Accountants: Government to break up dominance of Big Four firms
Business Secretary Kwasi Kwarteng wants to restore confidence in business after high profile failures like Carillion. …
UK companies and directors also face curbs on dividend and bonus payments if there is misconduct, they publish inaccurate accounts, or have insufficient cash reserves. Directors of failed firms could also see their bonuses clawed back up to two years after a pay award is made, to clamp down on “rewards for failure”, the government added.
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