Steps Down

FRC’s executive director of supervision steps down

FRC has announced that Sarah Rapson, executive director of supervision at the Financial Reporting Council (FRC), is stepping down from her role later this year. Following her departure she will become chief executive of the Solicitors Regulation Authority (SRA). Rapson, who joined the FRC in 2021, also served as deputy…

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DSW Capital appoints new CEO designate

DSW Capital has announced that Shru Morris, who joined the group as deputy CEO in August 2024, has today been appointed CEO designate. Morris will succeed James Dow on 1 April 2025, when he steps down as CEO.  She is a highly experienced finance professional and CEO with a strong…

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ICAS chairman steps down amid Scottish Gov’t WhatsApp scandal

The Institute of Chartered Accountants of Scotland (ICAS) has announced Ken Thomson has stepped down as the chair of its Regulation Board. In a short statement ICAS said Thomson, who had only been in the position for a month, had resigned for “personal reasons” and that his resignation was accepted…

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Today’s news in brief – 23/11/2023

The accountancy sector has welcomed Chancellor Jeremy Hunt’s Autumn Budget, applauding the permanent extension of full expensing for businesses and a 2% cut in employee national insurance. ACCA sees it as a step toward stable economic growth, but concerns arise about fiscal drag effects due to unadjusted tax thresholds. Hunt…

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Wright Vigar appoints joint managing directors

Chartered accountants Wright Vigar has recently announced the appointment of James Sewell and Kevin Shaw as joint managing directors.  Sewell joined the firm in 2007 and became a director in 2010. He is responsible for teams at the Sleaford and Lincoln offices who support a wide range of clients in…

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Grant Thornton steps down as Cadogan auditor

Grant Thronton has stepped down as auditor of Cadogan Energy Solutions, an independent energy company, who has in its place appointed Moore Kingston Smith (MKS) to audit its accounts. The appointment of MKS will be subject to approval by shareholders at the company’s next annual general meeting. Grant Thornton confirmed…

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Liz Truss steps down as prime minister 

Liz Truss has announced that she is standing down as prime minister after a turbulent week for the government, just six weeks after taking up the premiership. The statement of her resignation was made at 13:30pm today (20 October) following a meeting between Truss and Sir Graham Brady, chairman of…

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KPMG steps down as Alliance Pharma auditor amid dispute

KPMG has stepped down as the auditor of Alliance Pharma following a “breakdown of the relationship” between the Big Four firm and the group. It comes as KPMG raised “concerns” regarding “aspects of the company’s approach to corporate governance relating to the preparation of the financial statements”. The concerns related…

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BDO appoints three new independent non-executives

BDO LLP has announced the appointment of Eamonn McGrath, Jane Guyett and David Matthews as the firm’s new independent non-executives (INEs) as the firm continues to focus on “quality, trust” and audit firm governance. McGrath has spent more than 30 years as an audit partner at EY, most recently on…

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Menzies appoints new managing partner

Menzies has announced that it has selected Simon Massey as its newest managing partner of the firm. The appointment comes as Julie Adams, the previous managing partner steps down following a nine-year tenure ahead of her retirement in 2023. With more than 30 years’ experience as a professional tax accountant,…

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