Keep up with the latest finance and accountancy news in our weekly round-up…


Almost half of UK firms could run out of money within six months

Almost half of UK businesses are within six months of running out of cash, according to the latest official snapshot of how firms are faring.

Coronavirus ‘could cost global economy $8.8tn’ says ADB

The conronavirus pandemic could cost the global economy between $5.8tn and $8.8tn, according to the Asian Development Bank (ADB).

Trump says companies could be forced to follow US accounting standards

The US government is thinking about imposing stricter requirements on Chinese companies listing on the US stock exchange as President Donald Trump ramps up pressure on China amid the coronavirus pandemic.

Carillion auditor KPMG faces £250m negligence lawsuit

KPMG is facing a £250m lawsuit for alleged negligence in its audits of Carillion before it collapsed in 2018.

EY offers virtual internships due to Covid-19

EY has stated that as interns represent the future of EY and the workforce, the firm has pledged to honour its long-standing commitment to internships, despite the disruption by the coronavirus.

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