Forensic Accounting: Launch of a new, online course for pupils and new practitioners – Bar Standards Board

‘In 2015, the BSB authorised BPP Professional Education to deliver an online Forensic Accounting course to pupils and new practitioners following a review of the face-to-face two day mandatory course.’

Full story

Bar Standards Board, 29th March 2016

Source: www.barstandardsboard.org.uk

Comments Off on Forensic Accounting: Launch of a new, online course for pupils and new practitioners – Bar Standards Board

SRA fines family lawyer for failing to record cash payments – Legal Futures

Posted March 29th, 2016 in accounts, fines, news, solicitors, Solicitors Regulation Authority by sally

‘A family lawyer who failed to record cash payments from clients has been fined £2,000 by the Solicitors Regulation Authority (SRA).’

Full story

Legal Futures, 29th March 2016

Source: www.legalfutures.co.uk

Comments Off on SRA fines family lawyer for failing to record cash payments – Legal Futures

High Court awards Lord Chancellor £1m in battle with legal aid firm – Legal Futures

Posted February 19th, 2016 in accounts, law firms, legal aid, news by sally

‘The Lord Chancellor has been awarded almost £1m by the High Court in its battle with a legal aid firm over payments on account (POAs).’

Full story

Legal Futures, 19th February 2016

Source: www.legalfutures.co.uk

Comments Off on High Court awards Lord Chancellor £1m in battle with legal aid firm – Legal Futures

SDT anonymity ruling “breached principle of open justice”, High Court rules – Legal Futures

A decision by the Solicitors Disciplinary Tribunal (SDT) to grant retrospective anonymity to a solicitor who had only been found guilty of a technical rule breach flouted the principle of open justice, the High Court has ruled.’

Full story

Legal Futures, 18th January 2016

Source: www.legalfutures.co.uk

Comments Off on SDT anonymity ruling “breached principle of open justice”, High Court rules – Legal Futures

Collapse of Olympus fraud case fuels calls for UK law reforms – The Independent

Posted November 11th, 2015 in accounts, auditors, fraud, news, prosecutions, whistleblowers by sally

‘Legal experts have called for an overhaul of UK corporate laws to hold companies to account after the Serious Fraud Office (SFO) dropped its prosecution of Japanese optical giant Olympus Corporation.’

Full story

The Independent, 11th November 2015

Source: www.independent.co.uk

Comments Off on Collapse of Olympus fraud case fuels calls for UK law reforms – The Independent

Audit clauses – Radiohead caught between a rock and a hard place – Technology Law Update

Posted October 19th, 2015 in accounts, contracts, drafting, news, performing arts by sally

‘A recent unreported decision over a royalties and audit clause shows that the court’s interpretation will not necessarily harmonise with what the contract draftsman intended.’

Full story

Technology Law Update, 16th October 2015

Source: www.technology-law-blog.co.uk

Comments Off on Audit clauses – Radiohead caught between a rock and a hard place – Technology Law Update

Tesco to be probed by Financial Conduct Authority – BBC News

Posted October 1st, 2014 in accountants, accounts, company directors, financial regulation, markets, news by tracey

‘Tesco says it has been notified by the Financial Conduct Authority (FCA) that it is under investigation following its admission last week that it overstated its half-year profit guidance by £250m.’

Full story

BBC News, 1st October 2014

Source: www.bbc.co.uk

Comments Off on Tesco to be probed by Financial Conduct Authority – BBC News

Proceedings concerning Texdata Software GmbH – WLR Daily

Posted October 1st, 2013 in accounts, EC law, freedom of establishment, law reports, penalties by sally

Proceedings concerning Texdata Software GmbH (Case C-418/11); [2013] WLR (D) 358

“National legislation prescribing the immediate imposition of a periodic penalty upon a branch of a capital company governed by the laws of another member state in consequence of the failure of that branch, within the statutory nine-month period, to disclose to the authorities of the member state concerned the documents and particulars required by articles 1 and 2 of the Eleventh Council Directive 89/666/EEC of 21 December 1989 concerning disclosure requirements in respect of branches opened in a member state by certain types of company governed by the law of another member state (OJ 1989 L395, p 36) without prior notice and without the company first having been given an opportunity to state its views on the alleged breach was not precluded by European law, provided that the domestic courts were satisfied that the system of penalties was effective, proportionate and dissuasive.”

WLR Daily, 26th September 2013

Source: www.iclr.co.uk

Comments Off on Proceedings concerning Texdata Software GmbH – WLR Daily

Olympus to be prosecuted by UK fraud agency – BBC News

Posted September 4th, 2013 in accounts, company directors, company law, fraud, guilty pleas, news, prosecutions, sentencing by sally

“Japanese camera and medical equipment maker Olympus and its UK subsidiary Gyrus Group will be prosecuted by the UK’s Serious Fraud Office.”

Full story

BBC News, 4th September 2013

Source: www.bbc.co.uk

Comments Off on Olympus to be prosecuted by UK fraud agency – BBC News

Date cross border group relief claim is made, not end of accounting period, will determine claim success, says Supreme Court – OUT-LAW.com

Posted May 24th, 2013 in accounts, EC law, HM Revenue & Customs, news, subsidiary companies, taxation by tracey

“The date when a claim for cross border group relief is made should form the basis of a decision about one of the tests for granting that relief under EU law and not the date of the end of the accounting period in which the claim was made, the Supreme Court has ruled.”

Full story

OUT-LAW.com, 24th May 2013

Source: www.out-law.com

Comments Off on Date cross border group relief claim is made, not end of accounting period, will determine claim success, says Supreme Court – OUT-LAW.com

Commissioners for Her Majesty’s Revenue and Customs (Appellant) v Marks and Spencer plc (Respondent); Commissioners for Her Majesty’s Revenue and Customs (Respondent) v Marks and Spencer plc (Appellant) – Supreme Court

Commissioners for Her Majesty’s Revenue and Customs (Appellant) v Marks and Spencer plc (Respondent); Commissioners for Her Majesty’s Revenue and Customs (Respondent) v Marks and Spencer plc (Appellant) [2013] UKSC 30 (YouTube)

Supreme Court, 22nd May 2013

Source: www.youtube.com/user/UKSupremeCourt

Comments Off on Commissioners for Her Majesty’s Revenue and Customs (Appellant) v Marks and Spencer plc (Respondent); Commissioners for Her Majesty’s Revenue and Customs (Respondent) v Marks and Spencer plc (Appellant) – Supreme Court

Marks & Spencer plc v Revenue and Customs Commissioners – WLR Daily

Marks & Spencer plc v Revenue and Customs Commissioners [2013] UKSC 30; [2013] WLR (D) 191

“The inquiry as to whether a parent company established in the United Kingdom was entitled to cross-border group relief in respect of the losses of its non-resident subsidiaries was to be conducted on the basis of the circumstances existing as at the date of its claim, and not at the end of the accounting period in which those losses crystallised.”

WLR Daily, 22nd May 2013

Source: www.iclr.co.uk

Comments Off on Marks & Spencer plc v Revenue and Customs Commissioners – WLR Daily

Lloyds TSB Foundation for Scotland (Respondent) v. Lloyds Banking Group Plc (Appellant) (Scotland) – Supreme Court

Posted January 23rd, 2013 in accounts, charities, EC law, law reports, Scotland, takeovers by sally

Lloyds TSB Foundation for Scotland (Respondent) v. Lloyds Banking Group Plc (Appellant) (Scotland) [2013] UKSC 3 | UKSC 2012/0042 (YouTube)

Supreme Court, 23rd January 2013

Source: www.youtube.com/user/UKSupremeCourt

Comments Off on Lloyds TSB Foundation for Scotland (Respondent) v. Lloyds Banking Group Plc (Appellant) (Scotland) – Supreme Court

Legal aid lawyers overpaid by £50m – Daily Telegraph

Posted October 28th, 2011 in accounts, fees, legal aid, news by tracey

“Lawyers were overpaid by more than £50 million for legal aid work last year, auditors have discovered.”

Full story

Daily Telegraph, 27th October 2011

Source: www.telegraph.co.uk

Comments Off on Legal aid lawyers overpaid by £50m – Daily Telegraph

BAE criticised by UK MPs over Tanzania corruption – BBC News

Posted July 20th, 2011 in accounts, compensation, corruption, fraud, inquiries, news by tracey

“The British arms and aircraft firm BAE Systems has been severely criticised by a UK parliamentary inquiry into a corruption case surrounding an air-traffic-control deal with Tanzania.”

Full story

BBC News, 19th July 2011

Source: www.bbc.co.uk

Comments Off on BAE criticised by UK MPs over Tanzania corruption – BBC News

Budget Responsibility and National Audit Act 2011 – legislation.gov.uk

Posted March 23rd, 2011 in accounts, budgets, legislation by sally

Budget Responsibility and National Audit Act 2011 published

Full text of Act

Source: www.legislation.gov.uk

Comments Off on Budget Responsibility and National Audit Act 2011 – legislation.gov.uk

BAE radar verdict – Daily Telegraph

Posted December 20th, 2010 in accounts, corruption, fines, fraud, news by sally

“BAE Systems will today be sentenced after pleading guilty to failing to keep accurate records of the sale of military radar to Tanzania, the African country that does not have an air force.”

Full story

Daily Telegraph, 20th December 2010

Source: www.telegraph.co.uk

Comments Off on BAE radar verdict – Daily Telegraph

Gloucestershire coroner’s law practice investigated – BBC News

Posted December 10th, 2010 in accounts, disciplinary procedures, news, professional conduct, solicitors by sally

“The Cheltenham law firm of Gloucestershire coroner Alan Crickmore has been closed following concerns over the way it was being run.”

Full story

BBC News, 9th December 2010

Source: www.bbc.co.uk

Comments Off on Gloucestershire coroner’s law practice investigated – BBC News

R (Veolia ES Nottinghamshire Ltd) v Nottinghamshire County Council (Shlomo Dowen and The Audit Commission for Local Authorities and the National Health Service for England, interested parties) – WLR Daily

Posted November 3rd, 2010 in accounts, auditors, confidentiality, human rights, law reports, local government by sally

R (Veolia ES Nottinghamshire Ltd) v Nottinghamshire County Council (Shlomo Dowen and The Audit Commission for Local Authorities and the National Health Service for England, interested parties) [2010] WLR (D) 273

“The right of ‘persons interested’ under section 15(1) of the Audit Commission Act 1998 to inspect the accounts to be audited and all books, deeds, contracts, bills, vouchers and receipts relating to them did not stretch, on the facts, to examination of commercially sensitive material which was protected by art 1 of the First Protocol of the European Convention for the Protection of Human Rights and Fundamental Freedoms.”

WLR Daily, 2nd November 2010

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Comments Off on R (Veolia ES Nottinghamshire Ltd) v Nottinghamshire County Council (Shlomo Dowen and The Audit Commission for Local Authorities and the National Health Service for England, interested parties) – WLR Daily

NHS software saga will see former directors in court – BBC News

Posted January 7th, 2010 in accounts, company directors, conspiracy, news by sally

The City regulator has started criminal proceedings against four former directors of UK-based healthcare software company iSoft.

Full story

BBC News, 6th January 2010

Source: www.bbc.co.uk

Comments Off on NHS software saga will see former directors in court – BBC News