Scottish Parliament Recommends against Standard Financial Statement

Scottish Parliament Recommends against Standard Financial Statement

The Scottish Parliament’s Economy, Energy and Fair Work’s Committee’s latest recommendations are that Scotland does not adopt the Standard Financial Statement in 2019/20 as the Common Financial Tool and instead continues with the Common Financial Statement for another year. The Common Financial Tool is the mechanism with which it is decided how much Scottish consumers […]

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 […]