EY is delivering closing arguments in the High Court where it faces a £2bn negligence claim related to its audit work for collapsed NMC Health hospital group, with expert witness stating journal testing was ‘shocking and unacceptable audit practice’ 

Companies House plans to update legacy IT systems as a priority, improve investigation capability and tighten up registration requirements for limited partnerships

The government plans to go ahead with overhaul of Financial Reporting Council, giving it more powers and holding directors to account with new civil sanctions, and dropping ARGA name