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Like other retailers, Topshop owner Arcadia has been hit hard by Covid-19 restrictions. Photograph: TOLGA AKMEN/AFP via Getty Images

Arcadia Group, the retail empire controlled by Philip Green is likely to file for administration in the UK as early as next week, putting 13,000 glob(...)

The watchdog said KPMG failed to obtain and document sufficient audit evidence in relation to supplier-funded rebates

Britain’s accounting watchdog fined KPMG and a senior partner on Thursday for failing to challenge what a client was telling them about certain comple(...)

KPMG said no decision had yet been made on a potential sale of its British pensions advisory business. Photograph: Mike Blake/Reuters

KPMG has put its British pensions advisory business up for sale at a time when the Big Four accounting firms are under immense pressure to reduce conf(...)

Philip Green, whose debt-stricken clothing empire Arcadia Group has been awarded a “lifeline”. Photograph: Benjamin Norman/New York Times

Topshop boss Philip Green once had to apologise to the Irish. The brash retail magnate had suggested to the Guardian that the Irish were illiterate. “(...)

The country’s competition watchdog has said the audit practices of the Big Four must have their own management

Britain’s “Big Four” accounting firms must ringfence auditing from their consultancy work, the country’s competition watchdog said on Thursday in a r(...)

European Union and British reforms introduced in the past two years to increase audit market competition ended up with companies switching between the Big Four rather than hiring smaller rivals. Photograph: iStock

Britain needs a new watchdog to shake up the country’s “Big Four” accounting firms and reduce their dominance of the market for auditing companies’ bo(...)

“Our aim is to keep at least 80 per cent of the stores open,” Liam Rowley, Sports Direct’s head of strategic investments, told Bloomberg in an interview.

Sports Direct International Plc says it will continue to operate most of House of Fraser’s 59 department stores in the UK and Ireland after acquiring (...)

The FRC code seeks to make company boards more diverse. Photograph: iStock

Companies in Britain must strive to rein in excessive executive pay and make boards more diverse under a new “short and sharper” corporate code, publi(...)

PwC said it was “sorry” that its audit work on BHS fell below the expected professional standards. Photograph: Getty

The UK’s accounting regulator has censured PricewaterhouseCoopers (PwC) and fined it £6.5 million (€7.4 million) over the group’s audit of UK retailer(...)

Carillion has said it must raise £125 million from disposals over the next 12 months.

UK contractor Carillion is in talks with a host of Middle Eastern construction companies to sell a chunk of its overseas business as it embarks on a r(...)

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