Find out what’s been happening this week with our weekly Accountancy news round-up…

 

Wellbeing should replace growth as ‘main aim of UK spending’

Personal wellbeing rather than economic growth should be the primary aim of government spending, according to a report by the former head of the civil service and politicians.

EY appointed to assist British Steel administration

Members of EY’s restructuring team will assist the Official Receiver, who has been appointed as liquidator of British Steel.

UK audit watchdog proposes record £12.5million fine for KPMG

Britain’s accounting watchdog has proposed fining KPMG £12.5million for errors in checking whether BNY Mellon bank was complying with rules for safeguarding client assets.

EY and Thomson Reuters announce strategic alliance between Onesource and Tax Technology and Transformation services

EY and Thomson Reuters are joining forces in an alliance which brings together Reuters’ Onesource global tax technology with EY’s Tax Technology and Transformation (TTT) services.

Women make up only a quarter of executive boards at top accountancy practices

An online employee referral recruitment platform has analysed data from the top 25 accountancy firms in the UK and found that women make up just a quarter of the executive boards.

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