Latest News
OECD launches consultation on misuse of residence by investment schemes
The OECD has launched a consultation on the misuses of residence by investment (RBI) schemes for tax evasion/avoidance purposes.. read more
Veritas Capital acquires PwC USA public sector advisory business
An affiliate of Veritas Capital, a private equity investment firm, has acquired PwC USA public sector advisory business.. read more
HLB UK client survey finds broad anti-Brexit views
Sixty two percent of HLB UK clients believe that the UK government is handing Brexit negotiations badly, with 46% expecting that their businesses.... read more
UK’s digital and culture secretary urges businesses and charities to prepare for stronger data protection laws
Fewer than half of UK businesses and charities are aware of data protection laws four months before they come into force, according to research.. read more
Indian tax reform disrupted businesses: IFAC Survey finds
Around 64% of Indians surveyed believe that the Goods and Services Tax (GST) rollout led to a disruption among the businesses community across the.... read more
ACCA calls for open and honest debate about quality of audit
The Association of Chartered Certified Accountants (ACCA) has published a guide, ‘Tenets of a quality audit’ highlighting the features that a.... read more
Countries must strengthen tax systems to meet Sustainable Development Goals
The IMF, the OECD, the United Nations and World Bank Group have called on governments to strengthen and increase the effectiveness of their tax.... read more
EFAA launch survey on audit and alternatives to audit
The European Federation of Accountants and Auditors (EFAA) has launched a survey on audit and alternatives to audit for European small and.... read more
Businesses late on GDPR implementation
Businesses are late in implementing the EU General Data Protection Regulation (GDPR), according to EY Global Forensic Data Analytics Survey 2018.. read more
UK MPs on Carillion collapse: Big Four feasted on soon to be carcass
The UK’s Work and Pension Committee has published the responses of the Big Four to their queries on each of the firms’ involvement with Carillion.... read more
Sri Lankan institute appoints KPMG partner as its next president
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has appointed Jagath Perera as its 24th president, effective 8 February 2018.. read more
Three countries in contention to host World Congress of Accountants in 2022
Austria, France and India have each put forward a bid to host the World Congress of Accountants in 2022, The Accountant and International.... read more
South African regulator renews CEO’s contract
The South African regulator, the Independent Regulatory Board for Auditors (IRBA), has renewed their contract with current CEO Bernard Agulhas for.... read more
RSM UK appoints both a new CEO and chairman
RSM UK has appointed David Gwilliam as its new CEO, taking over from Laurence Longe who is becoming chairman after being CEO for 22 years, both.... read more
PwC UK sets new goal to further reduce carbon footprint
PwC UK has stated that since 2007, the firm has cut its overall carbon footprint by nearly 30% and it will now aim to reduce it by a further 40% by.... read more
Canadian audit regulator appoints former Deloitte managing partner as new CEO
The Canadian Public Accountability Board (CPAB) has appointed former managing partner for leadership development and succession at Deloitte Canada.... read more
Accountancy profession has a ‘key role to play’ in attracting diverse talent, finds ACCA
Expanding economies, technological advances and globalisation are increasing social mobility, but the accountancy profession has a key role to play.... read more
Papua New Guinea newly reconstituted standards setter reiterates IFRS adoption
Papua New Guinea has reconfirmed its adoption of IFRS and IFRS for SMEs as the national standards setter is reconstituted.. read more
With Carillion’s downfall eyes and fingers turn to KPMG, Deloitte and the UK FRC
The UK public services construction company Carillion has collapsed following financial losses where external auditors KPMG and internal auditors.... read more
RSM Tenon fined £1m over Quindell audit work
The UK Financial Reporting Council (FRC) has fined audit firm Arrandco Audit, formerly RSM Tenon, £1m (USA $1.4m) for audit failures at insurance.... read more
