In its response to the Competition and Markets Authority (CMA) review, Grant Thornton has called for a ban on firms receiving non-audit fees from Public Interest Entity (PIE) clients however does not believe that splitting Big Four audit and non-audit practices will be an effective remedy

The Financial Reporting Lab has published guidance for companies on ways to improve the presentation of performance metrics in their reporting following criticism from investors about a lack of clarity and transparency

The Bank of England and Pay.UK is seeking applications from members of the payments industry wishing to join a newly created Standard Advisory Panel and help in the implementation of new transactional data standards

The chair of the work and pensions committee, Frank Field MP, is to meet later this month with Sarah Albon, chief executive of the Insolvency Service, to obtain further details regarding its refusal to reopen an investigation into the audit of BHS

Although there was a 26% increase in the number of accountants seeking jobs last month, there was a 7% drop in the number of vacancies with the amount of accounting jobs available decreasing 33% year-on-year, according to research from Morgan McKinley

Research by tax specialist Catax indicates that one quarter of businesses are unaware that they are eligible to claim tax relief under the Patent Box scheme, which provides corporation tax relief to innovators

The court of appeal has ruled that cash machines located both inside and outside stores should not be assessed for additional business rates on top of normal rates