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

 

RBS report branded ‘whitewash’ by MPs

A report by the financial watchdog, which recommends no further action against the Royal Bank of Scotland’s controversial restructuring business, has been called a “whitewash”.

UK economy should weather Brexit uncertainty, says ICAEW

Britain’s economy should be able to bear the burden of continued uncertainty, even though it continues to affect business and consumer sentiment, says the ICAEW in its latest economic forecast.

Mazars wants new audit qualification

Challenger firm Mazars has told Sir Donald Brydon that making audit fit for the future will require a new chartered auditor qualification and an independent body to monitor the market’s response to stakeholders’ needs.

Arcadia to cut head office jobs after staving off collapse with rescue plans

Arcadia is cutting 170 jobs at its main offices a day after Sir Philip Green’s retail empire avoided collapse by securing backing for a rescue restructure.

EY board majority female with Belton appointment

Changes to EY’s senior leadership team mean that the firm’s board is now majority female, with six of the 10 positions held by women.

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