USA and Asia Pacific businesses lagging behind in BEPS implementation
Businesses in the USA and Asia Pacific are lagging behind their counterparts in Europe and Latin America in terms of preparation for the OECD Base Erosion and Profit Shifting (BEPS) project...
View ArticleLeo Messi given two-year suspended sentence as court found him guilty of tax...
Barcelona FC player Leo Messi and his father have been found guilty in the court case followed against them for tax fraud, Spanish media has today reported.
View ArticleComment: Big Four, big winners of Cameron’s Brexit gamble
The Big Four accountancy firms are already tipped to be hired by the government to assist in future trade negotiations. Now that the UK seems to be exiting the EU, would they also try to bring down...
View ArticleIAB new African surveys
International Accounting Bulletin published a series of new survey on countries across Africa. On top of the usual ranking of global networks and associations in those countries our magazine asked...
View ArticleUK accounting firms take first steps to advise clients on Brexit
As the results of the recent UK referendum on European Union membership has provoked a shock on the market place and created a high level of uncertainty for businesses, UK accounting firms have...
View ArticleNews brief: FEE’s template for CbC reporting, EFRAG and Korean standard...
As country by country reporting (CbCR) of tax information picks up momentum through a series of initiatives internationally, the Federation of European Accountants (FEE) has released a template...
View ArticleNews brief, appointment: Global Reporting Initiative, BDO, and IFRS committee
Eric Hespenheide was appointed interim chief executive of the Global Reporting Initiative, following Michael Meehan’s decision to leave the organisation.
View ArticleCIPFA and EY partnership to offer local authorities accounting services
The Chartered Institute of Public Finance and Accountancy (CIPFA) and EY will team up to produce fully compliant accounts for local authorities.
View ArticleDeltour’s trial unfortunate says newly elected chair of the EU Panama Papers...
Following the approbation of the European Parliament last June to establish a Panama Papers Inquiry Committee, the 65 members of the committee has elected its chair, Werner Langen, and four vice-chairs.
View ArticleNews brief, appointments: PwC Africa Business Group, IVSC, CCAB, CIPFA, IFRS...
Joel Segal, partner and chair of PwC’s Africa Business Group, has been appointed as chair of TheCityUK’s Sub-Saharan Africa Market Advisory Group.
View ArticleIESBA aims to raise the ethical bar for accountants with new standard
The International Ethics Standards Board for Accountants (IESBA) released a new standard, which sets out a framework to guide auditors and other professional accountants on what actions to take when...
View ArticleMixed views on the future of corporate reporting
Responses to the Federation of European Accountant (FEE) paper on corporate reporting reveals disparities of views as to where the field is heading.
View ArticleOECD to present criteria for yet another (empty) list
The Organisation for Economic Co-operation and Development (OECD) will present to the G20 finance ministers and central bank governors meeting a list of criteria to identify jurisdictions...
View ArticleBDO USA reports over 20% growth for third consecutive year
BDO USA total fee income has increased 22.9 % in the year ending June 30, 2016, up to $1.29bn.
View ArticlePwC and Grant Thornton caught by Parliament’s BHS report
The accounting profession has been shaken yet again by another scandal, which implicates major industry stakeholders in the latest BHS case.
View ArticleEU audit reform instigator appointed Brexit negotiator
Michel Barnier, former vice-president of the European Commission (EC) and former French minister, has been appointed chief negotiator in charge of leading the commission taskforce for the preparation...
View ArticleHalf of listed companies worldwide use IFRS
A Little over 50% of domestic listed companies on the 85 major securities exchanges in the world use IFRS, according to the latest figures released by the IFRS Foundation.
View ArticleUK Treasury Committee points the finger at FRC on HBOS/KPMG audit investigation
The UK Parliamentary Treasury Committee has released their final report regarding the failure of British bank HBOS, in which the Financial Reporting Council (FRC) is criticised for its alleged “lack...
View ArticleFRC releases revised version of audit firms governance code
While aiming to enhance transparency and improve engagement between firms, investors and independent non-executives, the code will serve as a benchmark of good governance practice against which audit...
View ArticleAccounting expertise key component of businesses’s growth, research...
A literature review commissioned by IFAC has demonstrated that accounting expertise leads to superior performance and development for businesses.
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