Deloitte Scotland has elevated Paul Hazelton to audit partner alongside 15 of his colleagues who were promoted to director roles across five business practices. Mr Hazelton, a qualified accountant, first joined Deloitte’s audit team in 2005 after graduating from Strathclyde University with a d
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The Scottish economy has shown surprising resilience in 2023, outperforming expectations by avoiding a predicted shallow recession, according to a quarterly economic commentary published by the University of Strathclyde's Fraser of Allander Institute. Supported by Deloitte, the report provides an in
Deloitte's climate charity collaboration with Whale and Dolphin Conservation (WDC) has resulted in a unique educational initiative being brought to Scottish pupils at Govan High School. A life-size inflatable humpback whale, dubbed Hope, was brought to the school on 13 June, offering students a new
Deloitte's Scottish branch has donated 1,000 laptops to five Glasgow-based primary and secondary schools, in line with its commitment to bridging the widening digital skills gap. The recipient schools, which include Govan High School, Hazelwood School, Smithycroft Secondary School, Linburn Academy,
The Financial Reporting Council (FRC) has commenced an investigation in relation to the audit conducted by Deloitte of the consolidated financial statements of Joules Group plc. The investigation concerns the audit conducted byt he Big Four firm for the year ended 30 May 2021.
Sentiment among finance leaders of the UK’s largest firms has improved significantly since the start of the year, according to Deloitte’s UK CFO Survey Q1 2023. The largest increase in confidence since the COVID-19 vaccine rollout was observed, with a net 25% of CFOs being more optimisti
The median FTSE 100 CEO package increased by 12% last year, from £3.72 million in 2021 to £4.15m in 2022 – based on Deloitte's analysis of data from the first 55 companies to publish their 2022 annual reports.
Fraser of Allander Institute has forecast a -0.7% contraction in the Scottish economy in 2023, returning to 0.9% annual growth in 2024. Uncertainties have increased due to concerns in global financial system and persistently high inflation. Lack of clarity on annual impacts on Scottish Budget and UK
UK consumer confidence in Q4 of 2022 improved by half (+0.6) a percentage point, according to the latest Deloitte Consumer Tracker. Whilst small, the uptick marks the reversal of a 15-month period of consecutive decline. Overall confidence was boosted by significant quarter-on-quarter improvement in
CFOs see bank borrowing and debt issuance as less attractive sources of finance now than at any time since the financial crisis, according to Deloitte’s UK CFO Survey, Q4 2022. As a result of this demand for credit is well below average levels and flagging with CFOs, with only 28% saying they
Deloitte has lowered the temperatures in its 22 offices by two degrees Celsius over the Christmas period in order to save money on rising energy costs.
Deloitte and audit engagement partner Simon Manning have been fined nearly £1 million for failings regarding the statutory audits of SIG plc's 2015 and 2016 financial statements. The Financial Reporting Council (FRC) has issued a final settlement decision notice under the audit enforcemen
Audit costs are set to rise by as much as 50% for businesses next year, BDO managing partner Paul Eagland has warned. Mr Eagland said: “I think we’ll see fee inflation next year ... of around 20 per cent,” adding “For certain audits, it could be 50 per cent".
Deloitte’s technology, media and telecommunications (TMT) practice has revealed its predictions for the sector in 2023.
Deloitte has announced the winners of the 2022 UK Technology Fast 50 awards, with three Scottish companies among the ranking. The awards recognise and rank the 50 fastest-growing technology companies in the UK, based on average revenue growth over a four-year period, and are sponsored by Multiverse,