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Sir Jon Thompson, the chief executive of the Financial Reporting Council (FRC) has called the overhaul of the UK's audit regime a "missed opportunity" to improve internal controls in a proportionate UK-specific manner. Yesterday, the UK Government said that its revamp of the UK's corporate reporting

Savills has been instructed to bring Livingston’s Almondvale West Retail Park to the market at a guide price in excess of £19.125 million, reflecting a net initial yield of 7.75%.

An appeal by a Scottish landfill operator against a decision of the First-tier Tribunal that material used in the construction of landfill cell walls should be taxed at the standard rate has been partially successful. Barr Environmental Ltd raised the action in the FtT challenging Revenue Scotland&r

Two Scottish law firms Drummond Miller and Peacock Johnston have merged. The 11-strong Peacock Johnston team – six lawyers and five other staff – will join the Glasgow office of Drummond Miller, which has 14 partners and 100 other employees across five offices, including headquarter

A police force belatedly discovered it had been burgled after finding some of its belongings during an unrelated search. Officers searching an address in Auckland, New Zealand unexpectedly came across "a number of documents" which were meant to have been destroyed, as well as expired cannisters of p

Prioritising public spending is essential to grow a stronger economy as Scotland recovers from the pandemic and faces up to the cost of living crisis, finance secretary Kate Forbes has said. Speaking ahead of the publication of the Resource Spending Review, Ms Forbes said more focused government and

Over three fifths (68%) of small and medium-sized businesses (SMEs) in Scotland are expecting to see revenues rise this quarter when compared to the same period last year, according to the latest quarterly Barclays SME Barometer. On average, Scottish SMEs expect to see a 10.4% rise between the month

Nearly 12,000 new businesses have been set up in Scotland since the start of the year, according to new research from insolvency and restructuring trade body R3. R3’s figures, which are based on an analysis of data provided by Creditsafe, reveal that 11,783 new businesses were set up in the na

Professor Graeme Roy has been appointed to be the new chair of the Scottish Fiscal Commission, Scotland’s official independent economic and fiscal forecaster. Following a vote in the Scottish Parliament, Kate Forbes, cabinet secretary for finance and the economy, sealed the appointment of Prof

Highlands and Islands Enterprise (HIE) has partnered with Scottish Development International (SDI) and the Department for International Trade (DIT) to launch a global initiative to attract overseas manufacturing companies of scale to ports in the Cromarty and Moray Firths. The main target of this in

Employment tribunals involving menopause have increased by 44% year on year, according to an analysis of court records by Menopause Experts Group in its annual The Trials Of Menopause Report. There were 23 employment tribunals referencing menopause in 2021, compared to 16 in the previous year. &lsqu

According to a Freedom of Information request by Pinsent Masons, the UK is closely monitoring hundreds of companies that could be using offshore tax havens to reduce their tax bills, under a new system that requires authorities from the British Virgin Islands to the Caymans to share information.

AAB, the tech-enabled business-critical services group, has announced the launch of its new branding, as it continues to implement bold growth plans. Driven by a desire to provide clarity and consistency as the group continues to grow and innovate, the rebrand will also position AAB for future growt

KPMG is to cut the number of companies it audits to focus on improving its standards after a series of scandals, including the collapse of government contractor Carillion. The Big Four firm's decision to reduce its client numbers comes as more than 70 stock market companies put their audit contracts

Lawmakers in Thailand have been criticised after it was revealed that the country's new parliament building includes a karaoke room. The Sappaya-Sapasathan also features a running track, massage room and golf driving range.