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

 

UK mall owner Intu heads into administration as debt talks fail

Intu Properties, the owner of Manchester’s Trafford Centre and Lakeside in Essex, said on Friday it was headed into administration after failing to reach a debt standstill deal with its creditors.

Wirecard files for insolvency amid German accounting scandal

German payments giant Wirecard has filed for insolvency in the midst of a major accounting scandal linked to a £1.7bn hole in its finances.

Auditor change: GE dumps KPMG for Deloitte

General Electric dealt the Big Four audit market a significant shakeup as it announced the appointment of Deloitte as its new independent auditor for fiscal year 2021.

EY and PwC face investigation over mini-bond audits

The UK’s accounting watchdog has launched three investigations into the audits of scandal-embroiled London Capital & Finance.

Deloitte cuts 7,000+ jobs in US, Australia and India

Deloitte could be set to offload more than 10,000 of its global staff in the wake of the coronavirus crisis.

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