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Accounting News

acca-global_accounting

ACCA continues to strengthen its global presence

19/07/2018(0)
Award-winning professional body ACCA (the Association of Chartered Certified Accountants) has seen a record level of satisfaction from its members and students. Overall 80.7 percent of ACCA members ... Read More
big four

Big Four firms plan for forced break-up

16/07/2018(0)
The Big Four accountancy firms have drawn up contingency plans for a break up of their UK businesses, an option politicians and regulators are increasingly pushing to solve conflicts ... Read More
big-four

Big four accounting firms paid millions to advice EU Commission on tax policy

10/07/2018(0)
EU lawmakers should stop relying on policy advice from the world’s four largest accounting firms, given their status as “goliaths of the tax planning world,” according to an independent ... Read More
Tax photo

International fight against tax fraud steps up a gear

05/07/2018(0)
The UK, Canada, the Netherlands, the United States and Australia have launched an international tax and anti-money laundering team. The Joint Chiefs of Global Tax Enforcement (J5) body will ... Read More
PwC-building

PwC ordered to pay millions dollars in damages over bank’s collapse

03/07/2018(0)
A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one ... Read More
Tax photo

European Commission finds Luxembourg gave illegal tax benefits

28/06/2018(0)
The European Commission has found that Luxembourg allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade. This is illegal under ... Read More
toshiba

Toshiba says U.S. SEC completes accounting probe, no penalty

25/06/2018(0)
Japan’s Toshiba Corp on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company. “We understand that ... Read More
Digital Tax

EU leaders to urge progress on digital tax despite concerns, draft says

20/06/2018(0)
European Union leaders are expected to call for progress on new rules to tax companies’ digital revenues at a summit next week in Brussels, according to draft conclusions of ... Read More
PwC-building

PwC fined £10m over audit failures

14/06/2018(0)
The Financial Reporting Council (FRC), the UK’s accounting industry regulator, has issued an announcement to inform that has sanctioned PriceWaterhouseCoopers (PwC) and audit partner Steve Denison. In accordance the ... Read More
Tax photo

Is the EU ready for a Common Consolidated Corporate Tax Base?

12/06/2018(0)
In 2011, an ambitious Common Consolidated Corporate Tax Base (CCCTB) directive was proposed by the European Commission. It sought to harmonise the 28 different corporate tax codes of the ... Read More
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