office (NAO) has set out the framework for a revised Code of Audit Practice for public sector auditors with a sharper focus on value for money and clearer reporting, while retaining the current principles-based approach