Big Four audit firm KPMG has been fined a record £21,420,000 for ‘exceptional’ and ‘seriously deficient’ audit work related to collapsed outsourcer Carillion as KPMG boss admits findings are 'damning'

Directors need to ensure they are complying with their duties but also protect their own position if the company eventually does fail, and accountants have a major role to play, explains Edward Starling, partner at Wedlake Bell LLP

The US Internal Revenue Service has sent IT giant Microsoft a bill for $28.9bn in back taxes related to the use of transfer pricing to lower tax over a nine-year period