12 June, 2018
KPMG fined over audit work at Quindell
The auditor of controversial insurance outsourcer Quindell has been fined more than £3m over its work with the client. KPMG was reprimanded and fined £4.5m (discounted for settlement at £3.15m),...
5 June, 2018
European Court of Justice provides guidance on merger ‘gun-jumping’
Guidance on “gun-jumping”—a failure by merging parties to comply with the “standstill obligation”, which prohibits them from taking any steps to implement their merger before clearance from ...
18 May, 2018
Preparation key for growing trend of corporate venture capital deals
When the business pages write about venture capital they usually fail to make an important distinction. Though VC deals make for attention-grabbing headlines, it is corporate venture capital investmen...
17 May, 2018
Big Four auditors ‘prepared’ if regulators push for split
The UK’s largest accounting firms are preparing themselves for a potential breakup of their offerings. After two influential committees of MPs
1 May, 2018
Aviva offers ‘goodwill payment’ to investors over preference shares
Aviva, the insurance company, has announced plans for a goodwill payment for shareholders totalling up to £14m following its controversial announcement to cancel preference shares. The payment wil...
17 April, 2018
‘Root and branch’ review of FRC launched by government
A “root and branch review” of the UK’s accounting and finance regulator is to be led by former Treasury head Sir John Kingman. The Financial Reporting Council (FRC) will have its governance, ...
22 March, 2018
Financial Reporting Council to face ‘competency inquiry’ by government
Accounting’s regulator faces the prospect of an inquiry into its competency by the government. Business secretary Greg Clark MP told a parliamentary committee investigating the collapse of Carill...
20 March, 2018
Former FDs at Carillion face probe over financial statements
Two finance directors are to be investigated for their conduct in preparation of financial statements at the collapsed construction giant Carillion. Zafar Khan and Richard Adams, both former group ...
12 March, 2018
Certainty on Brexit transition preferred over ambitious deal, say businesses
Legal certainty on a rapidly agreed transition is more valuable to businesses in the UK than a more elaborate final Brexit deal agreed later, a recent survey of CFOs and CEOs reveals. Of the 280 CE...
29 January, 2018
