Important infrastructure including roads, hospitals and schools could return to the public sector in an unsatisfactory condition and services could be disrupted when a slew of private finance initiative (PFI) contracts end in five years’ time, because the government lacks a consistent and strategic approach to managing the financial risks involved, the National Audit Office (NAO) has warned

Troubled car dealership Lookers has announced a further delay in publication of its 2019 results, already deferred to the end of this month, and is seeking a new auditor after Deloitte revealed its intention to resign after 14 years in the role

The Financial Reporting Council (FRC) has closed its five-year investigation into accounting irregularities at Tesco, and has dropped plans to take any further disciplinary action regarding accountants working at the supermarket chain, having also earlier halted its probes into auditor PwC and ICAEW members