Search Results for: accountants
The New EU Rules for Anti-Money Laundering and Tax Avoidance Enter Into Force
June 28th, 2017
Strengthened EU rules to tackle money laundering, tax avoidance and terrorism financing enter into force The Juncker Commission has made the fight against tax avoidance, money laundering and terrorism financing one of its priorities. On June 26,2017 the Fourth ...
ACCA welcomes the EU Commission’s proposal on taxation information amendment
June 26th, 2017
More tarnsparemncy over aggressive Tax planning arrangements and Beneficial Ownership is welcome, but a balanced and consistent implementation is needed to maintain a level playing field, says ACCA ACCA (the Association of Chartered Certified Accountants) welcomes the European Commission’s ...
Accounting watchdog announces the closure of its investigation into PwC as auditors of Tesco
June 6th, 2017
The Financial Reporting Council (‘FRC’) announces the closure of its investigation into the conduct of PricewaterhouseCoopers LLP (‘PwC LLP’) and certain Members of the Institute of Chartered Accountants in England and Wales in their capacity as auditors of Tesco ...
ACCA launches major new report into Cognitive Bias
May 11th, 2017
As policymakers and regulators call for more professional scepticism in audit, ACCA (the Association of Certified Chartered Accountants) has recommended changes to the standard-setting, regulatory and audit processes to improve and encourage audit quality and tackle cognitive bias. ACCA’s ...
ACCA released a professional accountant’s guide to blockchain
May 5th, 2017
Distributed ledgers and blockchain technology has the potential to improve trust in financial transactions but seem more likely to support, rather than replace, the work of professional accountants, according to a new report from ACCA (the Association of Chartered ...
ACCA to present ground-breaking ADR approach
May 3rd, 2017
ACCA (the Association of Chartered Certified Accountants) will address an audience at this year’s World Mediation Summit in Madrid. The prestigious event brings together the most innovative minds in mediation across the globe as well as international thought provoking ...
Toshiba Is Replacing Its Auditor PwC Over Irreconcilable Differences
April 26th, 2017
Toshiba Corp (TOSBF, +1.24%) has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, the Nikkei business daily reported. Earlier this month, the company ...
Grant Thornton UK fined £2.3m over audit failures
April 24th, 2017
Grant Thornton UK LLP (“GT”) and Robert Napper (a retired GT Partner) (together, the “Respondents”), have admitted Misconduct and agreed to fines and other sanctions. This follows the conclusion of the Financial Reporting Council’s (FRC) investigation relating to the ...
Accounting firms employ robots in their offices
April 20th, 2017
Robotic software sweeping large accounting firms and clients While it doesn’t shoot lasers or clean her Minneapolis office Roomba-style, her “bot” can do some of her digital data dirty work so she doesn’t have to. “I don’t want to ...
What ACCA says about triggering of Article 50
March 30th, 2017
In response to the announcement that Article 50 of the Lisbon Treaty has been triggered by the UK government John Williams, head of ACCA (the Association of Chartered Certified Accountants) UK says: • “Today we finally see the long-awaited triggering ...
