Keep up to date with the latest Accountancy news in our weekly round-up…

 

UK economy facing ‘heightened risk of recession’

The UK’s economy may have tipped into recession following a downturn in the dominant service sector, according to closely-watched figures.

Worst September in eight years for high street sales

Last month was the worst September on the high street in eight years as sales in bricks and mortar stores plummeted, according to the data published today by BDO.

US DoJ asks for temporary block in Trump tax case

The US Department of Justice (DoJ) has intervened in the long-running fight for Donald Trump’s tax returns, marking its first entry into the lawsuit.

FRC launches investigation into EY’s Thomas Cook auditing

Following the collapse of Thomas Cook, the regulatory body has launched an investigation into EY’s auditing practices within the travel company for the year ending 30 September 2018.

PwC earns record revenues, opposes market caps in UK

PwC earned $42.4 billion in global annual revenues with $3 billion going into bolstering skills over the next two years.

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