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Top executives at companies hit by accounting scandals could lose their bonuses under U.K. proposals for beefed-up regulation after a wave of corporate collapses including Carillion Plc and travel firm Thomas Cook Group Plc.

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Bonuses are targeted in U.K. crackdown on audit scandals

The U.K.’s accounting regulator introduced fresh recommendations to put further distance between the Big Four accounting firms and their consulting arms ahead of their impending split.

U.K. watchdog puts more space between ‘Big Four’ units