ICAEW’s total income for 2016 was £106.7m, £5.1m higher than the previous year, and the retained surplus after tax for the year was £11.3m, compared to £6.9m in 2015, according to the institute’s latest annual report

FTSE 100 consumer health giant Reckitt Benckiser Group has announced plans to change auditor with the announcement that KPMG will replace PwC from 2018

The US team which revived the Andersen brand to form Andersen Tax has won another legal battle against other pretenders to the name, after a court in India ruled against two international firms for illegally infringing its trademark rights

Retail Acquisitions Ltd (RAL), the company owned by Dominic Chappell and used in his controversial purchase of the fashion chain BHS, has gone into liquidation

UK job vacancies are on the rise as competition for jobs cools, while wages are only slowly edging upwards, according to research from Adzuna which identifies the accounting and finance sector as one of the top three for growth

Shareholder advisory firm Institutional Shareholder Services (ISS) has joined calls for an independent audit of governance issues at Deutsche Bank, including whether senior management obstructed the Financial Conduct Authority (FCA) investigation into the bank’s manipulation of the Libor and Euribor interest rates

Final legislation covering the new rules regarding the reporting of payment practices has been published, under which large companies are required to publish certain information twice per financial year about their practices, policies and performance in relation to paying suppliers, in a bid to tackle late payment issues

Mid tier firm BDO has moved up to share the top spot with KPMG in the rankings of audit firms advising AIM clients, according to the latest quarterly listing from Adviser Rankings Ltd.

The US Senate has confirmed that Jay Clayton, a Wall Street lawyer nominated by President Trump, is to be the next chairman of the Securities and Exchange Commission (SEC), following the resignation of Mary Jo White at the beginning of the year

The Financial Reporting Lab has published a framework covering the 12 characteristics fundamental for future digital reporting, which marks the first report from its digital future project set up to address concerns that the use of technology in corporate reporting is not meeting its full potential

The number of company directors receiving bans exceeding five years for corporate wrongdoing increased 8% in 2016/17, reaching a six-year high, according to research from Moore Stephens

The work and pensions committee wants the next government to introduce an employment status of ‘worker’ and a roadmap for equalising the National Insurance contributions (NICs) made by employees and the self-employed in a bid to address ‘bogus’ self employment practices which it says are reducing the tax take and inflating the benefits bill