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

 

Flybe: Government defends role as airline collapses two months after rescue deal

The government has defended its role in Flybe’s collapse, as business groups, trade unions and passengers around the country voiced dismay at the loss of the UK’s biggest regional airline.

IMF provides $50bn to fight coronavirus outbreak

The International Monetary Fund has announced $50bn of support for countries hit by the coronavirus.

Coronavirus: Price controls considered in UK to stop hikes in virus essentials

The competition regulator is considering whether to advise the government that price controls may be needed to prevent coronavirus outbreak profiteering.

Long awaited audit reforms could start this year, says audit watchdog boss

The long-promised reform of the UK audit sector could start this year with voluntary changes by the Big Four accounting firms, the audit watchdog said today.

KPMG spins off pensions unit to avoid audit conflict risk

KPMG has completed the disposal of its pensions practice in the first significant sale of an advisory unit by a Big Four accountant to combat enhanced security on auditing conflicts.

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