News

A survey of 11,000 people in 11 countries around the world by the Association of Chartered Certified Accountants (ACCA) has revealed their expectation that auditors should evolve to prevent company failures.

A blunder by HMRC bosses left almost a third of MSPs without status as Scottish taxpayers, it has emerged.  Jim Harra, the deputy chief executive of HMRC, said 45 of Holyrood’s 129 members had been issued with an incorrect code for 2019-20.

Manolete Partners, the UK-wide insolvency litigation financing company, has announced the appointment of Rachel Grant to lead its Scottish practice. Ms Grant's appointment is the latest development in Manolete’s rapid regional expansion strategy and further enhances its status as the UK&r

Independent restructuring and advisory firm FRP Advisory has announced the promotion of Callum Carmichael to partner. Based in the firm’s Edinburgh office, Mr Carmichael has over 20 years of corporate restructuring and recovery experience across a wide range of industry sectors. He j

The Institute of Chartered Accountants in England and Wales (ICAEW), which is opposing a major shake-up of the operations of the so-called ‘Big Four’ accountancy firms, has been the recipient of more than £50 million in fines levied on those firms as a result of their botched audit

Clydesdale Bank is to close its branches in Arbroath, Glasgow Shettleston, Largs, Brora and St Andrew’s as part of its latest cost-saving cuts.

In the first three months of the year saw the number of decrees against Scottish businesses drop by 25 per cent, compared to the same period of 2018, according to figures released today by Registry Trust. The total of 561 was the lowest of any quarter on record.

The Scottish Government should deliver on its basic income proposals by giving every adult an 'initial' £2,400 a year, a new report has urged.  And raising this to £4,800 over successive parliaments would completely eliminate destitution in Scotland, which affects around 52,875 hous

Cherwell Software a global service management tech firm has announced that 40 new jobs will be created at their facility in Dundee, following a £3.1 million research and development (R&D) grant from Scottish Enterprise.

An Aberdeen-based wedding planning business, Timeless White Wedding Planning, is on the path to significant growth in 2019 after being accepted to the Business Boost Scheme run by Business Gateway and Elevator. The scheme, which uses European funding to offer business advice and support, has enabled

A lack of new houses coming on to the market, presenting buyers with limited choice, is a key factor in dropping activity for the Scottish housing market, with headline indicators on demand, supply still downbeat, the April 2019 RICS UK Residential Survey has revealed.

The Reserve Bank of Australia (RBA) has admitted 46 million of the most widely circulated banknotes in the country contain a typo. The embarrassing oversight was spotted on notes which came into circulation in October.

The Financial Reporting Council (FRC) has fined KPMG £5m and "severely reprimanded" the firm and its audit partner Andrew Walker, following their admission of misconduct in relation to the audit of The Co-operative Bank in 2009. The FRC said KPMG's bad auditing came in the

Royal Bank of Scotland is to launch a new initiative supporting female entrepreneurs across Scotland.

Controversial plans to cut the amount of tax paid by passengers flying from Scottish airports have been scrapped by First Minster Nicola Sturgeon in favour of tackling climate change but putting her on a collision course with Scotland’s business leaders.