The new Charities State of Recommended Practice (SORP) fails to address the “fundamental issues” facing charity accounting, charity experts have said. Yesterday, Civil Society Media hosted a webinar on the new Charities SORP, which will apply to reporting periods starting on … Read More
Almost a third (31%) of respondents said retaining younger talent had become harder than five years ago Around one in four Gen Z employees have left financial services firms in the past year, with almost half of financial services leaders reporting an … Read More
The stage is set for the next wave of financial advice and wealth management firm acquisitions. But what will the new owners look like, and what will they want from advice businesses? Back in 2019–20, the UK advice market saw … Read More
The Financial Reporting Council has unveiled a new scalebox initiative to mentor smaller audit firms and improve competition with the Big Four. The Financial Reporting Council (FRC) has unveiled a new coaching initiative designed to help smaller audit firms compete … Read More
Small to mid-tier accountancy firms are facing “serious” barriers to growth due to staffing shortages, according to a damning new report into the sector. According to figures from outsourcing specialists Advancetrack, 94 per cent of firms say recruitment issues are … Read More
As mid-market accountancy firms look to grow beyond their regional roots, expansion is taking many forms – from senior hires to sector specialisms and international reach. Some are chasing M&A; others are taking a more deliberate path. Once defined by … Read More
The professional services group, which has 23 offices in the UK, Ireland and the Cayman Islands, announced its intention to acquire BTSEE on 7 May via the London Stock Exchange MHA has completed the €24m (£20.7m)acquisition of Baker Tilly South-East Europe (BTSEE), expanding its presence … Read More
Accountants in the UK – and beyond – are reporting increasing difficulties with recruitment and retention of audit professionals, potentially undermining their ability to perform this critical role. The latest survey from the Thomson Reuters Institute warns 58% of audit … Read More
More and more accountancy and audit firms are considering PE investment, but they need to understand the impact on their audit status under ICAEW regulations and FRC rules. For partners considering retirement or wanting to boost investment, private equity (PE) … Read More
Bruce Cartwright of ICAS discusses the need for audit quality to remain unaffected by private equity’s growing influence in the profession, as well as the value of identifying models different from the traditional partnership approach. As private equity’s presence in … Read More