HSBC’s $94m-a-year audits may not be enough to woo Big Four accountants November 22, 2021 Fears that the UK’s biggest lender will struggle to attract the Big Four accounting firms have been stoked as HSBC prepares to tender the audits of its accounts next year, according to reports. The heads of HSBC reached out to the Big Four auditors but found they were reluctant to bid for the bank’s audits [...]
FRC to ‘strengthen’ audit governance code to tackle Big Four accounting scandals August 26, 2021 The Financial Reporting Council (FRC) has today announced proposals to update and “strengthen” its Audit Firm Governance Code and establish “operational separation” at the Big Four firms. The proposed changes are aimed at clarifying the role of partnership boards in holding management to account, said the UK accounting watchdog in a statement. A key proposal [...]
Asda adopts permanent hybrid working for office staff July 2, 2021 Staff at Asda head offices will be able to choose where they work on a permanent basis even Covid restrictions are eased and working from home guidance is dropped. The change means around 4,000 staff, most of whom are based in Leeds, will be able to work more flexibly on a permanent basis. Asda said [...]
Car dealer Lookers predicts small profit after 2020 turbulence March 18, 2021 Car dealership Lookers this morning said that it was expecting a full year profit of £10m for 2020, beating analyst expectations of a small loss. Shares in the firm rose 5.4 per cent as markets opened this morning. In an update, the FTSE 250 firm said it was still working on its full accounts for [...]
Three amazing jobs to apply for this week September 3, 2021 As summer draws to a close (sad times), we’ll all start noticing changes. The weather, the kids back to school and so on. These changes may inspire you to make some changes of your own – where your job is concerned of course. September is notoriously a popular month for people looking for new jobs, [...]
The myth of female disempowerment in the future of the crypto industry September 25, 2023 Entrepreneur Stefania Barbaglio looks at what the future holds for women in a crypto industry dominated by men.
Train operator Go-Ahead admits to ‘serious errors and failures’ as shares suspended December 9, 2021 Train operator Go-Ahead Group has seen the trading of its shares temporarily suspended as it admitted to serious errors and failures in the way it ran the Southeastern rail franchise.
Malaysia’s 1MDB launches legal bid to recover $23bn in assets after fraud scandal May 10, 2021 Malaysian state fund 1Malaysia Development Berhad (1MDB) has launched a legal bid to recover $23bn (£16.3bn) in assets following a fraud scandal that rocked the southeast Asian country. Malaysia and US state investigators estimate at least $4.5bn was stolen from 1MDB between 2009 and 2014 in a corruption scandal that has implicated former prime minister [...]
World’s richest football clubs 2020: Barcelona replace Real Madrid at top of Deloitte Football Money League as Manchester United are left behind January 14, 2020 Barcelona have overtaken Real Madrid to become the world’s richest football club, according to Deloitte’s Football Money League. The Spanish champions saw revenue soar to €840.8m (£741.1m) last year – a record figure for any team and almost 10 per cent more than rivals Real Madrid, who are second. Manchester United, in third, remain the [...]
Amber Group toasts ‘gold standard’ SOC 2 compliance success January 19, 2022 Amber Group, a leading global digital asset platform, announced today that it has successfully achieved the Service Organisation Control (SOC) 2 compliance.