The National Audit Office (NAO) has published a scathing report on the rationale, costs and benefits of the government’s private finance initiative (PFI) which says there is still a lack of data available on the benefits of this approach to procurement, and warns it is difficult to establish whether it offers value for money

Nearly half a million businesses across the country ended 2017 in a state of 'significant' financial distress, a third more than at the same point in 2016, according to research from Begbies Traynor

Carillion’s creditors may receive less than 1p in the pound, as the collapsed outsourcing company revealed it had just £29m in the bank when it went into liquidation earlier this week, and has a £16m HMRC tax bill due at the end of the month

Administrators from Begbies Traynor have been appointed to the German subsidiary of a Keighley-based distributor of knitting yarns and patterns that ceased trading at the end of 2017, in a rare example of English administrators being appointed over a foreign company

RSM International saw revenues rise by 5.6% to $5.1bn (£3.7bn) in 2017, reporting growth in each of the network’s service lines and geographical regions and expanding into eight new countries

Over half of the UK’s biggest companies admit they are aware of unresolved compliance issues that are yet to surface to a regulator or the public, according to research by global law firm Baker McKenzie

The Financial Reporting Council (FRC) has indicated it is considering an investigation into the auditing of government outsourcing specialist Carillion, which has gone into liquidation putting thousands of jobs and dozens of complex infrastructure projects at risk

EU legislation has come into force designed to make it cheaper, easier and safer to make electronic payments and which, along with the UK’s new open banking requirements, paves the way for consumers to make direct comparisons between banking offers

Head of top five accounting firm Grant Thornton UK LLP, Sacha Romanovitch talks to Accountancy’s Sara White about the firm’s annual results, strategic investments in digital forensics and financial services, and the importance of taking a global view of Brexit

PwC has been appointed as the special managers to troubled outsourcing giant Carillion, which has announced it is going into compulsory liquidation with immediate effect, putting thousands of jobs and major government infrastructure projects, including the new HS2 high speed rail link, at risk

Meg Wilson CTA, tax writer at Croner-i, explains the key payment dates for corporation tax payments for the largest businesses with profits in excess of £1.5m as new rules reducing the payment period are set to come into force from 1 April 2019