Exeter-based independent regional airline operator Flybe has booked PwC as its new external auditor, replacing Deloitte which has reached the 10-year break point in its tenure of the role

Chris Pole and Mark Orton, partners from KPMG restructuring have been appointed joint administrators to The Quality Furniture Company Ltd, a furniture manufacturer employing around 271 staff

In a hard-hitting editorial, the Financial Times today branded the UK’s audit industry ‘a cancer in the body corporate’ and called for change

In our monthly roundup of developments in audit and governance, EY picks up £1.6m SIG audit from Deloitte, top director Melanie Hind leaves UK audit regulator, FRC launches shorter sharper governance code for UK PLCs, MPs pressure FRC over BHS audit findings

Emile Woolf FCA ponders whether this is the beginning of the end for the impartiality of accounting and auditing

The Financial Reporting Council (FRC) has concluded its investigation into Grant Thornton UK’s (GTUK) audit of Globo Plc, finding insufficient evidence of misconduct and advising that no further action be taken against the accountancy firm

The International Federations of Accountants (IFAC) has updated its guide providing practical support for small and medium-sized practices when implementing the international standards on auditing (ISAs) for SMEs

The Financial Reporting Council (FRC) is consulting on a revision of its UK standard ISA (UK) 540, Auditing Accounting Estimates and Related Disclosures, to respond to the move to accounting for financial instruments on an expected loss basis which is of particular significance for banks

Deloitte has held on to its position as external auditor for FTSE 100 DIY retailer Kingfisher in the latest round of auditor rotations

EY is set to replace KPMG at FTSE 250 global insurer Beazley from 1 January 2019, following a competitive tender process

The International Ethics Standards Board for Accountants (IESBA) has updated its global ethics code to strengthen rules to guard against accepting excessive inducements and hospitality, highlighting the importance of avoiding being put in a compromising situation