Accountancy type:
Review Period: Apr 2014
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Too many accountants being caught in the act of fraud

All too many accountants are being caught in the act of misappropriating their clients’ funds with not one but two major high-profile cases in the news lately.

Accusations of poor accounting practices fly

This week there’s been a raft of rows over accounting practices as not one but two companies stand accused of playing fast and loose with the rules.

Distressing accounting reports at home and abroad

Sometimes there’s simply no good news to report, and this is exactly what’s going on this week as reports roll in at home and abroad predicting stormy weather.

Taxpayers lose big per annum, Chancellor strikes back

This week, it was revealed that taxpayers lose out on some £55 billion in tax avoidance, tax fraud, and simple error; the Chancellor wants that gap closed.

HMRC likes where things are headed but wants more

It’s never enough for Her Majesty’s Revenue and Customs when it comes to its campaign to snuff out tax avoidance, even in the face of successful feedback.

Regulation and reform – good or bad for the UK?

The accountancy sector has always been subject to rather tight regulatory practices – but now as the landscape evolves and changes, is it for good or for ill?

Accountancy firms behind the times in more ways than one

Well it’s finally come to light: accountancy firms in the UK are woefully behind the times in a number of ways, according to some recent news stories this week.

Two accountancy firms dragged over the coals by regulators

This week, not one but two major accountancy firms have been called on the carpet for their poor behaviour, and as far as I’m concerned it’s about damned time.

Pensions accounting reform needed, reinforced by WHSmith

This week, outrage over WHSmith’s mishandling of its pensions liabilities has led to a new call for pensions accounting reform across the industry.

EU creeps closer to new accounting rules, UK stops blocking

The UK has been dragging its feet on new EU accounting rules, but now the playing field seems to have changed dramatically over the course of the last week.