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The Financial Reporting Council (FRC) has today announced the four largest audit firms (Deloitte, EY, KPMG, PwC), have concluded the transition period of operational separation. Throughout the three-year transitional period, all four firms have made significant improvements to their governance to pr

Nucleus Financial has offered to acquire Curtis Banks Group for a sum of £242 million. The transaction will bring together the Nucleus Group, a firm with offices in Edinburgh, Glasgow and Salisbury, and the Curtis Banks Group to create a leading retirement-focused adviser platform with approxi

The Financial Conduct Authority (FCA) has set out an ambitious vision for potential reform to the way companies list in the UK that aims to attract more high quality, growth companies and give investors greater opportunities. In a new paper, the FCA is continuing its discussion on how it can make th

Brewin Dolphin has expanded its Glasgow team with 14 appointments and promotions across its financial planning and investment divisions this year. Craig Thomas joins the wealth manager’s financial planning team as a paraplanner, after holding positions at IBC Wealth and Scottish Widows.

The Financial Reporting Council (FRC) has issued revised quality management standards for an audit firm’s responsibilities to design, implement and operate a system of quality management. The standards are as follows:

The Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England are seeking views on regulatory plans to improve diversity and inclusion in financial services. In a discussion paper, the regulators have set out policy options including, among others, the use of targe

Scottish small and medium-sized enterprises (SMEs) are due to face substantial financial difficulties in the current coronavirus crisis, as they struggle to secure bank loans.

Altus Strategies, an Africa-focused project and royalty generator in the mining sector, has announced the appointment of Martin Keylock as chief financial officer and company secretary. Mr Keylock, a chartered accountant and graduate of the University of Glasgow and Aston University, joined the comp

MPs investigating the collapse of Carillion have accused the company’s Board of being “focused on their own pay packets” at the expense of its perilous financial situation as it emerged that the firm had set out “highly restricted circumstances” in which bonuses could be clawed back from

The Association of Investment Companies (AIC) has called on the Financial Conduct Authority (FCA) to reform its listing rules "exposed" by activist investor Saba Capital. The AIC proposed that when a substantial shareholder seeks to take control of the management contract of an investment trust, thi

The Financial Conduct Authority (FCA) has declared an encouraging start to its five-year strategy to protect consumers while supporting growth.

The Financial Reporting Council (FRC) has launched an investigation into PwC's audit of WHSmith, after the accountancy firm signed off accounts later found to have overstated the retailer's revenues and profits. The probe relates to the FTSE 250 retailer's accounts for the financial year ending 2024

Investment firms could save around £20m a year under new proposals from the Financial Conduct Authority (FCA) to simplify climate reporting for investment products.  The FCA estimates it could deliver these savings by replacing detailed product-level reports based on the Task Force on Cli

ACCA has urged the Financial Reporting Council (FRC) to adopt the International Standard on Auditing for Less Complex Entities (ISA for LCE), while pressing for a formal consultation before any move is made.

The financial services watchdog will hold its annual public meeting in Edinburgh for the first time as it seeks to raise its profile in Scotland.