Latest News
BDO merges three Australian firms
BDO’s Melbourne, Sydney and Brisbane (including Sunshine Coast) partners have voted ‘yes’ to merging their respective firms. The firm said the vote.... read more
IFAC issues call-to-action to G20 on tax, trade and transparency
Ahead of the 2019 G20 Summit in Osaka, Japan on 28-29 June, IFAC (the International Federation of Accountants) has urged G20 countries to pursue.... read more
SFO coordinates arrests in Patisserie Valerie affair
The UK Serious Fraud Office (SFO) has revealed that five people were arrested and questioned last week regarding the alleged fraud at café chain.... read more
Grant Thornton invests in audit quality
Grant Thornton is investing £7m ($8.9m) over the coming year and has set out new measures to further strengthen audit as a specialism at the firm..... read more
BSR & Associates resigns as auditor of IL&FS Investment Managers
IL&FS Investment Managers, in a statement to the National Stock Exchange of India, reports that KPMG network firm BSR & Associates had resigned as.... read more
Deloitte pushes back against Sygnia
In a terse media statement on 20 June, Deloitte reiterated its stance that it ‘did not agree with the SENS issued by Sygnia’. The company had said.... read more
Walmart pays out $282m over FCPA violations
The Securities and Exchange Commission charged Walmart with violating the Foreign Corrupt Practices Act (FCPA) by failing to operate a sufficient.... read more
Sports Direct pressures Goals Soccer Centres, offers to pay for Kroll report
Sports Direct is continuing to put pressure on struggling Goals Soccer Centres. In a statement to the London Stock Exchange, Sports Direct said.... read more
UK tops Europe for FDI but Brexit casts a shadow.
The UK remained the number one destination for foreign direct investment (FDI) in Europe in 2018, ahead of Germany and France, with 1,054 projects,.... read more
EFRAG publishes final comment on IASB’s benchmark rate plans
The European Financial Reporting Advisory Group (EFRAG) has published its final comment letter in response to the IASB's Exposure Draft.... read more
Verady to become app partner with Xero
Cryptocurrency accounting and audit company Verady has signed up to become a certified app partner with small business platform Xero. The deal was.... read more
EFRAG turns to insurers for comment on hedge accounting
The European Financial Reporting Advisory Group (EFRAG) is inviting European insurers that apply IFRS Standards to complete a questionnaire on.... read more
FCA fines Bank of Scotland for failing to report fraud suspicions at HBOS Reading
The UK Financial Conduct Authority (FCA) has fined Bank of Scotland (BOS) £45.5m ($57.7m) for failures to disclose information about its suspicions.... read more
Quadriga CX 'significantly flawed' says EY
In its fifth report to the Supreme Court of Nova Scotia, in its capacity as court-appointed monitor and trustee in bankruptcy to Quadriga, EY has.... read more
Cineworld drops KPMG, picks PwC as auditor
Cinema multiplex operator Cineworld has appointed PwC as auditor, with effect from 17 June 2019 following a tender process for the statutory.... read more
HMRC acts on ‘serious and credible threat to VAT’
The UK tax authority, HMRC, has acted to introduce a reverse charge for supplies of renewable energy certificates. These certificates are issued to.... read more
IASB Chair: bringing more transparency and discipline to non-GAAP
International Accounting Standards Board Chair Hans Hoogervorst said that the Board will propose accounting standard changes that will improve.... read more
Libra’s future in the balance
Libra is being promoted as a simple global currency and financial infrastructure that can empower billions of people. It is being built on.... read more
Goals Soccer Centres plays defence against Sports Direct
Troubled Goals Soccer Centres has confirmed that it received a letter on 14 June 2019 from Sports Direct International plc, the firm’s largest.... read more
Xeinadin details more practices coming on board
Kay Johnson Gee is a central Manchester-based firm of chartered accountants and business advisors, providing expert advice in taxation, corporate.... read more
