FTSE 100 chief execs continue to feel the pinch with lower pay packages November 22, 2021 The pay cheques of FTSE 100 company chief executives have taken a hit this year, as executive rewards were curbed during the pandemic, according to reports.
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 [...]
Conservative MP Ben Everitt paid by accounting body which voted against tax on consultants November 22, 2021 A conservative MP who spoke out in Parliament against extensions to a tax law on consultants also earned thousands of pounds himself from an accounting group that lobbied against the tax, according to reports. Ben Everitt, the MP for Milton Keynes North, was paid nearly £14,000 for 60 hours of work for the Institute of Chartered [...]
London’s Wolseley restaurant owners take Axa to court over Covid insurance disputes November 20, 2021 Hospitality groups, including the owner of London's Wolseley restaurant, are set to bring lawsuits to Axa insurance over Covid-related losses, according to reports.
Watch out lawyers: Solicitors’ regulator pushes for greater fining powers November 19, 2021 The UK solicitors regulator has proposed increasing its powers to issue fines of £25,000.
UK drivers banned from using hand-held devices November 19, 2021 UK drivers will be banned from filming or searching for playlists on hand-held devices from next year under government plans to boost road safety.
Flexible working more important to lawyers than salaries, report finds November 19, 2021 Law firms competing in the pay war for legal talent may be barking up the wrong tree, according to new research which has found that flexible working edges out money as the top priority for lawyers. Around 83 per cent of lawyers in a survey of legal professionals, by legal recruitment consultancy Realm Recruit, said [...]
Accounting watchdog: Third of all audits ‘unsatisfactory’ amid fears sector reforms will be watered down November 18, 2021 An “unacceptably high” number of audits still need improving, according to the UK accounting watchdog’s latest report, amid increasing concerns that the government may scale back long-awaited corporate governance and audit reforms. The Financial Reporting Council (FRC) today published its latest annual report on UK audits, finding that 33 per cent of all audits still [...]
EY faces mounting staff backlash over sexual harassment case November 18, 2021 EY has come under fire from its own workforce for allowing a partner to retain his job after sexually harassing a junior female colleague on a company ski trip, according to reports. The accounting giant told staff it would do more to tackle inappropriate behaviour, following the case of Neil Hutt, a transactions partner who [...]
Willis Towers licks wounds of failed mega-merger with a board shakeup November 18, 2021 Willis Towers Watson has appointed four new directors, as the company tries to move forward after a failed mega-deal with Aon earlier this year.