Keep up with what has been happening this week in our latest accountancy news round-up…

EY’s Global Vice Chair of Tax speaks about the tax profession and career highlights

In an interview with Accountancy Age, Karen Barton, Global Vice Chair of Tax at EY reflects on her careers and speaks about the skills you would need to pursue a tax career and the lessons she has learnt from starting out as an intern to achieving her current position.

Government responds to Redmond Review recommendations

The Ministry for Housing, Communities and Local Government have agreed to Sir Tony Redmond’s independent review of local authority audit and financial reporting and support the recommendations put forward with some reforms starting in 2021.

EU’s chief Brexit negotiator said trade talks in crucial moment as pound drops

The pound has gone down 0.6% against the dollar and sterling has gone done 0.3% against the Euro after EU’s chief Brexit negotiator, Michael Barnier has said that trade talks were in a ‘crucial moment’.

The Financial Conduct Authority issues £9m fine to Charles Schwab UK

Charles Schwab’s UK business has been fined nearly £9 million by the Financial Conduct Authority (FCA) for making a false statement to the FCA and failing to protect client assets.

RSM and Mazars pay back furlough money

RSM has decided to pay back £4.4m furlough money to the government as well as challenger firm Mazars who have also paid back the £1.1m they have used from the furlough scheme.