Other News

• 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 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 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 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 ...
• 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 ...
• November 16, 2018 South Korean Financial Regulator Accused Samsung BioLogics of Accounting Violations South Korea’s financial regulator has said that Samsung BioLogics has violated accounting rules with regards to the treatment it has adopted to account for its holdings in one of its subsidiary. The company in question ...
• November 12, 2018 ACCA Publishes Report on Emotional Intelligence Important for Accountants to Survive in the Modern Workplace According to a recent report released by the ACCA, emotional intelligence in addition to a well-rounded skillset are pretty important if the accountants are to survive and thrive in a field that is highly tech-driven ...
• October 22, 2018 SEC Urges Companies to Focus on Employing Better Accounting and Audit controls against Cyber Threats The US regulator Securities and Exchange Commission (SEC) has urged companies to take threats from the cyber world more seriously than they are doing right now when developing and implementing internal controls for the ...
• October 10, 2018 Uncertainty Surrounding Brexit Results in Drop of Confidence in the UK Economy As per the Global Economic Conditions Survey (GECS) released by IMA® (Institute of Management Accountants) and ACCA (the Association of Chartered Certified Accountants) revealed that confidence in the UK economy has ...
• October 10, 2018 Companies not in Support of the Idea of Workers on Boards According to a study by ICSA: The Governance Institute, most companies in the UK feel that the idea of having workers on the board is flawed and therefore those companies are not in any way planning to introduce the ...