Financial and Accounting News

• April 25, 2019 Government Publishes Draft Regulations on Directors’ Remuneration Policy Changes The UK government has issued draft regulations with regards to policy and reports in connection with director remuneration. The said regulations have extended the scope of reporting director renumeration to unquoted ...
• April 24, 2019 French Connection Replaces KPMG as its External Auditor with Mazars French Connection Replaces KPMG as its External Auditor with Mazars Fashion firm French Connection Group has replaced KPMG with Mazars as its external auditor for the financial year ending June 30, 2020. KPMG held the said ...
• March 26, 2019 Grant Thornton Wins Mothercare Audit Mothercare, a British retailer which specializes in products for mothers and children up to 8 years old, has selected Grant Thornton to replace Deloitte as its new external auditor with effect from March 28, 2020. The ...
• March 26, 2019 Five-a-side Football Company Discovers Accounting Errors after a Business Review Goals Soccer Centres, a UK-based company, operating dedicated five-a-side football centres across different locations in the UK, has now revealed that it expects the 2018 full year financial results to be below expectations, ...
• March 22, 2019 EY Set to Replace Deloitte as Tullow Oil’s New External Auditor EY is set to be appointed as the new external auditor of multinational gas and oil exploration company with the name of Tullow Oil, replacing another big four firm Deloitte which held the said role since 2002 The oil ...
• March 21, 2019 British Regulator Fines UBS £27.6m for Reporting Failures Financial Conduct Authority (FCA) has handed a fine of £27.6m to UBS, a Swiss bank, for its failure to report transactions amounting to 135.8m from 2007 to 2017. According to FCA, UBS failed in providing complete ...
• March 19, 2019 PwC pays £253m to Settle Claims of Professional Negligence PwC has made payment of £253m ($335m) to settle claims relating to professional negligence in the firm’s audit of the Colonial Bank. The claims of negligence have been brought to attention by the Federal Deposit ...
• March 12, 2019 Deloitte Wins CRH Audit Deloitte is set to replace EY as the new auditor of CRH plc, a building firm, for the financial year ending December 31, 2020. EY has been auditor to the building company since 1988 but now it’s looking like Deloitte will ...
• March 6, 2019 EY is expected to Replace KPMG as New Auditor of Aston Martin EY has replaced KPMG as new auditor of luxury sports cars manufacturer, Aston Martin, after KPMG refused to reapply for tender process less than 3 months after the company got listed on the Stock Exchange. EY is expected ...
• March 4, 2019 Increase in Recovery of VAT on Financial Services in No Deal Brexit In event of a no deal Brexit, the government has planned to make some changes to the VAT legislation to allow business entities in the UK to reclaim Value Added Tax on supplies of specific financial services made to ...