The Pensions Regulator (TPR) has launched enforcement action against Sir Philip Green and other former bosses of BHS over the £571m pension deficit, following the collapse of the retailer in April 2016 after it was sold for £1

The extension of the 100% first year allowance (FYA) for businesses purchasing ultra low emission vehicles is to go ahead but the threshold for lease rental restrictions will be lowered

The Charity Commission has issued two fundraising rules as part of the Charities Act requiring charities to include further information on fundraising practices in their annual reports as well as in written agreements with professional fundraisers, which came into force 1 November

The International Accounting Standards Board (IASB) has released details of its five-year plan for 2017-21 confirming that the conceptual framework and revised IFRS for insurance contracts will be priorities

The frequency of auditor changes among the FTSE 100 is beginning to slow, according to Big Four advisers taking part in Accountancy’s FTSE 100 Auditors Survey

Around two thirds of administration cases carried out within the last five years have failed to save the business on a long term basis with only 10% of cases exiting administration and remaining active, according to research form Opus Restructuring

Shaw Gibbs has acquired London-based accountancy firm Cooper Murray allowing it to extend its offering to clients based in the city, further developing its London operation

As the FTSE 100 continues to revolve their audit contracts around the Big Four, the 70% cap on non-audit services is creating additional pressure for audit firms as they attempt to clean up their billing and divest of potential areas of conflict. The question for the boards of the major accountants is how the cap will affect future growth, says Sara White, editor of Accountancy

With a record number of audits in the FTSE 100 switching auditor firms, Philip Smith considers the impact on fee levels, the non audit services (NAS) cap and a slowing volume of tendering activity, as the Big Four audit firms continue to dominate the listed market

The volume of mid-market mergers and acquisition (M&A) activity is set to increase over the next 12 months with concerns about Brexit failing to dent overall confidence levels, according to a survey of global M&A advisers

The Treasury has given final approval to the revised code of conduct for tax advisers and accountants, the Professional Conduct in Relation to Taxation (PCRT), due to come into force from March 2017 following a three-month delay

Over 125 institutional investors have filed a £110m legal claim against Tesco following claims that they have lost money as a result of the supermarket giant’s accounting scandal that happened in October 2014