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

 

Rishi Sunak extends Covid job furlough scheme until March 2021

Rishi Sunak has been forced into a U-turn over the government’s flagship job support scheme as he announced an extension of the furlough programme until March next year.

EU Commissioner Breton sees 50/50 chance of Brexit deal

There is a “50/50” chance that Britain and the European Union will be ale to reach a deal over the terms of Britain’s exit from the bloc, EU Internal Market Commissioner Thierry Breton said on Friday.

German regulators slammed over Wirecard failures

Germany’s supervisory system for financial reporting has been heavily criticised for its failures in handling problems at Wirecard, the German fintech which become embroiled in an accounting scandal and went into administration owing €3.5bn.

PwC to take over from KPMG as M&G’s external auditor

Investment management firm M&G has appointed PwC as its external auditor for the year ending 31 December 2022.

Deloitte Legal announces ‘milestone’ acquisition of London firm

Deloitte Legal today established itself as flag carrier of the Big Four accountants’ march in to legal services by announcing the acquisition of London technology and digital media specialist Kemp Little.

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