Search Results for: Accountancy
FRC is to investigate PwC over its auditing of BHS
August 1st, 2016
The Financial Reporting Council (FRC) is to investigate PwC over its auditing of BHS for the 2014 financial year, following on from criticism of the firm’s actions in signing the retailer’s accounts off as a ‘going concern’ from the ...
EU considers blacklisting NZ over tax laws
August 1st, 2016
Possible EU sanctions against New Zealand could make travel harder and have a massive effect on the economy. New Zealand is under investigation by the EU as it prepares a blacklist of global tax havens, Newshub revealed on Monday ...
ACCA reports increase in reach and influence as membership grows
July 28th, 2016
Leading professional body strengthens global reach and influence through innovation and new partnerships • Membership and student growth tops 5% worldwide as a result of strong membership admissions • Reflects the growing prominence of the industry within economies and ...
Tax advisers in Uk arrested in suspected £132m tax fraud
July 22nd, 2016
Three tax advisers have been arrested as part of a HMRC investigation into a suspected £132m tax fraud. The arrests were made as a result of a HMRC investigation into a complex scheme involving offshore trusts used by professional financial advisers ...
The International Ethics Standards Board for Accountants redefines accountants’ Ethical Role
July 18th, 2016
The International Ethics Standards Board for Accountants® (IESBA®, the Ethics Board) today released a new standard, Responding to Non-Compliance with Laws and Regulations. The standard sets out a first-of-its-kind framework to guide professional accountants in what actions to take in the public ...
Mazars to acquire financial modelling consultancy and training provider
July 14th, 2016
Realises the ambition to be the world leader in financial modelling, model audit and related training services for the infrastructure finance sector. Creates an integrated team of over 120 professionals, servicing clients around the world, from regional hubs in ...
What Brexit means for accountants
July 13th, 2016
Shortly after the UK voted for Brexit on 23 June, sterling hit a thirty year low against the dollar and the UK has had its credit rating downgraded by two different agencies. It is currently unclear whether these repercussions ...
BDO has appointed former KPMG director
July 11th, 2016
Top Six firm BDO has appointed former KPMG director Christopher Arnull as its first head of Legal and Practice Protection, as the accountancy firm looks to tackle more legal and regulatory challenges. Arnull, who joins BDO from KPMG where ...
The number of practices providing audit services has continued to fall
July 4th, 2016
The number of practices providing audit services has continued to fall at a rapid pace, as the market comes to terms with regulatory and legislative edicts at both the top and lower ends of the spectrum. The latest Key Facts and ...
Former PwC employees found guilty in Luxleaks trial
July 1st, 2016
Two former PwC employees at the centre of the so called ‘Luxleaks’ tax scandal have been found guilty and handed suspended sentences. Antoine Deltour, a former auditor for the Big Four firm and ex-employee Raphael Halet received 12 and ...
