Accountancy

Accountants and business advisors CT has promoted two of its colleagues to director level. Phil Pagan, from the firm’s Corporate Tax team, and Claire Proctor, CT’s Head of Payroll, will move into their new senior roles from April.

The accountancy regulator has issued what it describes as the world's first guidance on the use of artificial intelligence in auditing, making clear that firms cannot hold the technology responsible when things go wrong. Mark Babington, executive director of regulatory standards at the Financial Rep

EY has set aside nearly £200 million to cover regulatory fines and legal claims in the UK, the highest level ever disclosed by the firm, as it confronts a growing number of challenges to the quality of its audit work. According to its annual report filed at Companies House, EY increased its pr

ACCA (the Association of Chartered Certified Accountants) has pledged to work with the Financial Reporting Council (FRC) – the UK’s independent corporate governance and auditor regulator – to improve the audit market for smaller businesses.

More than two-thirds (72%) of accounting professionals fear that generative artificial intelligence (Gen AI) could produce errors or reach incorrect decisions, according to a year-long research study commissioned by the Institute of Chartered Accountants of Scotland (ICAS). The findings come from a

More than 770 newly qualified Chartered Accountants (CAs) have joined the profession at the Institute of Chartered Accountants of Scotland (ICAS) Admission Ceremony. The annual event, held this year in Edinburgh on Saturday 7 March, also marked a significant milestone for social mobility, as the ICA

Azets' Scottish operations are set to surpass the £50 million turnover milestone for the first time, forecasting a year-end revenue of £51m. This represents a roughly 30% increase in turnover over a two-year period, driven by a combination of organic growth and the strategic acquisition

Deloitte has revealed plans for the creation of a unified Europe, Middle East, and Africa (EMEA) firm following a successful partner vote. Scheduled to launch in June 2026, this regional powerhouse will consolidate 16 participating firms across more than 80 countries. While individual firms will mai

ICAS (the Institute of Chartered Accountants of Scotland) has launched a new professional designation in response to rising global demand for skilled accounting, finance and business talent. The Accounting and Business Professional (ABP) is only the third designation introduced in ICAS’ 172-ye

Armstrong Watson has expanded its offering with the launch of two specialist propositions – a financial reporting team and a fractional FD/CFO service. Together, these enhanced services provide clients with deeper technical reporting expertise and flexible, senior finance leadership.

A partner at KPMG Australia has been fined AU$10,000 (c. £5,200) after being caught using artificial intelligence to cheat on an internal training module – ironically, one focused on the professional use of AI. The firm’s monitoring systems detected the individual uploading course

A UK government decision to push back mandatory public filing of detailed profit and loss accounts for small companies beyond 2027 is being welcomed as a significant boost for Scotland’s SME sector by Henderson Loggie. With SMEs accounting for 98% of all Scottish businesses, the firm says the

Nearly 80% of Chartered Accountants do not have confidence in the health of the Scottish economy and are calling for government action to make Scotland a more attractive place to do business, a new survey from the Institute of Chartered Accountants of Scotland (ICAS) has revealed. In the first poll

In response to insights from over 900 finance leaders, ACCA has created the Technology in Finance certificate series – a four-part programme designed to give finance teams the practical, future-ready tools to thrive in a fast-evolving world. Technology is transforming finance, from data and AI

TC Group, a UK-wide accountancy and advisory firm, has expanded its Scottish presence by merging with the long-established MMG Chartered Accountants. Founded in Dundee in 1927, MMG brings a century of expertise and a network of seven locations across Scotland to the partnership. The deal follows TC