The quality of audit work at the Big Four has improved with EY and PwC both turning around their performance, but consistency is a problem and there is still a reticence to question management robustly, FRC inspectors find. Here we review the AQI reports on the Big Four 

A London construction company has lost an appeal over recovery of nearly £1m in input tax as transactions linked to fraudulent invoices and Kittel fraud

In this week’s Q&A, Rickie Lowery CTA, tax adviser at Croner-i VIP Tax Team, explains the tax reliefs available if the value of shares collapse and business goes bust