UK accounting watchdog to get 80 more 'teeth'

LONDON (Reuters) - Britain's accounting regulator launched its biggest recruitment drive on Wednesday to hire 80 more staff as it transforms into a more powerful body to improve audit quality.The Financial Reporting Council (FRC) has been criticised by lawmakers for being "toothless" in its response to failures at retailer BHS and construction company Carillion, which collapsed with little warning to staff and investors.A government-backed review said last December the FRC should be replaced..