KPMG reports 8% growth globally for FY16
KPMG international reported 8% growth in revenue to $25.4bn the year ending 30 September 2016. Growth was driven by advisory work in the Americas and Asia Pacific.
View ArticleTCFD recommendations for climate related disclosure released
The Task Force on Climate-related Financial Disclosures (TCFD) has published its first set of recommendations, which focuses on voluntary, decision-useful, climate-related disclosures required as part...
View ArticleSustainability reporting and corporate governance round up
Latest news in sustainability reporting and corporate governance
View ArticleGrant Thornton UK reports 2.5% growth for FY16
Grant Thornton UK reported 2.5% growth in revenue in the year ending 30 June 2016, up to £534m.
View ArticleReputation and cost top companies’s concerns when it comes to tax
Companies are concerned about the increased tax disclosure requirements and their impact on costs and reputation according to a global survey by Taxand.
View ArticleBusinesses are starting to see the impacts of Brexit, according to new survey
Following the Brexit referendum, the UK is now a less attractive investment destination according to 41% of 700 European business leaders surveyed by the European Business Awards on behalf of RSM.
View ArticleTrump nominates Jay Clayton as new chairman of SEC
President-elect Donald Trump has announced the nomination of Jay Clayton as the new chairman of the USA Securities and Exchange Commission (SEC). Pending the USA Senate confirmation, Clayton will take...
View ArticleGrant Thornton International reports 3.3% growth in revenue
Grant Thornton announced a total global revenue of US$ 4,789m for the financial year ended 30 September 2016, up 3.3% from FY15.
View ArticleNews brief: Belarus adopts IFRS and IAS
Belarus has adopted IFRS and IAS effective 1 January 2017.
View ArticleNews brief: ACCA and Morison KSi sign MoU
The Association of Chartered Certified Accountants (ACCA) and Morison KSi have signed a Memorandum of Understanding (MoU).
View ArticleIFAC 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...
View ArticleMalta’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.
View ArticleEU 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...
View ArticleEY 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...
View ArticleNews brief: International Valuation Standards Council launches new global...
The International Valuation Council (IVSC) has launched new global standards, IVS 2017, for the valuation profession.
View ArticleBig 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.
View ArticleNigerian 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...
View ArticleNews 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.
View ArticleBT 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.
View ArticleLondon 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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