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Nic Storonsky, chief executive of Revolut, has refuted rumours that the fintech is facing financial difficulties in the wake of the coronavirus outbreak. As worries spread over the impact of COVID-19 on stock markets, banks and businesses, Revolut has reassured customers that rumours of its demise a

The Financial Conduct Authority (FCA) has written to companies that it was aware were intending to publish preliminary financial statements in the next few days, urging them to delay their planned publications.

The Financial Conduct Authority (FCA) has published its Suspicious Transaction and Order Reports (STORs) for the year ending December 2019 showing the first decrease in the total number of reports since 2016. The FCA said that there may be several reasons for the decrease, including the fact that th

Healthcare tech company Craneware has appointed David Kemp, the chief financial officer of Aberdeen oil services company Wood Group, to its board. Mr Kemp has been appointed to the board as an independent non-executive director and will join on March 1st this year.

The Financial Reporting Council (FRC) and Department for Business, Energy and Industrial Strategy (BEIS) have published joint letters for accountants and auditors with information regarding auditing, accounting and corporate reporting standards during the transition period following the UK’s e

The Financial Reporting Council (FRC) has today launched a consultation on revised auditing standard for identifying and assessing risks of material misstatement.  The FRC’s changes reflect revisions made by the International Auditing and Assurance Standards Board (IAASB) and are designed

The Scottish Government has announced that loans have been offered to hill and upland farmers and crofters to provide them with financial support and certainty in the New Year. Under the national Less Favoured Areas Support Loan Scheme (LFASS) 2019, eligible farmers and crofters will be offered up t

The Financial Conduct Authority (FCA) has today published a consultation on how to apply the Senior Managers Regime (SMR) to benchmark administrators. The SMR sets important standards for governance and accountability and will apply to almost all FCA-regulated firms from December 2019.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of Scottish Boatowners Mutual Insurance Association (SBMIA) £78,318 and £76,180 respectively. The regulators found that between February

The Financial Conduct Authority's (FCA) new rules in the Buy Now Pay Later (BNPL) industry came into force yesterday. The FCA believes that the new rules will save customers between £40-60 million a year in interest payments.

The Financial Reporting Council (FRC) has published its year-end advice to audit committee chairs and finance directors. In an end-of-year letter to audit committee chairs and finance directors, chief executive Sir Jon Thompson is reminding them to consider the FRC’s view on key matt

The Financial Conduct Authority (FCA) is seeking compensation orders in favour of investors in respect of losses they have suffered in the First Park Limited's Park First scheme as it begins its proceedings against the company. The FCA has started the proceeding against the company's senior managers

The Financial Conduct Authority (FCA) has said that an estimated six million insurance customers pay high prices and are not getting a good deal. The watchdog made the statement following the publication of an interim report into the pricing of home and motor insurance.

The Financial Reporting Council (FRC) has strengthened its Going Concern audit standard. The FRC revised its Going Concern standard in response to recent enforcement cases and well-publicised corporate failures where the auditor’s report failed to highlight concerns about the prospects of enti

Armstrong Watson Accountants, Business & Financial Advisers has taken on a record number of new starters, with the appointment of 11 chartered accountancy trainees and 20 trainees studying AAT/ATT across five of the firm's offices in Glasgow, Carlisle, Northallerton, Skipton and Leeds. The 31 bu