Accountancy

The Financial Reporting Council (FRC) issued a historic number of fines in 2023, totalling £33.2 million, surpassing the previous year's record.

Aberdeen-headquartered Acumen Financial Planning has marked its 21st anniversary with reaching a milestone of over £900 million in funds under management across the Financial Planning Group. The year has also seen the firm welcome sixteen new staff members and several internal promotions,

Ahead of today's Scottish Budget, the Chartered Institute of Taxation (CIOT) and Institute of Chartered Accountants of Scotland (ICAS) have called on the Scottish and UK governments to use the tenth anniversary of the Smith Commission next year to review the implementation of Scotland’s devol

KPMG has entered discussions to merge its UK and Swiss operations in a move that could significantly impact the firm's growth and profitability.

Aberdeenshire-based Acumen Accountants has enhanced its market presence in Northeast Scotland through the acquisition of Graeme Munro & Company Ltd. The six-figure deal, which was prompted by founder Graeme Munro's retirement, was finalised on 24 October 2023. All four of the remaining staff hav

Johnston Carmichael has announced a significant bolstering of its leadership team with seven senior promotions in Scotland and the North East of England. The seven senior promotions are among 55 promotions effective across the business this month and brings the total number promoted at Johnston Carm

UK business leaders understand the value of implementing new technology, but they don’t know how to measure it, according to new research from Deloitte. In a new report, Measuring Value from Digital Transformation, 1,600 global business and technology leaders across six different industries we

The 12,000 KPMG staff in Britain who have not been promoted will not benefit from a pay rise this year as the firm tightens its belt in reaction to a fall in demand for its services. Senior partners at the Big Four firm have been informing teams in recent weeks that their pay will be frozen unless t

The Association of Chartered Certified Accountants (ACCA) has communicated pressing concerns to the Chancellor ahead of the Autumn Budget Statement, stressing the urgency for financial reforms to stimulate the UK economy. In a critical open letter, the ACCA pinpointed three core areas requiring imme

Glasgow-based Consilium Chartered Accountants has made a series of senior promotions, elevating talent from within as it marks its 10th anniversary. Within the firm’s tax department, Paul Donnelly, who was one of Consilium’s first hires when the company started in 2013, has been promoted

Borders-headquartered accountancy firm Rennie Welch LLP has promoted two of its colleagues, Lynn Miller and Ross Tinlin, to the senior role of associate. The pair become the first to complete Rennie Welch’s associate programme set up in 2021 to further develop talent within the firm.

BDO has reported a decline in partner pay, handing out an average of £609,000 per partner, following an ambitious recruitment drive and significant investment in its growth strategy. Despite the 6% decrease reduction in partner earnings from the previous year, the firm has seen robust financia

Responding to the omission of the Audit and Corporate Governance Reform Bill from the King’s Speech today, ICAS has warned of a detrimental impact and calls for the government to rethink its position. ICAS strongly advocates that the reforms that were intended to be included in the Audit and C

Family and owner-managed businesses across the region are being urged to take part in a survey to help provide vital insight into the challenges they face, aspirations they have and opportunities available. Accountancy firm Armstrong Watson, which operates in Scotland and across the North of England

Recent data unveiled by ACCA has highlighted significant issues UK accountants face when interacting with HMRC services at even the most basic level. Over half (52%) of the surveyed UK ACCA members voiced concerns that HMRC's service quality was negatively affecting their work efficiency. This