Accounting News

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PwC accused of cheating firm out of $138m

26/03/2018(0)
The accounting giant PwC is accused of conspiring to cheat a firm of consultants out of at least £75m ($138 million) in a deal with the controversial mining tycoon ... Read More
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The Big Four accountancy firms in UK face the threat of a break-up

23/03/2018(0)
The Big Four accountancy firms in UK could be broken up following a wave of scandals at companies they audit that has sparked a ‘crisis of confidence’ in the ... Read More
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Europe plans special tax for tech giants

08/03/2018(0)
Bruno Le Maire, France’s minister for the economy, has revealed that a plan to levy a special tax on Google, Apple, Facebook, and Amazon will soon be revealed by ... Read More
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ACCA: What features a quality audit should possess

22/02/2018(0)
A quality audit is vital to public confidence in the audit process and its value. However, the key elements of a quality audit can sometimes exist in mutual tension, ... Read More
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The countries with the highest and lowest environmental taxes in Europe

08/02/2018(0)
Government revenues from environmental taxes amounted to €364.4 bn in 2016 in the European Union (EU), compared with €296.5 bn in 2006. Over the same period, the share of ... Read More
vat

European Commission proposed new rules for more flexibility on VAT rates

24/01/2018(0)
The European Commission proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs ... Read More
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Taxation highs and low identified in EU report on policy

16/01/2018(0)
The report shows that Ireland is not a high tax country with total tax receipts as a percentage of GDP the lowest in the EU and the Effective Marginal ... Read More
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Grant Thornton fined $1.5 Million

04/01/2018(0)
PCAOB Announces $1.5 Million Settlement with Grant Thornton for Quality Control Violations and Audit Failures. The Public Company Accounting Oversight Board today announced a $1.5 million civil penalty and ... Read More
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Shell, Barclays say US tax plan means billions in 4Q charges

28/12/2017(0)
Two major European companies, oil producer Shell and Barclays bank, say the U.S. tax reform law will force them to take big charges in the last quarter of the ... Read More
kpmg

Several current and former KPMG partners face court contempt

20/12/2017(0)
Several current and former KPMG partners are facing contempt proceedings in a Hong Kong court, as liquidators for a failed U.S.-listed Chinese company step up their action against the ... Read More
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