When a company faces severe cashflow issues, it is not always the end of the road for the business. Hasib Howlader, director at Hudson Weir, explains the pros and cons of administration from cost implications to the role of the insolvency practitioner

Five months into his job as head of the Financial Reporting Council (FRC), Sir Jon Thompson sets out his vision for the future of the audit regulator, the challenges of reforming the market from joint audits to splitting up the Big Four and the timetable for the new Audit, Reporting and Governance Authority (ARGA). Sara White reports

The Financial Reporting Council (FRC) has contacted the Big Four firms to ask what contingency plans they have in place to handle audits for clients with offices in China, while ACCA postpones March exams in China