Search Results for: Accountancy
Sustainability Matters
May 16th, 2014
The global accountancy profession has an important role in making organisations more responsible and accountable in the pursuit of sustainable development, says ACCA (the Association of Chartered Certified Accountants) in a new policy paper called Sustainability Matters. The paper ...
IASB amends IAS 16 Property and IAS 38 Intangible Assets
May 14th, 2014
The International Accounting Standards Board (IASB), has published amendments to IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets. IAS 16 and IAS 38 both establish the principle for the basis of depreciation and amortisation as being the ...
IASB agrees standard-setting charter of co-operation
May 12th, 2014
The IASB has published an updated charter establishing key principles of co-operation between the IASB, national standard-setters and other accounting standard-setting bodies, represented by the International Forum of Accounting Standard Setters (IFASS). The principles established by the charter are ...
KPMG retains long-standing Greggs audit work
May 12th, 2014
The long-standing auditors of pie and sandwich chain Greggs have retained their role after a tender. KPMG has served as Greggs’ auditors since the retailer listed on the London Stock Exchange in 1984, during which time no tender has ...
Vodafone seeks arbitration over Indian tax dispute
May 9th, 2014
Vodafone is to seek international arbitration in a bid to resolve an historic dispute with the Indian government. The dispute is rooted in Vodafone’s acquisition of Hutchison Whampoa’s Indian mobile assets for $11.2bn (£6.5bn). The Indian authorities had argued ...
Making Big Four partner ‘meritocratic but highly commercial’
May 6th, 2014
Making partner at a Big Four firm is more meritocratic than previously considered – but does this create a culture of commercialism that could clash with what is expected of a ‘trusted adviser’? That is the question raised following ...
Tax owed on full sale price where taxpayer won’t provide cost basis information
May 6th, 2014
The Eleventh Circuit Court of Appeals upheld a deficiency notice of more than $5 million against a taxpayer who reported adjusted gross income of $22,921 and taxable income of $13,221 on his late-filed 2006 return (Hoang, No. 13-14398 (11th ...
Four traits for growth-conscious CFOs
May 6th, 2014
The time for accepting flat revenue numbers has passed, say the CFOs with whom Nick Araco has spoken in the past six months. And the era in which CFOs let others handle the technology initiatives also seems to be ...
IRS announces two-year FATCA enforcement transition period
May 5th, 2014
Foreign financial institutions that make a good-faith effort to comply with the requirements of the Foreign Account Tax Compliance Act (FATCA) will benefit from lighter enforcement during 2014 and 2015, the IRS announced on Friday (Notice 2014-33). The IRS ...
Portions of conflict minerals rule stayed by SEC
May 5th, 2014
Companies will not have to explicitly declare whether their products contain minerals that originated in mines in the Democratic Republic of Congo or its neighboring countries, according to the SEC. The SEC issued an order Friday staying the effective ...
