Audit Scotland has called for more transparency from the Scottish Government and other public bodies on how Covid-19 funding is being spent. Audit Scotland said…

The financial health of Scotland’s colleges has deteriorated, with overall income falling and the colleges’ underlying deficit increasing to £8 million, according to Audit Scotland’s annual…

The Scottish Government’s IT programme set up to deliver financial support to farms and rural businesses has been slammed in a report by Audit Scotland. The…

Significant changes are required to ensure the financial sustainability of Scotland’s health service, according to a report from Audit Scotland. The report said the Scottish…

Business and financial adviser Grant Thornton UK LLP has announced changes to its leadership team in Scotland, with Stuart Preston appointed new practice leader and three…

The head of the economic regulator of Scottish Water has left his job after Audit Scotland said it found “unacceptable use of public funds” by senior…

The 2021-22 audit of Ferguson Marine Port Glasgow (Holdings) Limited has highlighted “doubts over ferries’ costs, the future of Ferguson Marine shipyard and unacceptable bonus…

Audit Scotland has warned that faster reform of Scotland’s public sector is needed to protect services in the long term. “The Scottish Government is facing…

A report from Audit Scotland has slammed the “multiple failings” that have led to the massive delays and cost overruns that continue to obstruct the…

A joint report from Audit Scotland and the Accounts Commission has said that a detailed analysis of how almost £5 billion of Covid-19 business support funding was…

Flaws found in the way that Scottish Canals recorded and valued its assets meant that auditors could not give an opinion on its accounts, according to…

The Auditor General for Scotland Stephen Boyle has said the Scottish Government needs to take “urgent action” to ensure essential progress in improving how workforce…

A new report from Audit Scotland has said more clarity is required on private finance public infrastructure projects in Scotland. Audit Scotland said that currently,…

A new report from Audit Scotland says “City Deals” have been positive for Scotland’s economy but the Scottish Government “does not have a plan to…

The Auditor General for Scotland on Thursday criticized the financial reporting of the Scottish Government, saying it “has taken a step backwards at a time…

Claire Reid has been named PwC’s first female leader in Scotland, replacing Lindsay Gardiner who is stepping down from the role after seven years. Gardiner…

The Auditor General for Scotland has warned that the Scottish Government needs to show greater strategic leadership across the public sector to achieve its digital…

Scotland’s Auditor General Caroline Gardner warned in a new report that recruiting the skilled staff required for the Scottish government’s new financial and social security…

Audit Scotland’s annual review of the NHS said the health budget was £12.9 billion in 2016-17  — 43 per cent of the total Scottish Government budget…

The Auditor General for Scotland, Caroline Gardner, has sent a report to the Scottish Parliament on the “financial sustainability” of three colleges — Edinburgh College,…

The Scottish Government’s 10-year economic strategy “currently lacks collective political leadership and clear targets” according to a new report from Audit Scotland. The Scottish Government…

Scottish Government projections suggest it cannot afford to pay for public services in their current form, according to the Stephen Boyle, Auditor General for Scotland. Audit…

The Scottish Government no longer expects to have enough money to deliver all its planned £26 billion investment in public sector infrastructure, according to Audit…

Year end statistics from Highlands and Islands Enterprise (HIE) show it approved up to £63.2 million of investment in 489 projects by 313 clients during the…

Scottish Canals “urgently” needs to improve its financial reporting, according to Audit Scotland. The 2021-22 audit of Scottish Canals was carried out by Grant Thornton…

The Scottish Government spent £49.2 billion against a budget of £51.2 billion in 2021-22. “The total outturn underspend of £1,988 million does not represent a…

Scottish Environment Protection Agency (SEPA) chairman Bob Downes confirmed on Friday that chief executive Terry A’Hearn has stepped down and left his position “following conduct…

The Law Society of Scotland has announced that Diane McGiffen will be appointed as its new chief executive. She succeeds Lorna Jack, who will leave…

Wheatley Housing Group Limited — Scotland’s biggest social landlord — has announced that Alastair MacNish will retire as group chair at its AGM in September. The news…

Audit Scotland said the Scottish Government overspent its 2019-20 budget by nearly £700 million responding to the Covid-19 pandemic. Net spending for the year across…

Audit Scotland has slammed an IT project that ran into difficulties and has cost Scotland’s public sector pension body millions of pounds and “significantly” set…

The Auditor General for Scotland, Caroline Gardner, said in a new report the Scottish Government needs to increase the transparency of its financial reporting on…

More than £209 million of public money was spent on Scotland’s ferry services and assets in 2016-17, an increase of 115% since 2007-08, according to new…

Lloyds Banking Group — which owns Halifax and Bank of Scotland — said on Monday it appointed Professor Russel Griggs to review the cases of firms affected in…

The Scottish government’s finance secretary Derek Mackay has announced that Scottish local authorities will receive a total funding package of £10.426 billion for 2017-18. Mackay’s…

Audit Scotland said the Scottish Government and Highlands and Islands Enterprise (HIE) are making good progress in widening access to high-speed broadband — but that…

Spending by Scotland’s two public enterprise agencies — Scottish Enterprise and Highlands and Islands Enterprise — totalled £398 million in 2014-15, according to a report by…

Scottish Rugby announced that CEO Mark Dodson will step down in the summer of 2024. Dodson, who was appointed in September 2011, previously had his…

Royal London has announced big changes to its board as its two longest-serving non-executive directors, Ian Dilks and Sally Bridgeland, retire. Dilks was appointed to…

BT Group plc has announced the appointment of Glaswegian Allison Kirkby as its next chief executive. Kirkby will take over from Philip Jansen around the end…

Fast-growing Aberdeen headquarted accountancy group AAB said it has acquired professional services firm French Duncan in its largest acquisition to date. AAB Group now employs…

SSE plc, the Perth-based power giant, has raised its annual earnings expectations, helped by the strong performance of its flexible generation plant. Shares of SSE, the biggest listed…

Scottish Rugby has published its Financial Statements 2021-22 ahead of the second part of the organisation’s AGM on September 28, 2022. Scottish Rugby said its…

Glasgow-based global engineering and mining giant Weir Group said on Friday that Nicola Brewer and Tracey Kerr joined its board as independent non-executive directors with effect from…

Scottish Rugby has announced that chief executive Mark Dodson will continue in his role through to the summer of 2025. “The board of Scottish Rugby…

The Scottish investment sector is paying between 15% and 20% more in “retention salaries” just to keep hold of staff working in specialist finance and…

Deloitte announced the appointment of Angela Mitchell as its senior partner for Scotland, the first woman to hold the position. Mitchell has been office senior partner…

Scotland’s Anderson Anderson & Brown (AAB) has announced a merger with FPM, an all-Ireland independent accountancy and business advisory firm. AAB Group has grown rapidly…

McColl’s Retail Group announced on Tuesday it expects to request that its shares be temporarily suspended from June 1 after confirming “it will not be in…

Scotgold Resources Limited, the Australia-based gold exploration firm focused on Scotland, has announced big changes to its board. Scotgold said Sean Duffy, 52, joins the firm…

Baillie Gifford’s high-flying flagship fund, the £20 billion Scottish Mortgage Investment Trust plc, announced the appointment of Prudential plc chief financial officer Mark FitzPatrick as a non-executive director….

The £8 billion Lothian Pension Fund (LPF) said on Tuesday it paid out £194.3 million in pension benefits to 33,915 beneficiaries in 2020-21 compared to £185.8…

Glasgow-based Smart Metering Systems (SMS) said on Monday that its chief financial officer David Thompson will leave the group on March 31, 2021, “to pursue another…

The Auditor General for Scotland has said a subsidiary of Scottish Water may need between £47 million and £88 million in financial support due to…

The Scottish Police Authority (SPA) has improved how it operates but policing in Scotland is “not financially sustainable” says a new report by the Auditor…

Eight non-executive directors have been appointed to the board of the Scottish National Investment Bank ahead of its launch in the final quarter of 2020….

The £7.5 billion Lothian Pension Fund said on Friday it paid out £252.4 million to 31,500 pensioner members or their dependants in its 2019-2020 year….

Glasgow-based Virgin Money UK, owner of Clydesdale and Yorkshire banks, said on Thursday that Ian Smith is resigning as group chief financial officer (CFO) “to…

Scotland’s 19 universities face rising costs and funding cuts, and three of the country’s four “ancient” universities — Glasgow, Edinburgh and St Andrews — are…

Royal Bank of Scotland (RBS) said on Wednesday it expects to face a further charge of up to £900 million to settle a final compensation…

The Competition and Markets Authority (CMA) said on Friday it has taken action against Royal Bank of Scotland (RBS) and Santander after they “failed to…

Business advisory firm Grant Thornton has promoted Debbie Mayor, who leads its transaction advisory service team in Scotland, to director.  Based in the firm’s Edinburgh…

Scotland’s public spending watchdog has warned that most Scottish colleges are forecasting deficits in the next five years as the gap between their income and…

The Scottish Environment Protection Agency (SEPA) said on Monday it will “fully investigate suggestions of alleged industry wrongdoing” by BBC programme Panorama about Scotland’s salmon…

Incomes from commercial farms in Scotland rose 19% to £35,400 in 2017-18, the highest level in six years, according to the latest statistics published by…

Scotland’s Auditor General Caroline Gardner has found in a new report that Transport Scotland’s management of the Forth Replacement Crossing project “delivered value for money…

Scotland’s Auditor General Caroline Gardner has produced her annual report on Scotland’s colleges which shows the sector reported a £300,000 surplus in its underlying financial position for 2016-17…

The Scottish Fire and Rescue Service’s capital backlog of £389 million is “insurmountable” without investment and changes to how the service operates, according to a report…

Forth Ports said it has been given Authorised Economic Operator (AEO) accreditation by Her Majesty’s Revenue and Customs (HMRC) for its major ports on the…

Incomes from commercial farms in Scotland increased by around 94% in 2016-17 — but this rise simply reversed an alarming decline in the previous year. According…