FCA flags gaps in suitability reviews despite high compliance
Business Regulation

FCA flags gaps in suitability reviews despite high compliance

1y Accountancy Age

FCA flags gaps in suitability reviews despite high...

The UK’s Financial Conduct Authority (FCA) has found that most financial advice firms are delivering suitability reviews as required, but gaps remain ...

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Grant Thornton launches new advisory service for fast-growth businesses
Corporate Finance

Grant Thornton launches new advisory service for fast-growth businesses

1y Marina Mouka

Grant Thornton launches new advisory service for f...

Grant Thornton UK LLP has launched a new national Entrepreneurial and SME Services team to support fast-growing businesses and startups with tailored ...

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AAT appoints Sir Stephen Hillier as Board Chair
Company News

AAT appoints Sir Stephen Hillier as Board Chair

1y Accountancy Age

AAT appoints Sir Stephen Hillier as Board Chair

The Association of Accounting Technicians (AAT) has named Sir Stephen Hillier as its inaugural Board Chair, a move that signals a sweeping overhaul of...

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UK companies fall short on late filing fines, raising enforcement concerns
Corporate Governance

UK companies fall short on late filing fines, raising enforcement concerns

1y Accountancy Age

UK companies fall short on late filing fines, rais...

UK firms are increasingly defaulting on fines imposed for the late filing of annual accounts, with recent data exposing significant gaps in major comp...

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UK finance has lost 10,000 firms since 2020, study shows
Brexit & Economy

UK finance has lost 10,000 firms since 2020, study shows

1y Accountancy Age

UK finance has lost 10,000 firms since 2020, study...

The UK’s financial sector has contracted significantly since 2020, with nearly 10,000 firms disappearing in just four years, according to new data fro...

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Digital transformation priorities for UK accounting firms: Strategic roadmap for 2025
Accounting Firms

Digital transformation priorities for UK accounting firms: Strategic roadma...

1y Mohammed Sidat, Associate Product Technology Director, Wolters Kluwer TAA UK

Digital transformation priorities for UK accountin...

It’s official, accounting firms with at least 75% technology integration are 63% more likely to report significant revenue growth compared to le...

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The real AI divide in accounting is between the fearful and the fearless
Accounting Firms

The real AI divide in accounting is between the fearful and the fearless

1y Marina Mouka

The real AI divide in accounting is between the fe...

Two accounting firms, same size, same market, same tools. One is scaling rapidly, rolling out new services, and attracting top-tier clients. The other...

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EU mandates electronic VAT exemption certificates by 2032
Regulation

EU mandates electronic VAT exemption certificates by 2032

1y Accountancy Age

EU mandates electronic VAT exemption certificates ...

The European Union has set 30 June 2032 as the deadline for the mandatory adoption of electronic VAT exemption certificates, replacing the traditional...

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UK drops tax crackdown on private equity and accountancies
HMRC

UK drops tax crackdown on private equity and accountancies

1y Accountancy Age

UK drops tax crackdown on private equity and accou...

The UK’s tax authority, HM Revenue & Customs (HMRC), has abandoned plans to alter the tax treatment of members within limited liability part...

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UK government consultation sparks debate on e-invoicing adoption
HMRC

UK government consultation sparks debate on e-invoicing adoption

1y Marina Mouka

UK government consultation sparks debate on e-invo...

The UK government has launched a consultation to explore the wider adoption of electronic invoicing (e-invoicing) in business transactions, a move tha...

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Forvis Mazars announces new UK Executive team
Accounting Firms

Forvis Mazars announces new UK Executive team

1y Accountancy Age

Forvis Mazars announces new UK Executive team

Forvis Mazars has announced a new Executive team to lead its UK operations, with five new appointments joining CEO James Gilbey’s leadership group. Th...

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Moore Global reports record revenues following private equity investment
Accounting Firms

Moore Global reports record revenues following private equity investment

1y Accountancy Age

Moore Global reports record revenues following pri...

Moore Global, a leading accountancy network, reported record revenues of $5.1 billion in 2024, marking a 13% increase from the previous year. The firm...

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Azets expands into Sweden’s audit and advisory market with KPMG acquisition
Kpmg

Azets expands into Sweden’s audit and advisory market with KPMG acquisition

1y Accountancy Age

Azets expands into Sweden’s audit and advisory mar...

Azets has agreed to acquire part of KPMG Sweden’s business, marking a strategic move into the country’s audit and advisory market. The deal will see A...

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How to lose a month of work and still feel busy
Accounting Firms

How to lose a month of work and still feel busy

1y Accountancy Age

How to lose a month of work and still feel busy

Accounting firms pride themselves on precision. Every number balanced, every transaction documented, every report filed on time. Yet beneath this well...

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How we can solve the skills shortage in finance
Skills

How we can solve the skills shortage in finance

1y Sarah Beale, CEO, Association of Accounting Technicians

How we can solve the skills shortage in finance

There’s no denying that accountancy, and the wider financial services sector, is facing a skills shortage. In September 2024, Skills England identifie...

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Unlocking productivity: the evolving role of the CFO
Corporate Finance

Unlocking productivity: the evolving role of the CFO

1y Irena Teneva, AICPA & CIMA

Unlocking productivity: the evolving role of the C...

Understanding what drives productivity is crucial to economic growth, innovation, and living standards, making all of us stakeholders in the efforts t...

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The hidden cyber threat lurking in your supply chain
Corporate Governance

The hidden cyber threat lurking in your supply chain

1y Accountancy Age

The hidden cyber threat lurking in your supply cha...

More than half of large UK financial services firms experienced at least one third-party supply chain attack in 2024, with nearly a quarter facing thr...

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FCA faces backlash over plan to expose firms under investigation
Business Regulation

FCA faces backlash over plan to expose firms under investigation

1y Marina Mouka

FCA faces backlash over plan to expose firms under...

The UK’s financial watchdog is facing fierce resistance over its proposal to publicly disclose company investigations before enforcement action is tak...

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Bank of England cuts interest rates, again
Corporate Finance

Bank of England cuts interest rates, again

1y Accountancy Age

Bank of England cuts interest rates, again

The Bank of England (BoE) has reduced its key interest rate from 4.75% to 4.5% in a move aimed at supporting the UK’s slowing economy, marking its thi...

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Why every accounting firm should think like a CFO
Accounting Firms

Why every accounting firm should think like a CFO

1y Marina Mouka

Why every accounting firm should think like a CFO

For years, accounting firms built their businesses on stability. Tax filings, financial reporting, and audits were the profession’s foundation, predic...

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Grant Thornton invests £1M in data and digital training
Grant Thornton

Grant Thornton invests £1M in data and digital training

1y Accountancy Age

Grant Thornton invests £1M in data and digital tra...

Grant Thornton UK LLP has announced a £1 million investment in a business transformation programme designed to embed a data-driven, digital mindset ac...

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ACCA backs central oversight of local authority audits, but warns of risks
ACCA

ACCA backs central oversight of local authority audits, but warns of risks

1y Accountancy Age

ACCA backs central oversight of local authority au...

The global accountancy body has thrown its support behind the UK government’s proposed overhaul of local authority audits but warns that the reforms l...

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When banks fail, businesses pay—The Barclays outage lesson
Business Regulation

When banks fail, businesses pay—The Barclays outage lesson

1y Marina Mouka

When banks fail, businesses pay—The Barclays outag...

On Friday, January 31, 2025, Barclays experienced a significant IT outage that disrupted various banking services, including online and mobile banking...

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The battle for AIM: Is PKF about to unseat BDO?
Accounting Firms

The battle for AIM: Is PKF about to unseat BDO?

1y Accountancy Age

The battle for AIM: Is PKF about to unseat BDO?

With BDO’s long-standing dominance under threat, is 2025 the year a new leader emerges in AIM auditing? Read More...

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Q&A: Inside EY’s $1B innovation journey with Marc Jeschonneck and Paul Goodhew
AI in Accounting

Q&A: Inside EY’s $1B innovation journey with Marc Jeschonneck and Paul Good...

2y Marina Mouka

Q&A: Inside EY’s $1B innovation journey with Marc ...

EY’s Marc Jeschonneck and Paul Goodhew reveal how generative AI and innovation are reshaping the future of auditing. Read More...

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Baker Tilly International announces record revenues
Accounting Firms

Baker Tilly International announces record revenues

2y Accountancy Age

Baker Tilly International announces record revenue...

Baker Tilly International has today announced record global revenues of $5.62bn for the year ended 31 December 2024, marking a 9% increase from the pr...

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The UK economy in 2025: Resilient or running on empty?
2025 Predictions

The UK economy in 2025: Resilient or running on empty?

2y Marina Mouka

The UK economy in 2025: Resilient or running on em...

The UK has entered 2025 at a crossroads. While global growth is set to continue at a modest pace, Britain faces a far more delicate balancing act. Wit...

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