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The Financial Reporting Council's (FRC) Annual Review of Audit Quality revealed a disappointing performance from BDO and Forvis Mazars, whose audit results fell significantly below expectations. The results are based on a risk-based sample of the audits undertaken by 'Tier 1' audit firms, which

Following a strategic review of its economic analysis, data analysis, research and market monitoring functions, the Financial Reporting Council (FRC) has announced the reorganisation of its existing resources into two newly structured teams. This will enable delivery of better stakeholder outcomes a

FinTech Scotland’s Financial Regulation Innovation Lab (FRIL), a collaborative effort between FinTech Scotland, the University of Strathclyde and the University of Glasgow, has announced the conclusion of its first innovation call focussed on "Simplifying Compliance through the Application of

Capital Credit Union (CCU) has appointed Colin Thomson to the newly created position of head of growth marketing. This appointment comes during a period of record-breaking growth for the Edinburgh-based ethical financial services organisation, which has seen its lending exceed £25 million for

First Minister John Swinney has outlined his economic ambitions for Scotland during a speech at the Barclays Campus in Glasgow’s financial district. Mr Swinney said poor decision-making at UK level, typified by Brexit and immigration policy, means the Scottish Government must work even harder

In a move that could spark a potential investor backlash, adviser Glass Lewis has urged Abrdn's shareholders to vote against the asset manager's pay report, with the main focus being the salary of the incoming chief financial officer, Jason Windsor. Glass Lewis pointed out that Mr Windsor's base sal

Law firm CMS, Scottish Financial Enterprise (SFE), and pension experts Hymans Robertson, have joined forces to host an event exploring the growing focus on ESG within pensions policy. The seminar, taking place on 23 April in Edinburgh, will delve into how pension fund assets can be utilised for long

Dundee City Council has shown effective leadership, good financial management and engagement with communities as it seeks to tackle long-standing issues. Reporting on its performance and progress is clear, with a focus on continuous improvement.

PwC's global firms have reported a record revenue of $53.1 billion (around £43.5bn) in the financial year ending 30 June 2023, marking a 9.9% growth in local currency. This achievement comes despite the exclusion of the Russian firm from the network and the sale of the global mobility and immi

The British Business Bank (BBB) reported a £135 million post-tax loss in its latest financial year, predominantly due to a dip in tech company valuations. The bank experienced a £146m loss on its investment portfolio in the year to March, contrasted with a £619m gain in the precedi

As National Payroll Week takes place, payroll expert Charlotte Walker discusses the challenges and financial burdens faced by UK employers due to long-term sick leave and suggests potential reforms to the current Statutory Sick Pay (SSP) system to alleviate these issues. You could be forgiven for no

Shoosmiths has reported a record financial year in FY22-23, with a revenue increase of 7% to £194.1 million. Net profit increased by more than 3% year-on-year to £62.7m, and the firm sustained a strong PEP of £676,000 (marginally up on last year’s £675,000).

The Financial Conduct Authority (FCA) has urged banks to improve the savings rates they offer their customers at a faster pace.

Scottish football club, Arbroath FC, has made headlines following a significant surge in their financial fortunes, tripling their annual turnover to £1.88 million in 2022. Despite the hurdles imposed by the Covid-19 pandemic, the club's rise to second place in the championship helped boost the

With fewer than 90 days to go until the start of the Consumer Duty the Financial Conduct Authority (FCA) has urged firms to ensure they are ready for the 31 July deadline. In a speech Sheldon Mills, executive director of consumers and competition at the FCA, warned that firms who ignore the Duty or