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Accounting News

ernst-and-young

Sanctions against senior auditor and EY

17/10/2017(0)
Ernst & Young LLP (EY) and Julian Gray, Senior Statutory Auditor and Audit Engagement Partner, have been fined and reprimanded after admitting Misconduct in relation to the audit of ... Read More
Amazon building

EU ordered Luxembourg to collect around €250 million from Amazon

05/10/2017(0)
The European Commission has issued a press release to inform on its conclusion that Luxembourg granted undue tax benefits to Amazon of around €250 million. According the press release, ... Read More
vat

EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action

04/10/2017(0)
The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, ... Read More
The logo of UBS bank

Swiss bank UBS probed in Germany over alleged tax fraud

29/09/2017(0)
Prosecutors have started an investigation into clients of Swiss bank UBS in Germany suspected of tax evasion. According to Reuters, about 130 prosecutors and tax investigators from the city ... Read More
The Deloitte Company logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi

Accountancy giant Deloitte hit by cyber attack

26/09/2017(0)
One of the world’s biggest accountancy firms had been targeted by a sophisticated cyber attack that has compromised the confidential emails of some of its blue-chip clients. Deloitte is ... Read More
KPMG- office logo

Closure of investigation into KPMG’s audit of HBOS plc

19/09/2017(0)
The Financial Reporting Council (‘FRC’) announces the closure of its investigation into the conduct of KPMG’s audit of HBOS plc for the year ended 31 December 2007. The Executive ... Read More
PWC logo on building

PwC UK reported record revenue of £3.60bn for the year ended 30 June 2017

18/09/2017(0)
PwC UK, the professional services firm, has reported record revenue of £3.60bn for the year ended 30 June 2017, up 5% from £3.44bn last year, as the firm continues ... Read More
The Deloitte Company logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi

Deloitte announces record global revenue of US$38.8 billion

15/09/2017(0)
Deloitte Global today reported aggregate member firm revenue of US$38.8 billion for the fiscal year ended 31 May 2017 (FY2017), representing a 7.1 percent revenue increase in local currency ... Read More
European Commission

European Commission welcome digital taxation proposal

12/09/2017(0)
The European Commission has today welcomed a joint proposal from the so-called Big Four member states – France, Germany, Italy and Spain – on the taxation of large digital ... Read More
ernst-and-young

EY announced global revenues of US$31.4b

06/09/2017(0)
EY announces combined global revenues of US$31.4b for the financial year ended 30 June 2017. Overall, financial year (FY) 2017 revenue grew by 7.8% in local currency (versus FY16). ... Read More
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