Accountancy

Big Four firm PwC is being investigated by the Financial Reporting Council (FRC) over its audits of construction firms Kier and Galliford Try. The initiation of these investigations takes the number of probes into the firm to seven. The FRC was already scrutinising PwC's audits of Eddie Stobart, BT,

Flaws found in the way Scottish Canals recorded and valued its assets meant auditors could not give an opinion on its accounts, according to a new report published by Audit Scotland. Scottish Canals' status changed from a public corporation to a non-departmental public body in 2020/21. That cha

Scott James & Associates, a senior partner practice of St. James's Place Wealth Management, has broken through the £100 million funds under management barrier. The Aberdeen-based firm revealed that it had benefitted from increased demand for financial advice throughout the pandemic, this l

The Institute of Chartered Accountants in England and Wales (ICAEW) has received heavy criticism after keeping over £13 million of fines levied against KPMG for its failings in the Silentnight pension fund scandal, rather than allocating the money to the pensioners affected by the scandal. The

M&A volume in Scotland last year rose by 38% over 2020 while deal values rose to £16.4 billion over the same period, according to the latest Experian United Kingdom and Republic of Ireland M&A Review.

Wealth management company Brewin Dolphin has grown its team in Edinburgh with the appointment of investment manager Dennis McGrath. Mr McGrath, who has over 18 years’ experience in financial services, joins the firm from 7IM where he was a team head looking after high-net-worth private clients

The UK Government is suing KPMG for £1.3 billion over allegations it was negligent in its audit of Carillion in 2016. Government ministers have accused KPMG of failing to respond to "red flags" in Carillion's accounts ahead of its collapse in 2018.

Venture Capital (VC) investment in Scotland’s scale-up businesses more than doubled in 2021 as global investors continued to look beyond London last year, according to the latest figures from KPMG. Scotland’s scale-up businesses finished 2021 on a high with almost £100 million in V

KPMG partners were given a six-figure pay rise in 2021 despite regular criticism from regulators throughout the year. KPMG's 571 partners took home an average of £688,000, 20% more than the £572,000 received in 2020.

The £4.3 billion of Covid loans that may have to be written-off by The Treasury due to fraud and highlighted by the resignation of Lord Agnew last week, could be eclipsed by businesses failing to repay their CBILs and BBLs Covid support loans, Blair Milne, head of Restructuring with Azets in S

An upturn of confidence following the gradual easing of Covid restrictions is fuelling an increase in investor confidence and sparked a record year for the Scottish Corporate Finance team at Grant Thornton. Over the last calendar year, the team completed 13 deals across the country, totalling £

PwC is set to recruit more than 100 people into its growing financial services practice as Scotland’s business community adjusts from the disruption of the Covid-19 pandemic and looks towards a sustainable and inclusive future. Representing a 10% uplift in PwC’s total headcount across Sc

KPMG UK has posted growth of 10% in 2021, with revenue rising from £2.14 billion to £2.35bn. For the year ended 30 September 2021, KPMG's profit before tax increased from £288 million to £436m.

KPMG has withdrawn from bidding for Scottish Government contracts after Scottish ministers put their relationship under scrutiny following a series of high-profile accountancy scandals.  KPMG recently won a controversial £546,000 National Care Services (NCS) contact, which led ministers t

Anderson Anderson & Brown Corporate Finance (AABcf) has described 2021 as a 'bumper year' for M&A activity in its Deals+ half-year market review. The review, which highlights selected M&A and fundraising transactions across Scotland, revealed that after a somewhat lull in the market duri