Outdated legal frameworks and lack of translation challenges for IFRS...
Greater regional collaboration between professional accountancy organisations in the Middle East and North Africa is the key to address challenges in implementing international accounting standards in...
View ArticleWilliam Thomas appointed as global chairman of KPMG
William Thomas has been appointed as the global chairman of KPMG, effective 1 October 2017, for a four year term, and taking over from John Veihmeyer.
View ArticleIFIAR announces decline in audit firm inspection findings
The International Forum of Independent Audit Regulators (IFIAR) has released their 2016 Inspection Findings Survey revealing a decline in audit firm inspection findings compared to last year.
View ArticleSingapore broadens tax base to increase revenue, yet corporation taxes will...
Less than two weeks since the Committee on the Future Economy (CFE) recommended the need to move toward a progressive tax system, Singapore’s minister for finance, Heng Swee Keat, announced new tax...
View ArticleMEPs seek to amend the AML Directive and allow citizens to access data of...
The European Parliament’s Economic & Monetary Affairs (ECON) and Civil Liberties Justice & Home Affairs (LIBE) committees have voted on the revision of the anti-money laundering (AML)...
View ArticleETAF calls for an EU Code of Conduct for tax intermediaries
Answering and EU Commission’s consultation on tax planning, the European Tax Advisor Federation (ETAF) has called for an EU Code of Conduct for tax intermediaries in an effort to tackle tax evasion...
View ArticleSustainability reporting and corporate governance round up
Latest news in sustainability reporting and corporate governance
View ArticleUK FinTech turns to artificial intelligence as the market matures
According to the report ‘The Start-up View: A Year in FinTech’ from PwC and Startupbootcamp, a huge change in culture over the past year has been observed, and its potential to solve customer problems...
View ArticleAnalysis: Arthur Andersen is back…. again
Arthur Andersen, a name that many would have thought was forgotten in the dustbin of financial services history, is back. Only issue is it already did a comeback in 2014, so who is who in this Arthur...
View ArticleGCC countries sign an agreement to implement VAT framework
Gulf Cooperation Council (GCC) countries have signed an agreement to implement the Value Added Tax (VAT) framework in all GCC countries.
View ArticleDelay Making Tax Digital for business, says House of Lords on Finance Bill...
The House of Lords Economic Affairs Committee has released a report on the draft Finance Bill 2017 which covers the much anticipated subject, Making Tax Digital (MTD) for business.
View ArticleIFAC survey reveals number one challenge for SMPs
Accountants around the world in small and medium sized practices are facing increased staffing challenges according to an IFAC Global survey of practitioners operating in small and medium sized...
View ArticleEU new cyber security regulation challenges SMEs
EU Regulation on cyber security, the general data protection regulation (GDPR), will come into force in May 2018, and will require businesses particularly the middle market businesses to have adequate...
View ArticleStakeholders internal audit expectations are at their lowest in 5 years
Internal audit functions are failing to keep up with stakeholder expectations of internal audit value, according to PwC USA’s 13th annual State of the Internal Audit Profession study.
View ArticleUSA business leaders predict corporate tax reform unlikely before 2018
While the Trump administration said it would deliver its corporate tax reform, the most significant tax reform in the USA since 1986, by the summer of this year, business leaders are doubtful it will...
View ArticleFormer partner of PwC Brazil sanctioned by PCAOB
A former partner of PwC Brazil has been fined $10,000 and barred for two years from associating with a registered public accounting firm.
View ArticleStakeholders internal audit expectations are at their lowest in 5 years
Internal audit functions are failing to keep up with stakeholder expectations of internal audit value, according to PwC USA’s 13th annual State of the Internal Audit Profession study.
View ArticleTesco market abuse compensation scheme to be run by KPMG
KPMG will run the compensation scheme for investors affected by the market abuse committed by Tesco plc and Tesco Stores Limited in 2014 over them giving the false value of shares and bonds.
View ArticleMEPs vote to remove the loopholes used by companies for double tax deduction
Members of European Parliament (MEPs) Economic and Monetary Affairs Committee (ECON) have voted amendments to the EU’s anti-tax avoidance directive, to remove loopholes allowing multinationals to...
View ArticleNews brief: EY takes further steps towards AI
Big Four network EY has launched a global network, WavespaceTM, to help clients with disruptive technologies such as artificial intelligence, robotics process automation (RPA), blockchain, data...
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