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The chief executive of the Financial Reporting Council (FRC), the UK's accountancy regulator, has promised to speed up investigations into audit failures.  Richard Moriarty told the Sunday Times that the FRC needed to take disciplinary action against auditors more swiftly. He emphasised the imp

Scottish councils are grappling with a significant financial squeeze as mounting pressures from inflation, rising costs, and escalating demand for services outstrip additional investment from the Scottish Government, according to Audit Scotland. In 2025/26 councils received over £15 billion in

The Financial Reporting Council (FRC) has identified "extremely serious" failings in EY auditing of NMC Health, a London High Court heard on Monday. These findings were disclosed during a trial where the collapsed hospital operator’s administrators are suing the Big Four firm for approximately

Fife-based bagpipe manufacturer RT Shepherd & Son has entered liquidation due to financial difficulties, with its assets being acquired by another local business, Broadleys Bagpipes & Reeds. Founded in the 1970s by the renowned Robert “Bob” Shepherd, the Cardenden-headquartered c

Major UK auditing firms, including the Big Four, are requesting clearer guidance from the Financial Reporting Council (FRC) due to the economic uncertainty stemming from US President Donald Trump's fluctuating tariff regime.

Susan Nightingale discusses the positive trends in financial investment and support for smaller businesses in Scotland, highlighting their resilience and vital contribution to the nation's economy. Smaller businesses are the lifeblood of Scotland’s economy. Firms employing fewer than 50 employ

Evelyn Partners has appointed David Little as partner in financial planning at its Glasgow office. Mr Little joins the UK wealth management firm, which also maintains a presence in Edinburgh and Aberdeen, from 7IM Private Client. He served there for over three years, most recently holding the positi

An $8.8 billion plan has been revealed to establish the Maldives as the premier global business and financial hub for financial institutions, fintech pioneers, and digital Nomads through an integrated, mixed-use urban district.

Aberdeenshire catering firm Entier has reported a record turnover of £82.5 million for the financial year ending 30 September 2024, up from £76.8m the previous year. Pre-tax profits also increased, rising from £2m to £2.8m.

Scottish businesses are raising prices and hiring fewer staff in response to growing financial pressures as a result of the increase in employer National Insurance Contributions (NICs), according to the Fraser of Allander Institute at the University of Strathclyde. The latest edition of its quarterl

Scotland experienced a reduction in both personal and corporate insolvencies during the final quarter of the 2024-25 financial year (January to March 2025), according to the latest official statistics from Accountant in Bankruptcy (AiB). Personal insolvencies, which include bankruptcies and protecte

Edinburgh's Smart Data Foundry has launched the Economic Wellbeing Explorer, a platform offering unprecedented insight into financial hardship across Scotland. Using near real-time data from 5.3 million bank accounts, the Explorer tracks economic resilience and wellbeing at national, regional, and l

Fife-based employee-owned Scott and Fyfe has reported another year of robust financial results, demonstrating resilience despite ongoing geopolitical tensions and increased operational costs. The textiles specialist, established in 1864, designs and manufactures advanced technical textiles for indus

The UK has collected only 3% of the financial penalties issued to offshore companies failing to comply with transparency laws designed to reveal the true owners of UK property. Figures from Companies House reveal that since January 2023, just 14 out of 444 fines levied against non-compliant firms ha

Lloyds Banking Group’s Scottish Executive Committee chair Jackie Leiper explores how financial institutions can help bridge Scotland’s affordable housing gap and why unlocking private capital and accelerating cross-sector partnerships is critical to solving the crisis and driving long-te