Keep up with what’s been happening this week in our accountancy news round-up…

 

Government borrowing hits five-year high amid election spending vows

Government borrowing has risen to its highest October level in five years amid evidence that the slowing of the economy, increased spending and Brexit preparations have taken its toll on Britain’s finances.

Prince Andrew: Accountancy firm KPMG pulls support for royal’s business project amid Epstein scandal fallout

Accountancy firm KPMG has ended its support for one of the Duke of York’s pet projects as controversy rages over his relationship with billionaire sex trafficker Jeffrey Epstein.

PwC snaps at £1.5m ITV audit contract

FTSE 100 broadcaster and media giant ITV has appointed PwC as auditor from 2021 replacing Big Four rival KPMG.

IFAC board has female majority for first time

The International Federation of Accountants (IFAC) is setting an example for the global accountancy profession on the gender diversity front – five of its eight board members are now women.

Deloitte hands control over UK auditor to pay to non-execs

Deloitte has given a final say over the pay and bonuses of its auditors to its non-executive directors in a first for the accounting sector, as the Big Four firms seek to fend off demands they should be broken up.

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