Financial and Accounting News

• 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 ...
• March 1, 2019 Big Four Supports Mandatory Reporting of Ethnicity Pay Gap The Big Four audit and consultancy firms are supporting compulsory reporting of ethnicity pay gap suggested by INvolve, an organisation that is a champion with regards to inclusion and diversity in business, and have ...
• February 28, 2019 HMRC Issued a Petition for Winding up to Notts County Football Club English football club Notts County which is currently sitting at the bottom end of League Two, recently revealed that it has received a petition for winding up over unpaid tax from the HMRC The football club has ...
• February 26, 2019 Vodafone Replaces PwC with EY as its New External Auditor Vodafone Group has decided to replace PwC with EY as its auditor for the financial year ending March 31, 2020. The decision of appointing EY as the group’s new external auditor has been taken in light of the results of a ...
• February 7, 2019 Victims of Investment Scams Lost Average of £29,000 Investment scam victims lost an average of more than £29,000 in the year 2018 as per data from Action Fraud.  Financial Conduct Authority (FCA) is calling for investors to increase supervision in the light of the ...
• January 29, 2019 EY Replaces Deloitte as Capital Group’s New External Auditor EY has replaced Deloitte as new external auditor of the FTSE 250 firm Capital Group (ICG) for the fiscal year ending March 31, 2021. ICG had previously said that it must appoint a new external auditor for the ...
• December 3, 2018 Need to ‘think small’ on audit standards As per ACCA (Association of Certified Chartered Accountants), Standard setting bodies/ institutions should make sure that the standards on auditing should have a simpler structure and language in order to address the ...
• November 27, 2018 Deloitte Replaces PwC as Lloyds Bank New External Auditor PwC has been replaced by Deloitte as Lloyds banking group’s new external auditor for the fiscal year ending December 31, 2021. The said decision resulted in ending of a 153-year relationship between the Lloyds banking ...
• November 21, 2018 Oman Regulator Suspends KPMG from Beginning New Audits for a Year Securities regulator in Oman has suspended the big four firm KPMG from auditing entities for a year following an investigation that found major financial irregularities at some listed companies. The regulator has ...
• November 20, 2018 Paul May Resigns as CEO of Café Chain Patisserie Valerie Patisserie Valerie has announced the appointment of Stephen Francis as its new CEO following resignation given by its former CEO Paul May. The resignation from Paul May comes only a few weeks after the shareholders ...