KPMG to manage Thomas Cook liquidation & more…Find out what’s been going on this week with our latest accountancy and finance news round-up…

KPMG to manage Thomas Cook liquidation

KPMG will manage the liquidation of more than 550 Thomas Cook high-street branches across the UK, while AlixPartners has been appointed the liquidation of the airline and tour operator companies.

PwC UK considers giving external body oversight of auditors’ pay

Big Four accounting firm looks to cut conflict of interest risk with consulting and head off calls for break-up.

Tilney and Smith & Williamson strike £1.8bn wealth management and professional services deal

Investment group Tilney and professional services firm Smith & Williamson said today they have agreed a merger which will create a combined business with an enterprise value of £1.8bn. The combined firm will be called Tilney Smith & Williamson and have revenue of approximately £500m and profit of around £150m, the firms said.

Trump sues Manhattan District Attorney and accounting firm Mazars over attempt to get tax returns

President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. and his long time accounting firm Mazars.