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Today’s news in brief – 30/1/2024

Gravitate Accounting has hired 10 professionals in the last six months, supporting its growth towards 200 limited company clients. Notable hires include client FD Daniel Morris, FC Adam Betts, FC Aaron Clarke, digital accountant Stacy Shaw, and executive assistant Becci Woolhouse. Recent clients, Simoda, Sewell Morris, and Fan Cave Memorabilia, contribute to Gravitate nearly 200 clients. The expansion aligns with the firm’s commitment to digital practices and disruption in the accountancy sector, aiming to provide strategic financial value to clients amid regulatory changes.

Grant Thornton UK LLP has appointed Richard Thomas as head of Public Sector Financial Reporting and Accounting Support Services. With 22 years’ experience, Thomas specialises in supporting public sector finance functions, focusing on technical accounting, financial reporting, and process improvement. The new service offering aims to provide specialised advice and additional capacity for finance teams dealing with complex challenges. Grant Thornton emphasises its commitment to the public sector and adapting to evolving client needs amid growing complexity in public sector accounting.

The Financial Reporting Council (FRC) has released targeted and digitally accessible guidance to support companies applying the UK Corporate Governance Code 2024. The guidance, user-friendly and non-prescriptive, links to examples of good practice and questions to aid effective implementation of the Code’s Principles and Provisions. The FRC emphasises its role as a helpful resource, separate from the Code, encouraging thoughtful discussions and decision-making. The guidance covers sections aligning with the Code, focusing on areas like board leadership, company purpose, composition, audit, risk, and remuneration, reflecting the FRC’s commitment to stakeholder input.

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