Financial and Accounting News

• May 18, 2018 Tax fraud Leds Recycling consultant to jail for a period of 21 months John Hamill, an Ayrshire based recycling consultant, operated as a sole proprietor for his business named GH Consulting. Hamill made profits amounting to £1.3m from his business however he did not pay any tax on this ...
• May 17, 2018 Companies Failing to Comply with the PSC Register Requirements can be Prosecuted for a Criminal Offence by the Companies House Companies and individuals that have failed to publish details of people with significant control (PSC) are now being sent remainders by the Companies house to publish details regarding their ownership through their PSC ...
• May 16, 2018 Significant Number of Companies Failed in Complying With PSC Requirements Despite the efforts made by the UK government to ensure that companies disclose their ownership through mentioning details of people with significant control (PSC) within the entity by means of a PSC register, there are ...
• May 14, 2018 Baldwins Group Completes the Acquisition of Ayrshire Based Accounting Firm Sinclair Scott Baldwins, the highly active member of CogitalGroup with reference to acquistions, is continuing on the acquisition/ merger trail, and as a result has further expanded its reputation and presence in Scotland after the ...
• May 14, 2018 SIG Decides to Drop Deloitte as Group Auditor The FTSE 250 firm SIG decided to drop Deloitte as its auditor after the majority of the group shareholders voted against the reappointment of the Big Four firm at its recently held annual general meeting (AGM). At ...
• May 11, 2018 Panasonic Hit with Penalty of $143m over Fraud and Bribery Scam Securities and Exchange Commission (SEC) required Panasonic a Japan based multinational to pay in excess of $143m to resolve Fraud and bribery charges under accounting fraud violations and the Foreign Corrupt Practices ...
• May 7, 2018 CICs to Report Remuneration of Director
• May 4, 2018 39% of the Companies Consider Annual Reports to be Excessively Detailed Recently a research was conducted by ICSA: The Governance Institute and recruitment specialist The Core Partnership, which brought to light the fact that many companies were indecisive about whether the amount of ...
• May 3, 2018 PwC Replaced as Auditors by the KPMG of a 109-year Old Client PwC Replaced as Auditors by the KPMG of a 109-year Old Client  Carr’s, an agricultural and engineering group, has approved in its board meeting to replace PwC as its auditor by KPMG for the year ending August ...
• May 2, 2018 QCA Revises its Corporate Governance Code for Small sized Quoted Companies In light of the recent developments in London Stock Exchange regarding the need for the application of a recognized governance code on the companies that are listed on the Alternate Investment Market (AIM), a revised ...