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Accounting threshold shifts risk lasting damage to audit profession

April 29th, 2015 (0)
Earlier this month, on 6 April, a new EC directive quietly slipped into force. The less than snappily titled Companies, Partnership and Groups (Accounts and Reports) Regulations 2015 – the UK’s implementation of the EU Accounting Directive – passed onto the ...

Big Four to beat law in dumping the billable hour

April 29th, 2015 (0)
Pricing experts have predicted that accounting firms will scrap the billable hour before law firms, but neither sector is willing to change. Steve Major (pictured), founder of consultancy Pricing Power, told Lawyers Weekly that accounting firms are moving away from the ...

ayondo receives CHF 6m for international expansion

April 29th, 2015 (0)
• Asia in focus • Strong demand for Social Trading In the course of its international expansion plans, with a focus on Asia the ayondo group announced today that it has received an additional CHF 6 million in funding ...

IFAC Group: Better Public Sector Financial Reporting, Accountability. Now.

April 28th, 2015 (0)
Accountability. Now. Coalition Meets for First Time to Drive Campaign Forward Convened by the International Federation of Accountants® (IFAC®), the Accountability. Now. coalition, comprising civil society organizations, major international bodies, and the accountancy profession, met for the first time to ...

Alpari UK: FSCS announces final levy for 2015/16 at £319m

April 28th, 2015 (0)
Today the Financial Services Compensation Scheme (FSCS) announces its levy for 2015/16. The figure stands at £319m. That’s an increase of £32m from the amount forecast in FSCS’s Plan and Budget in January. The increase is primarily because of a rise ...

Robocoin Debuts Romit Remittance Software

April 27th, 2015 (1)
Introducing Romit When Robocoin invented the world’s first Bitcoin ATM In October 2013, the company believed that blockchain technology would transform the remittance market. To that end, today the company is introducing Romit: the cheapest and fastest money-transfer in ...

Average tax rate paid by FTSE 100 resumes downward slide, falling to 23.1%

April 27th, 2015 (0)
Oil & gas, banks and resources pay highest rates The average effective rate of tax paid as reported by FTSE 100 companies has resumed its downward slide, dropping to just 23.1% of profits last year down from 25.9% the ...

Varoufakis Said to Take Hammering From Riled EU Ministers

April 24th, 2015 (0)
Greek Finance Minister Yanis Varoufakis was heavily criticized by his euro-area colleagues amid mounting frustration at his refusal to deliver measures to fix his country’s economy and release financial aid, according to three people familiar with the talks. Euro-area ...

Dogecoin Founder Exits Crypto Community Citing ‘Toxic’ Culture

April 24th, 2015 (0)
Dogecoin founder and Adobe senior manager Jackson Palmer has announced he is taking an “extended leave of absence” from the cryptocurrency community. Calling the ecosystem “toxic”, Palmer used the occasion to blast aspects of the industry, while encouraging users ...

Can an illegal scheme apply for business rescue?

April 24th, 2015 (0)
The concept of Ponzi schemes is one that is not new across the globe and has been around for decades. According to Wikipedia “a Ponzi scheme is a fraudulent investment operation where the operator, an individual or organisation, pays ...
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