The International Accounting Standards Board (IASB) has issued a narrow-scope amendment to the transition requirements in IFRS 17 Insurance Contracts, providing insurers with an option aimed at improving the usefulness of information to investors on initial application of the new standard

KPMG has signed a deal to sublease its Mayfair private members club to the flexible workplace provider Fora for the remainder of its lease

Big four firm EY has expanded its consulting business with the acquisition of financial planning consultancy, PeakEPM

The priorities for IFRS in the next year include projects to review primary financial statements, post-implementation reviews and goodwill and impairment, according to the International Accounting Standards Board (IASB)

Total tax revenues across the UK dropped by £33.4bn last year, according to the annual revenue release from the Organisation for Economic Co-operation and Development (OECD)