Accountancy

Big Four firm KPMG is set to be fined £14.4 million after a Financial Reporting Council (FRC) tribunal found that its auditors deliberately misled regulators during routine inspections of its audit of collapsed government contractor Carillion. The £14.4m fine for KPMG would be the second

FRP Advisory, the administrators of Debenhams, have made £5.3 million in fees in the two years since the company went into insolvency. The administrators’ report has highlighted that FRP partners’ charges had increased from £495-£595 an hour to between £595-£

Wealth management company Brewin Dolphin has partnered for a second time with the School for Social Entrepreneurs (SSE) this time to support its free entrepreneurial support programme that helps established social entrepreneurs to understand the procurement process and how to bid for and win public

Almost three quarters (71%) of SME businesses are not currently acting to reduce their carbon emissions, as Environmental, Social, and Governance (ESG) performance is downgraded and digitalisation, employee wellbeing, cost inflation, and recruitment take priority according to the latest Azets SME Ba

Wealth manager Brewin Dolphin, which has offices in Edinburgh, Glasgow, Aberdeen and Dundee, has posted its half year results revealing strong organic fund inflows of £1.9 billion.

Peter Ferguson, a businessman from Dunfermline, has been banned from running companies over allegations he used a government Covid bounce-back loan for personal gain. The Insolvency Service imposed a six-year sanction on Mr Ferguson, 46, last week relating to his conduct in running Beautiful Digital

As businesses continue to operate in an increasingly challenging environment and brace for the impact of rising cost and wage inflation and energy bills, the latest research from Grant Thornton’s Business Outlook Tracker finds that recent price increases by the Scottish mid-sized businesses ar

Ahead of Mental Health Awareness Week (9 -13 May) new research from Grant Thornton UK LLP shows that mid-market employers are looking to increase investment in supporting their people’s mental health over the next 12 months. From the 604 respondents to Grant Thornton’s latest Business Ou

Inflationary pressure poses a huge risk to Scottish businesses in the coming months, with a significant number unprepared for the highest level of inflation in 30 years, according to accountancy and business advisory firm, BDO LLP. According to the firm, 73% of businesses have only accounted for a 3

Staff at Big Four firm PwC have hit back at Lord Sugar after he called employees at the company "lazy", following an announcement that PwC will allow employees to take Friday afternoons off during the summer months. Last week, Scottish Financial News reported that the firm had written to its 22,000

Fast-growth businesses in Scotland continue to attract huge volumes of venture capital (VC) investment, despite the uncertain geopolitical and macroeconomic environment, according to the latest figures from KPMG UK. Scottish scaleups saw 41 deals completed in the first three months of this year, rai

Last week, Scottish Financial News reported that Big Four firm PwC is offering shorter working hours on a Friday over the summer. Chris Phillips, employment law partner at Thorntons Solicitors comments. The idea of shortening or flexing hours for staff over the summer is great in principle and, as l

International law firm Addleshaw Goddard has launched its search for the best high-growth tech businesses to join its 5th AG Elevate programme – an accelerator for those looking to become the next tech unicorn. AG Elevate is a fast-track 10-month programme designed to advance tech businesses i

Glasgow-founded convenience store chain McColl's is on the brink of failure, as it company revealed it was "increasingly likely" it would fall into administration unless talks concerning a rescue deal proved successful.

Michael Reid, managing partner at Aberdeen-based chartered accountancy practice Meston Reid & Co, discusses the utilisation of bounce-back-loans for unintended purposes. Much has been reported in the media over the past few months about a company obtaining a bounce-back loan and the directors no