Modest proposals will not make the audit process any more watertight

Andrew Tyrie’s report recognises the value of more competition, but tinkering at the edges won’t make it happenCompanies go out of business all the time, but big companies should be an exception. They have responsibilities to the communities where they…

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Watchdog calls for UK’s big four accountancy firms to be split up

Competition regulator says huge outfits should also have to work with smaller rivalsThe “big four” accountancy firms could be partially split up and forced to work with smaller rivals, under proposals made by the competition watchdog following a number…

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Standard Chartered fined $1.1bn for money-laundering and sanctions breaches

Settlements with US and UK authorities force bank to take hit in first-quarter results The British bank Standard Chartered has been ordered to pay $1.1bn (£842m) by US and UK authorities to settle allegations of poor money-laundering controls and sanct…

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Yes, hold tech giant bosses to account, but this is just the easy bit | Nils Pratley

Sajid Javid is going to find that ensuring accountability is a lot tougher than dealing with banksThe home secretary, Sajid Javid, as he pushes the idea that senior executives at technology firms should be held personally responsible for distributing h…

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