Stationery chain Paperchase has collapsed with 820 staff likely to lose their jobs as Tesco buys the brand and intellectual property

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

Charities are calling for more automation of the Gift Aid claims system to reduce red tape and stop repetitive entering of donor details 

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

The Insolvency Service is now banning around 35 directors per month for Covid support scheme abuse, almost treble the previous year, although few lead to convictions

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

A duo of directors who fraudulently claimed bounce back loans have been given suspended prison sentences

In this week’s accountancy career moves, partner promotions and hires at Crowe, Lubbock Fine, Forensic Risk Alliance, Kilsby Williams, RSM, Azets

TaxAssist Group has launched a financial services company to extend its range of services beyond accounting, payroll and tax