Parliamentary Committee Recommends against Standard Financial Statement

Parliamentary Committee Recommends against Standard Financial Statement

The Scottish Parliament’s Economy, Energy and Fair Work’s Committee have now released their Report into the Scottish Government’s draft Common Financial Tool Regulations. The recommendations of the Committee are that the Scottish Government should not re-lay the Regulations until there has been: A full review of the use of the Common Financial Tool, including Engagement […]

Standard Financial Statement: Is it fit for purpose in Scotland?

Standard Financial Statement: Is it fit for purpose in Scotland?

The Credit Services Association (CSA), a trade body that represents debt recovery and purchase organisations, has raised its concerns that new guidelines for the Standard Financial Statement (SFS) may exacerbate the position many consumers find themselves in when struggling with problem debts. The Standard Financial Statement, which the Accountant in Bankruptcy (AIB) have recommended be […]