Public sector accounting body CIPFA has taken on responsibility for conducting external assurance reviews into the effective financial management of councils  

For the tenth time, the Bank of England has increased interest rates, by 0.5% to 4% to the highest rate for 14 years

The number of businesses that went into insolvency last year surged to 22,109, the highest level since 2009, shows the latest Insolvency Service figures

Louise Hodges and Alun Milford, partners in the criminal litigation team at Kingsley Napley LLP, consider the latest proposals to introduce a failure to prevent false accounting offence

Worcester Warriors Rugby Club has been saved by new owners following a six-month administration process

Mid tier firm Cooper Parry has expanded with the acquisition and merger of two accountancy practices specialising in technology and start-up clients

The government is reviewing the payment practices regulations with a view to including the financial value of late payments instead of just the number of paid invoices

Software start-up Quantexa has won a £4m contract to provide specialist services to government departments to tackle and prevent fraud

Nearly 13,000 offshore companies owning own properties in the UK missed the deadline to declare their ownership details on the Register of Overseas Entities

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