The Department for Work and Pensions (DWP) has come under fire for its failure to tackle housing benefit fraud and error in a report from the National Audit Office (NAO), which says the department needs to establish clearer responsibilities and act sooner in tackling an estimated £1.4bn in overpayments

Tesco has suspended three more senior employees as part of its ongoing investigation into a £250m overstatement of the company’s profits, ahead of next week’s scheduled re-statement of the supermarket retailer’s interim results

Two UK and Australian accountancy professional organisations which both focus on small and medium sized accountancy practices and businesses are set to amalgamate, in order to create a stronger global presence for this sector

Half of entrepreneurs are having trouble raising finance despite signs of economic recovery, according to a survey of UK entrepreneurs by EY, while PwC has signed a deal with Funding Circle to help small companies raise finance through crowdfunding

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KPMG has release a detailed diversity profile of its staff which shows that women and BAME (Black, Asian and minority ethnic) employees are under-represented at the top levels of the firm, which has committed to a three-year plan designed to raise levels of diversity in the four areas of gender, ethnicity, disability and sexual orientation.

Andrea Bishop to head up BDO Bristol office as lead partner, Milsted Langdon has boosted team with insolvency and audit specialists, and KPMG names 102 new directors

The percentage of female directors on large European company boards has more than doubled over the past decade, with UK companies performing above average to reach the top five globally, although only 2.6% of board chairs are held by women, according to research by executive search specialists Egon Zehnder

After rave reviews in the latest blockbuster, Gone Girl, and soon to star as Batman in Batman v Superman, Hollywood star Ben Affleck is in the running for the lead role in the film The Accountant, which centres on an accountant who moonlights as an assassin.

Johnston Carmichael has strengthened its oil and gas team while EY boosts environmental team and Rickard Keen promotes tax specialst Jamie Nice