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UK Accountancy Firms shrink after HMRC Efforts
August 27th, 2014
HM Revenue and Customs’ (HMRC) increasingly tough stance on tax planning is taking its toll on the UK accountancy industry, according to finance provider LDF. There was a 4 percent drop in the number of accountancy firms registered in ...
eSports is Amazon’s big bet on the future – Bottom Line
August 26th, 2014
While eSports may look and sound like child’s play, it is in fact big business. Last year the industry attracted 71.5m online viewers worldwide, with Twitch being the destination of choice for over 75 per cent of viewers, and ...
California Wine Country Quake Losses reach Billions
August 26th, 2014
A strong earthquake that jolted residents of California’s Napa Valley wine country from their beds on Sunday caused insured property damage likely in the hundreds of millions of dollars, but the region’s total economic losses will be several times ...
IMF urges St Vincent and Grenadines to Improve Tax Compliance
August 25th, 2014
The International Monetary Fund (IMF) has called on the authorities in St Vincent and the Grenadines to take steps to improve tax compliance. Tax compliance in the Caribbean territory has declined by about 20 percentage points since 2008 to ...
EY issues emphasis of matter note on Co-op Bank
August 22nd, 2014
EY’s first public act as auditor of the Co-operative Bank has been to place an emphasis of matter paragraph into its interim statement review. The Big Four firm, which replaced KPMG as the bank’s auditors earlier this year, said ...
KPMG says EU bank reforms should be shelved
August 21st, 2014
Audit firm KPMG has written to Europe’s largest lenders saying a European Commission plan to separate banks’ consumer and investment-banking arms should be shelved, Bloomberg reported on Thursday. In an emailed statement KPMG said the proposal would not ...
Oil Companies Turning Away From The Middle East
August 20th, 2014
The violence and cutthroat politics of the Middle East, combined with declining oil and gas production levels, has triggered a subtle but significant shift away from what has long been the center of the energy industry to other regions ...
Ernst & Young Role in Gowex Fraud Questioned
August 14th, 2014
Investors and the Madrid exchange are asking just who was verifying its financial statements, after the Wi-Fi hotspot provider, Let’s Gowex SA collapsed last month. Auditor Jose Diaz, of M&A Auditores, has been named as a suspect and jailed ...
ACCA and Colombian Acountancy Body sign MOU
August 13th, 2014
The growth and development of the accountancy profession in Colombia has been bolstered by a Memorandum of Understanding being signed between INCP (Instituto Nacional de Contadores Públicos de Colombia), Colombia’s national accountancy body, and ACCA (the Association of Chartered ...
West TX Oil Drops to 97.30 on Pressure
August 13th, 2014
Brent crude slipped below $103 a barrel on Wednesday to trade near its lowest level in more than a year as ample supplies countered any disruption risks posed by lingering tensions in Iraq and Libya. It was the fourth ...
