Business has evolved, now it’s audit’s chance to do the same July 25, 2019 The audit of today has not kept pace with society’s expectations. Over the past 12 months, we’ve seen headlines, challenges and scrutiny over the role and value of audit. Valid concerns have been raised in the wake of events such as the collapse of Carillion, and multiple reports have been commissioned from various independent, parliamentary, [...]
Without action, a crisis over pensions looms June 6, 2019 The row over pensions for women born in the 1950s stepped up a gear this week when campaigners headed to the High Court for a judicial review. Women used to retire at 60, five years earlier than men. In 1995, a timetable was drawn up to equalise this, phasing in the increase. However, the changes [...]
City Moves for 17 June – Who’s switching jobs? June 17, 2019 Today’s City Moves includes Cushman & Wakefield, Wavemaker and Stenn International. Cushman & Wakefield Cushman & Wakefield has appointed Greg Mansell as head of UK research and insight, based in London. Greg joins the firm with more than 10 years’ experience researching and forecasting global real estate markets. Most recently, Greg has run his own [...]
New Zealand and South Africa will be the main contenders at an evenly poised Rugby World Cup – and this weekend’s match could be crucial September 19, 2019 This is one of the most evenly poised Rugby World Cups in a long time. Previously, New Zealand have been outright favourites, but the once-dominant force have looked fallible during the last 12 months. England, Wales and Ireland have all run the All Blacks close or beaten them, while they also lost to Australia and [...]
Ollie Phillips: Eddie Jones is being decisive with England World Cup squad but his intensity could backfire August 8, 2019 Eddie Jones’s decision to name his World Cup squad almost four weeks before the official deadline is one typical of the England head coach. On one hand it’s unnecessary because he’ll almost certainly have to make changes to the 31 names he announces on Monday due to injuries sustained in the warm-up matches and training [...]
Professional services firm BDO plots out break-up plan April 7, 2019 Accountancy and professional services firm BDO is plotting out how it will carve off its auditing arm from the rest of its UK business, following a withering report from MPs on the embattled sector. BDO's head of audit Scott Knight said the firm had run through a range of scenarios in response to the report from the [...]
Cold weather dampens May retail sales June 20, 2019 Retail sales suffered a setback last month as volumes dropped 0.5 per cent month-on-month driven by unseasonably cold weather. Sales were up 2.3 per cent compared to May last year, representing the smallest annual rise since October 2018. Read more: Mullberry swings to a loss on tough UK retail market In April the year-on-year increase [...]
How Telegram failed the Distributed Ledger, Blockchain and Cryptocurrency industry May 19, 2020 This week Telegram announced that the Telegram Open Network (TON) project would be discontinued as the SEC’s winning of a preliminary injunction barred Telegram from launching TON or distributing its Gram tokens. Pavel Durov, Founder of Telegram then explored general themes relating to US dominance of the global financial system “…the people outside the U.S.… [...]
Financial investment fraud cases jumped 74 per cent in 2018 April 29, 2019 Reported fraud cases related to financial investments rose 74 per cent to 6,890 last year, up from 3,950 in 2017. The most commonly reported cases were related to share and bond sales which saw an increase to 860 last year, up from 200 in 2017, and pyramid or Ponzi schemes, which saw an increase to [...]
KPMG examining audit spin-off in wake of damning report from MPs April 8, 2019 Big Four accounting firm KPMG is reportedly planning an overhaul of its UK business in the wake of political pressure and a wave of scandals. KPMG could split its UK audit practice from its wider UK business, The Times reported. Read more: MPs call for full breakup of audit’s Big Four in wake of scandals [...]