Five key takeaways from the FRC’s audit sector report October 8, 2018 The Financial Reporting Council (FRC), the audit sector’s watchdog, released its annual Developments in Audit report yesterday, outlining key challenges faced in the sector and assessing the current state of the profession. Audit is under close scrutiny at the moment, as politicians and regulators look closely at the dominance of the Big Four audit firms Deloitte, [...]
Mark Kleinman: Financial Reporting Council must offer clarity on Haddrill’s future November 2, 2018 The 900 UK partners at PwC were unable to deduce much from a voicemail left for them this week by their boss, Kevin Ellis, about its plans for the future of the UK audit market. His message was “very top-level”, according to one person who heard it: the details of its blueprint, submitted to the [...]
Ollie Phillips: Eddie Jones goes physical as England name exciting but inexperienced side to face South Africa November 1, 2018 We knew there would be changes in England’s first squad for the autumn internationals, but Eddie Jones has still managed to spring a few surprises in the side to play South Africa on Saturday. I’ve been critical previously of the England head coach for not picking on form, so it’s pleasing to see some of [...]
Fines for data privacy breaches increase by £1m in one year May 23, 2018 Fines for data privacy breaches for UK organisations breached £4m last year, analysis out today has shown. Research from PwC studied fines that had been handed out by the Information Commissioners Office (ICO) for data protection mishaps, finding that fines rocketed up by more than £1m from 2016’s figures, as 54 organisations were found to [...]
City Moves for 19 September 2018 – who’s switching jobs at Close Brothers Asset Management, BNP Paribas and Arrow Global Group? September 19, 2018 Today's City Moves cover bespoke investment, FX options trading and client development. Take a look at these movers and shakers: Close Brothers Asset Management Close Brothers Asset Management (CBAM) has hired managing director Oliver Harvey to support the growth of its HNW bespoke investment management service. Oliver brings with him 19 years of experience of [...]
City Moves for 19 September 2018 – who’s switching jobs at Close Brothers Asset Management, BNP Paribas and Arrow Global Group? September 19, 2018 Today's City Moves cover bespoke investment, FX options trading and client development. Take a look at these movers and shakers: Close Brothers Asset Management Close Brothers Asset Management (CBAM) has hired managing director Oliver Harvey to support the growth of its HNW bespoke investment management service. Oliver brings with him 19 years of experience of [...]
The future is now, but we’ll miss it if we don’t solve tech’s talent crisis October 19, 2018 The time has come for us to change the narrative. Too often, company executives talk about a future where artificial intelligence will transform the employment landscape or the strategies they are developing to adapt to the fourth industrial revolution. But that time is here – and companies need to be taking action now. Read more: London's [...]
We are living longer – perhaps we should all be working longer too June 19, 2018 By the year 2030, it is estimated that there will be just 2.3 working age adults in the EU for every person over 65. The demographics of the developed world are changing, and policy is struggling to keep up. British people are living longer – and this is surely to be celebrated. But as life [...]
City watchdog chair Charles Randell says Big Four needs to improve audit quality ‘as a matter of urgency’ September 6, 2018 City watchdog chairman Charles Randell launched a withering attack on the Big Four accountancy firms today, calling for the profession to address audit quality "as a matter of urgency". In a speech marking 10 years since the start of the financial crisis, Randell said it was “very disappointing” to see that the Financial Reporting Council’s audit [...]
Acacia Mining chairman departs for South African rival AngloGold Ashanti August 29, 2018 The chairman of a Tanzania-focused miner that is involved in a bitter dispute over gold exports with the country's government will step down at the end of this month to a join a South African rival. Kelvin Dushnisky will leave Acacia Mining on 31 August to join South African miner AngloGold Ashanti as chief executive and an executive [...]