Search Results for: Accountancy
HBOS and KPMG tensions exposed by report
November 24th, 2015
TENSIONS between HBOS’s senior management and the bank’s auditor KPMG have been exposed in the long-awaited bumper report into the financial institution’s epic failure. The 500-page tome, which took over three years and £7m to compile, reveals that the ...
HMRC collects £3.5bn from investigations into big businesses’ underpaid corporation tax
November 23rd, 2015
HMRC collected an extra £3.5bn in corporate tax from challenging businesses on their payments in the last tax year, according to figures from Pinsent Masons. The £3.5bn came from investigations into underpaid corporation tax carried out by HMRC’s Large Business ...
Big four accountants ‘quietly’ threatening mid-tier law firms
November 9th, 2015
The resurgence of mid-tier law firms is about to come under pressure from ‘intense competition’ from the big accountancy firms entering the legal market. A report published today by the Royal Bank of Scotland says mid-market law firms had ...
KPMG leads AIM audit market while BDO dominate oil & gas
November 3rd, 2015
KPMG reigns supreme with 152 AIM clients, marginally above BDO which has amassed just two fewer clients, the October 2015 Adviser Rankings reveal. Mazars increased its client count, and posted a 50% uplift in client market cap to catapult them ...
PWC has scooped the Virgin Money audit from KPMG
October 27th, 2015
PwC wrestles Virgin Money audit from KPMG PWC has scooped the Virgin Money audit from KPMG after its Big Four rival had held the account for 11 years. Virgin Money intends to appoint PwC from 1 January 2016, subject ...
Number of accountants increased after financial crisis
October 27th, 2015
In the four years following the financial crisis, membership growth of global professional accounting organizations far outpaced all employment growth in most regions worldwide. According to a new report by the International Federation of Accountants (IFAC), Nexus 1: The ...
Grant Thornton delivers £521m UK fee income
October 23rd, 2015
Grant Thornton has reported a 1.6% year-on-year uplift in its revenue for the financial year ending 30 June 2015 to £521m. The result, which delivered profit before tax of £82m and distributable profit per partner of £398,000 – up 3.4%, ...
HMRC updates PAYE late payment and penalties guidance
October 20th, 2015
HMRC has update the guidance on what payroll information to report to HMRC in the Full Payment Submission (FPS) and Employer Payment Summary (EPS) for PAYE payments, which include changes to late reporting guidance The guidance states that a ...
Baker Tilly acquires Employer Services Ltd
October 14th, 2015
As of today, Employer Services Ltd has officially been acquired by Baker Tilly as an additional Payroll service to their company. Baker Tilly is an independent firm of chartered accountants and business advisers and are one of the three ...
Key areas of risk in the 2015 audit cycle
October 13th, 2015
Professional skepticism and internal control over financial reporting are two key areas for auditors that have attracted the focus of regulators in recent years. These areas are among those addressed in one of two risk alerts published Monday by ...
