Search Results for: accountants
ACCA launches innovations to its qualification to shape the future of Global Accountancy
October 12th, 2016
ACCA (the Association of Chartered Certified Accountants) takes a major step forward in shaping the future of accountancy by unveiling major innovations to its Master’s level qualification, tailored to meet the strategic challenges of the 21st century’s disruptive economy. ...
Findex Group and Financial Index Australia fined by ASIC
October 10th, 2016
Findex Group Limited and Financial Index Australia Pty Ltd (FIA) have each paid a $10,800 penalty following the issuing by ASIC of infringement notices for potentially misleading claims on the Findex website (www.findex.com.au). The Findex group of companies (which ...
Oil Services Company Paying $140 Million Penalty for Accounting Fraud
September 28th, 2016
The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. Two of the company’s senior ...
Accounting software maker prepares for IPO
September 21st, 2016
Accounting software maker BlackLine Inc is preparing for an initial public offering that could value it at more than $1 billion, including debt, people familiar with the matter said on Tuesday. An IPO of Los Angeles-based BlackLine, which the ...
Ernst & Young, Former Partners Charged With Violating Auditor Independence Rules
September 20th, 2016
The Securities and Exchange Commission today announced that public accounting firm Ernst & Young has agreed to pay $9.3 million to settle charges that two of the firm’s audit partners got too close to their clients on a personal ...
PwC’s legal arm posts 24% revenue jump
September 14th, 2016
Revenue at PwC Legal has soared this financial year, from £48.5m to £59.9m, an increase of 25%. Led by senior partner Shirley Brookes, the legal arm of the accounting giant has also posted net income of £11m. Of the total revenue, ...
KPMG faces disciplinary formal complaints over audit concerns
September 7th, 2016
The Financial Reporting Council’s (FRC) Executive Counsel has delivered disciplinary formal complaints under the Accountancy Scheme and the Actuarial Scheme in connection with the conduct of KPMG LLP, Mr Mark Taylor, Mr Anthony Hulse, members and a member firm ...
Deloitte expands business at record levels but warns of Brexit “challenges”
August 30th, 2016
Audit wins underpinned the fastest revenue growth for 10 years at big-four accountants Deloitte. Group revenue increased by 11.2 per cent for the year to May 2016 to £3.1bn with distributable profit up 2.5 per cent at £608m. Deloitte ...
Taiwan to toughen anti-money laundering law after US fine
August 25th, 2016
Taiwan moved Thursday (Aug 25) to toughen its anti-money laundering law after US authorities fined a local bank linked to the so-called Panama Papers scandal. Last week, American regulators fined Taiwan’s Mega International Commercial Bank US$180 million for showing ...
Fintech firms set to target business advisory
August 5th, 2016
Business advisory services will be a major focus of fintech companies over the next few years, says an accounting software company, with considerable investment likely to flow into business advisory robo-offerings. Speaking to Accountants Daily, MYOB general manager of user experience ...
