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Scotmid Co-op has posted strong full-year results with trading profits reaching £5.6 million compared to £5.3m last year. The announcement arrives amid the economic uncertainty of the coronavirus pandemic and in Scotmid’s 160th anniversary year.

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Tools for flagging signs of poor quality audits should be used more effectively so timely corrective action can be taken, according to a major review of their use by the Financial Reporting Council (FRC). The FRC’s study looked at the most useful indicators of both poor and good audit quality

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