Keep up with the latest accountancy and finance news in our weekly round-up…

UK accounting firms criticised by watchdog for ‘unacceptable’ work

The accounting watchdog has hit out at the UK’s largest auditors, after its annual inspection uncovered an “unacceptable” number of poorly executed company audits.

AQI 2020: A third of PwC audits needed improvements

A third of the PwC audits reviewed by the Financial Reporting Council int his year’s audit quality inspection were judged to require improvement.