Keep up to date with the latest accountancy and finance news in our weekly round-up…

 

One in three UK firms plan for Brexit relocation, IoD says

The Institute of Directors warned that 29% of firms in a survey of 1,200 members believed Brexit posed a significant risk to their operations in the UK.

Oddbins off-licence chain calls in administrators

Administrator Duff & Phelps (D&P) has been appointed to run the business while they attempt to find a buyer.

PwC, EY join KPMG in banning consulting for audit customers

Two of the Big Four accounting firms will stop offering consulting services to audit customers in an effort to restore public trust in the sector.

Italy falls into recession as quarterly GDP drops

Italy has become the first major European economy to face a technical recession in five years while Germany is expected to narrowly avoid recession.

New Grant Thornton boss clashes with MPs over audit expectations

Grant Thornton’s new chief executive clashed with MPs over whether his firm should detect fraud at companies in audits.

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