Law and regulation

Audit / PwC fails to ward off multimillion negligence claim

PwC has failed in a High Court bid to ward off a pending multimillion euro negligence claim against the Big Four firm

Insight / Welsh environmental charity investigated over reporting

The Charity Commission has opened a new statutory inquiry into CWM Harry Land Trust Ltd, an environmental charity whose objects also include the education and rehabilitation of prisoners and ex-offenders, amid concerns about reporting failures

Insight / Essential tips for SMEs to get ready for Brexit

The government is ramping up its advice for companies as Brexit departure date looms with advice on employee status, professional qualification recognition and data requirements

Insight / Charity trustees spent £68K outside its remit

A Charity Commission inquiry has found that trustees of Aid and Peace Trust were responsible for misconduct and mismanagement, after they failed to show how charitable funds were used and acted outside the charity’s stated objects, and the charity has been removed from the register

Insight / Nine million middle aged employees ignorant over pension plans

Survey reveals shocking lack of understanding among mid-lifers over how much they need to retire in comfort or even how much they currently have saved in their pension plans

Accounting / Directors’ duties when trading through insolvency

Suzanne Jones, partner at Seddons, examines the consequences for directors working in the 'twilight zone' when companies are teetering on the edge of insolvency and what they need to consider if they continue to trade

Insight / FCA acts on dubious claims management ads

The Financial Conduct Authority (FCA) is clamping down on advertising by claims management companies after a review found widespread poor practice

Insight / No-deal Brexit impact on mergers and anti-competition activity

The Department for Business, Energy and Industrial Strategy (BEIS) has published guidance on how merger reviews and investigations into anti-competitive activity would be affected in the event of a no deal Brexit later this year

Insight / Regulators warn 5m at risk over pension scams

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) are joining forces this summer to warn the public about fraudsters targeting people’s retirement savings

Insight / Ryanair ordered to repay €8.5m of illegal state aid

The European Commission has ordered France to force Ryanair to return €8.5m (£7.8m) of support the Irish airline received for using Montpellier airport, which it has ruled amounted to illegal state aid

Insight / Call to improve People with Significant Control register

The People with Significant Control (PSC) register at Companies House could be a more powerful tool for financial investigations with a few changes to how it collects and organises information, users have said

Insight / Interim manager at religious charity with ‘significant losses’

The Charity Commission has appointed an interim manager to Mountain of Fire and Miracles Ministries International, after the regulator identified ongoing governance issues at the charity

Audit / Audit firms to report to FRC on staff misconduct

From October, the six largest audit firms will be required to provide the Financial Reporting Council (FRC) with regular updates on any instances of bullying and harassment, and details of action taken, in the wake of a series of scandals involving senior staff

Insight / Crackdown on companies rebranding to avoid pension payments

The Pensions Regulator (TPR) has announced a crackdown on employers that try to dodge their workplace pension duties by changing their company name

Insight / US regulators hit Equifax with $700m data breach fine

Equifax is the latest multinational to face record-breaking fines for data protection breaches after the credit rating specialist agreed to pay up to $700m (£563m) in a settlement with the US Federal Trade Commission (FTC)