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KPMG reports 8% growth globally for FY16

KPMG international reported 8% growth in revenue to $25.4bn the year ending 30 September 2016. Growth was driven by advisory work in the Americas and Asia Pacific.

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TCFD recommendations for climate related disclosure released

The Task Force on Climate-related Financial Disclosures (TCFD) has published its first set of recommendations, which focuses on voluntary, decision-useful, climate-related disclosures required as part...

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Sustainability reporting and corporate governance round up

Latest news in sustainability reporting and corporate governance

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Grant Thornton UK reports 2.5% growth for FY16

Grant Thornton UK reported 2.5% growth in revenue in the year ending 30 June 2016, up to £534m.

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Reputation and cost top companies’s concerns when it comes to tax

Companies are concerned about the increased tax disclosure requirements and their impact on costs and reputation according to a global survey by Taxand.

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Businesses are starting to see the impacts of Brexit, according to new survey

Following the Brexit referendum, the UK is now a less attractive investment destination according to 41% of 700 European business leaders surveyed by the European Business Awards on behalf of RSM.

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Trump nominates Jay Clayton as new chairman of SEC

President-elect Donald Trump has announced the nomination of Jay Clayton as the new chairman of the USA Securities and Exchange Commission (SEC). Pending the USA Senate confirmation, Clayton will take...

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Grant Thornton International reports 3.3% growth in revenue

Grant Thornton announced a total global revenue of US$ 4,789m for the financial year ended 30 September 2016, up 3.3% from FY15.

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News brief: Belarus adopts IFRS and IAS

Belarus has adopted IFRS and IAS effective 1 January 2017.

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News brief: ACCA and Morison KSi sign MoU

The Association of Chartered Certified Accountants (ACCA) and Morison KSi have signed a Memorandum of Understanding (MoU).

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IFAC endorses integrated reporting as the way forward for corporate reporting

IFAC has issued an updated paper on corporate reporting outlining its position that integrated reporting is the way to achieve a more coherent corporate reporting system, but some stakeholders while...

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Malta’s EU presidency’s priorities in financial services and taxation

Malta has set a list of priorities for its presidency of the EU Council running from 1 January to June 2017. This includes a significant list of projects related to financial services and taxation.

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EU Commission publishes a study on green bond calling for greater...

The EU commission has published a study on green bonds which looked at the extending the accounting and disclosure requirements of green bonds to other non-green bonds as one way to harmonize green...

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EY launched borderless advisory services across Africa, India and the Middle...

EY has announced the creation of a borderless advisory services across Africa, India and the Middle East (AIM) offering its clients access to 7,000 consultant and 280 partners from EY member firms in...

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News brief: International Valuation Standards Council launches new global...

The International Valuation Council (IVSC) has launched new global standards, IVS 2017, for the valuation profession.

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Big Four merry go round in Spain

KPMG in Spain hired a team of 70 consultants from fellow big four firm EY who were working on advisory projects for listed energy company Gas Natural, formerly audited by PwC.

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Nigerian president dissolves the board of the national regulator

The President of Nigeria’s Federal Government Muhammadu Buhari, suspended the application of the national Corporate Governance Code and dissolved the board of the Financial Reporting Council (FRC) of...

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News Brief: Hong Kong signs tax agreement with South Korea

Hong Kong has signed a tax agreement with South Korea following on similar agreement with Japan and the UK to provide automatic exchange of financial account information in tax matters in 2019.

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BT restates revenue loss following KPMG independent review

Following an accounting scandal in its Italian business, BT Group has announced a write down of £530m ($661m) on its balance sheet.

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London School of Business & Finance signs partnership with PwC

The London School of Business and Finance (LSBF) has signed a partnership with PwC Central and Eastern Europe (CEE) to become the official provider of ACCA tuition material for the PwC CEE Academy.

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