Search Results for: PRA
SEC Sanctions Florida-Based Auditor for Circumventing Rules
October 27th, 2014
The Securities and Exchange Commission sanctioned a Florida-based auditor for violating federal laws and regulations requiring lead audit partners to periodically rotate off their audit engagements with a publicly traded company in order to preserve the integrity of the ...
2015 trends: Accountants and technology
October 24th, 2014
Love it or hate it, technology is permanently changing, and accountants are now expected to keep abreast of these fluctuations in order to keep clients happy. Gone is the day – and many may rue it – of employing ...
The TPP’s Missing Ingredient
October 23rd, 2014
Looking for ways to stimulate economic growth and create jobs, US President Barack Obama’s administration is seeking to press ahead with the mega-regional free-trade deal known as the Trans-Pacific Partnership (TPP). But is the US going about it the ...
RBA Keeping Close Eye on Lending Standards
October 23rd, 2014
Australia’s central bank is keeping a close eye on the build up of credits to housing investors and is still talking to the financial regulator over what can be done to tighten lending standards, the head of the Reserve ...
Accountant fined for PII and annual return offences
October 22nd, 2014
An accountant has been severely reprimanded and fined £4,500 for failing to submit an annual return and doing business without professional indemnity insurance (PII). Patricia Cornish, of Laurel Farm, Colegate End, Pulham Market, failed to submit an annual return ...
Ten rules for new investors
October 22nd, 2014
Novice investors are similar to teenagers who take their fathers car secretly, before taking any driving lessons and obtaining their driving license. They first learn to average down on their investments before coming across the concept of stop loss. ...
Hong Kong Is Hot Spot for U.S. Lawyers as Probes Rise
October 22nd, 2014
When Cathy Palmer first came to Hong Kong as a U.S. prosecutor more than 20 years ago, she was chasing heroin-smuggling triads who later sent a booby-trapped package to her Brooklyn office. Since March, she has been in the ...
National Bank of Oman highlights distinctions between conventional and Islamic finance
October 22nd, 2014
“The GCC countries have committed to actively strengthening their positions in the Islamic finance market, with Saudi Arabia currently in the lead. We, at the National Bank of Oman, have been doing significant work in the Islamic finance domain ...
After JPMorgan Cyberattack, fortification of Wall Street Banks is a must
October 22nd, 2014
Federal and state regulators are said to be discussing fortification of a critical area of cybersecurity: outside vendors, including law firms, accounting and marketing firms and even janitorial companies. This summer’s huge cyberattack on JPMorgan Chase and a dozen ...
Saudi’s NCB to convert to Islamic bank after pressure from scholars
October 21st, 2014
Saudi Arabia’s biggest bank has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within about five years. The decision, made as the bank launches a $6 billion initial ...
