Search Results for: accountants
Deloitte executive arrested in South Korea on charges for a multibillion dollar accounting fraud
November 7th, 2016
A former Deloitte Anjin executive was detained Wednesday on charges of deliberately ignoring a multibillion dollar accounting fraud involving embattled shipyard Daewoo Shipbuilding & Marine Engineering (DSME). The Seoul Central District Court issued an arrest warrant for the former ...
Singapore vs. London: Who Wins the Fintech Title?
November 7th, 2016
According to the Association of Chartered Certified Accountants (ACCA), Singapore is not far from surpassing London to claim the title of top fintech hub of the world. The ACCA’s September report noted that the world should “keep an eye on Asia” as red tape ...
EU and Canada signed CETA; a trade deal that sets a new standard for global trade
November 1st, 2016
On 30 October, the EU and Canada sign a trade agreement, known as the Comprehensive Economic and Trade Agreement (CETA). This deal will create jobs and growth by boosting trade and strengthening economic relations. CETA’s progressive nature will set ...
Is this new firm the Big four challenger?
October 24th, 2016
In August there was plenty of noise around the announcement that the former boss of accounting giant Deloitte, John Connolly, was starting a new bean-counting business, Cogital. The question was whether the project, which was innovatively backed by private equity house ...
More than 25,000 students registered to study ACCA-X in its first Month in China
October 21st, 2016
Just one month since its launch in China, the innovative online programme ACCA-X run by ACCA (the Association of Chartered Certified Accountants) in partnership with XuetangX has seen the enrolment of more than 25,000 students. The registration numbers, surpassing ...
Company and Former Executives Paying Penalties for Accounting Violations
October 21st, 2016
The Securities and Exchange Commission today announced that a Houston-based technology solutions company has agreed to pay a $2.5 million penalty to settle charges that it overstated profits in one of its business segments. Two then-executives at the company ...
Tax Experts Wanted in U.A.E.
October 20th, 2016
U.A.E. Ministry of Finance advertising about 30 tax jobs Gulf Arab monarchies to impose value added tax by 2018 The United Arab Emirates is setting up a federal tax authority that will be in charge of collecting levies, as ...
Ernst & Young to Pay $11.8 Million for Audit Failures
October 19th, 2016
The Securities and Exchange Commission has announced that Ernst & Young LLP has agreed to pay more than $11.8m to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to inflate ...
ICPAC and the International Compliance Association (ICA) join forces to promote the professionalism of compliance officers
October 17th, 2016
The Institute of Certified Public Accountants of Cyprus (ICPAC) and the International Compliance Association (ICA) penned on Friday, 14 October 2016 a protocol of cooperation in order to promote the common endeavour of enhancing the professionalism of the compliance ...
Warning that firms may quit Scotland over tax hikes
October 17th, 2016
Growing “uncertainty” over political demands for tax hikes could see firms quit the country with the loss of skilled jobs in key technology sectors, Scotland’s leading tax, finance and accountancy giants have warned. Scots are already facing higher income ...
