KPMG has reported a record 16% rise in revenue from £2.35bn to £2.72bn as partners earned £757,000, for financial year ended 30 September 2022

The Financial Reporting Council (FRC) plans to monitor auditors more closely to make sure they are correctly following ESG reporting requirements in company audits, as many firms admit widespread confusion

Regional airline Flybe has gone into administration with the majority of staff losing their jobs, just two years since the company was rescued by private equity investors

The level of mergers and acquisitions (M&A) activity in 2022 slowed down from its record-setting 2021 activity to pre-pandemic levels, with economic headwinds affecting the volume of deals completed

With supply chain problems, war in Europe and an increasingly uncertain economic outlook, Devi Shah, partner, and Chris Street, senior associate in Mayer Brown’s restructuring team, explore the options for companies experiencing financial distress

Accountants around the world have indicated that confidence levels were steady in Q4 2022, with many hinting that a global recession could be avoided

Chancellor Jeremy Hunt has outlined plans to boost the UK economy while stressing that tax cuts will not happen until inflation is under control

ICAEW’s latest Business Confidence Monitor (BCM) shows that business confidence continues to plummet, following difficult economic conditions and falling customer demand

The government is introducing an offence of failure to prevent false accounting or fraud in the Economic Crime Bill

A car dealer has been disqualified as a director for 11 years after fraudulently taking a £50,000 bounce back loan

Authorities and banks blocked £305m in proceeds from money laundering, with a total of 83,000 defence against money laundering (DAML) notices issued in 2022

The UK Investment Bank was created in a rush at ministers’ insistence, which meant it operated with weak financial governance and very close to the Treasury for its first year