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ASIC cancels AFS licence for failing to lodge financial statements
July 26th, 2016
ASIC has cancelled the Australian financial services (AFS) licence of Sydney-based Edwards Benefits Advisors Pty Ltd (Edwards Benefits) for failing to comply with a number of key obligations as a financial services licensee. In particular, ASIC found that Edwards ...
The rising trend of cashless payments
July 21st, 2016
Contactless payments are rapidly gaining ground across the globe. Driven by customer convenience and efficiency, this innovative payment method has opened up new dimension for daily transactions undertaken by consumers. Mobile wallets, online payment providers, near field communication (NFC) ...
Big Four in talks with UK government on Brexit
July 21st, 2016
Accountants’ expertise will be needed as the trade negotiations start following the UK’s vote to leave the EU, the government has confirmed, while the Big Four are building up specialist Brexit teams to meet the demand for advice on ...
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 ...
Linear selects RSRCHXchange for MiFID II compliant research procurement
July 15th, 2016
Linear Investments, a specialist prime broker and an award winning hedge fund incubator, has selected RSRCHXchange, the online marketplace for institutional research, to enable their hedge fund clientele to access and track research consumption in a MiFID II compliant ...
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 ...
Asian Equity Rally Loses Momentum With Oil Near $45; Pound Gains
July 14th, 2016
Japan’s Topix climbs, yen falls amid talk of helicopter money Sterling rises before forecast cut in U.K. interest rates The rally that drove Asian stocks to levels last seen in April showed signs of flagging as investors awaited details ...
London Stock Exchange launches online private placement platform
July 12th, 2016
ELITE Club Deal will offer over 400 ELITE companies the opportunity to connect to institutional investors, private equity, VCs and other professional investors ELITE Club Deal enhances the range of business support services offered to ELITE companies from financial ...
IRS takes Facebook to court
July 12th, 2016
Feds are demanding corporate records of its offshore assets. Signaling a shift in enforcement tactics against big companies that make money from intellectual property, federal tax officials have sought a court order demanding internal corporate records related to one ...
Oil near two-month low on economic woes; drillers adjust to lower prices
July 11th, 2016
Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. Brent crude was trading at $46.38 per barrel at 0653 GMT (02:53 a.m. EDT), down ...
