Virgin Atlantic lenders appoint Deloitte & more…Keep up to date with the latest accountancy and finance news in our weekly round-up…
The UK accounting watchdog is investigating audits carried out by PwC and KPMG of Eddie Stobart, the UK logistics and haulage company that came close to collapse last year.
A syndicate of lenders to Virgin Atlantic has appointed Deloitte to advise on their financial exposure in the event of a restructuring of the airline, according to reports.
The multimillionaire founder of Matalan is suing his accountants for allegedly giving him ineffective tax avoidance advice – weeks after his retail empire received tens of million of pounds of taxpayer support during the Covid-19 pandemic.
Three former partners at KPMG agreed on 18 May to temporary suspensions from public accounting roles over cheating on training exams, the Securities and Exchange Commission said.
EY is introducing a dedicated UK head of accounting in a move that falls short of calls from lawmakers for top accounting firms to run auditing as a standalone business to improve standards.