Grant Thornton axed from top flight of audit supervision after removing high-profile clients January 7, 2024 Accountancy firm Grant Thornton has been cut from the industry watchdog’s top tier of audit supervision after removing a number of high-profile clients.
Accountancy watchdog called on to raise threshold for enforcement action January 4, 2024 An accountancy chief has called on the Financial Reporting Council (FRC) to raise the threshold for enforcement action against auditors. Speaking to the Financial Times, Michael Izza, chief executive of the Institute of Chartered Accountants England and Wales said: “Prior to 2017, if the FRC brought a case against an auditor, the threshold test that [...]
FRC opens probe into a member over the bankrupted Thurrock Council January 3, 2024 The Financial Reporting Council (FRC) has launched an investigation into the conduct of "a member" in relation to the bankrupted Thurrock Council's accounts.
Simmons & Simmons awarded £3m Bank of England legal contract January 3, 2024 The law firm won the BoE's flexible legal resourcing contract late last month, with a value up to £3m running for two years until 19 December 2025.
MoJ launches new court guide to boost transparency in the justice system December 30, 2023 People are being encouraged to “see how justice is done” with the launch of a new Government guide on how to attend court hearings. The Ministry of Justice (MoJ) hopes the “how to” publication will help people observe some of the two million or so court and tribunal hearings that take place each year. It [...]
See you in court: keep an eye out for the most interesting cases in 2024 December 28, 2023 Coming soon: Alleged confidential leaks, missing aircraft in Russia and alleged negligence by a Big Four accountancy firm
McKinsey defers partners’ bonuses as dealmaking dries up December 24, 2023 Partners at management consultancy McKinsey have reportedly voted to defer part of their bonuses as the company sees a slowdown in demand for its services amid a slump in corporate deals.
UK must promote English law brand as more contracts drawn up in Europe, City lawyers warn December 22, 2023 More must be done to promote the “brand of English law”, City Lawyers have warned, following concerns that major corporate contracts are being written up under laws in other European nations.
Amy Winehouse estate seeks £730,000 from friends in auction dispute December 21, 2023 The estate of Amy Winehouse is suing two of the late singer’s friends for more than £730,000 over claims they profited from selling her personal property at an auction, a court document has revealed. The star’s father Mitch Winehouse, as administrator of his daughter’s estate, is bringing the case against Naomi Parry and Catriona Gourlay at the High Court. [...]
UK fraud office faces hefty bill after court finds wrongdoing led to ENRC bribery probe December 21, 2023 The Serious Fraud Office (SFO) faces a hefty multi-million pound bill after the High Court ruled today that the agency would not have opened an investigation into a Kazakh mining firm but for the wrongdoing of its officers.