Latest News
IFRS’s Liikanen demonstrates ‘reasonable optimism’
On 19 June 2019, Erkki Liikanen, Chair of the Trustees of the IFRS Foundation, gave a speech at the Eurofiling Conference in Frankfurt, Germany,.... read more
European Commission publishes climate-related guidelines
The European Commission has published new guidelines on corporate climate-related information reporting, as part of its Sustainable Finance Action.... read more
Deloitte Ireland appoints eight new partners
Deloitte Ireland has appointed eight new partners across its business. Yvonne Byrne, Ciaran McGovern and Ruairí Mitchell have become partners in.... read more
PwC appoints Dame Fiona Kendrick to its Public Interest Body
PwC has appointed Dame Fiona Kendrick to its Public Interest Body (PIB) with effect from 1 July 2019. Dame Fiona, a former chief executive and.... read more
Businesses unprepared for major EU VAT overhaul
New research by Accordance VAT reveals that some 78% of European businesses are unaware of the upcoming EU Four VAT ‘Quick Fixes’ legislation, and.... read more
PwC Canada, New Frontier Data to collaborate on cannabis data
New Frontier Data and PwC Canada have announced an exclusive collaboration to improve the breadth and depth of the specialized cannabis data.... read more
UK tax gap down to 5.6%
HMRC collected 94.4% of all the tax due under UK law in 2017 to 2018. Overall, the tax gap has fallen from 7.2% since 2005 to 2006.The tax gap is.... read more
Guernsey, Jersey & Isle of Man to open up beneficial ownership registers
The governments of Guernsey, Jersey and the Isle of Man (collectively the Crown Dependencies) have jointly announced a series of steps regarding.... read more
EIB, Euroclear, Banco Santander & EY developing blockchain solution
The European Investment Bank (EIB), Euroclear, Banco Santander, and EY have worked together on an end-to-end blockchain solution for the issuance.... read more
FASB moves towards approving accounting relief on reference rate modifications
The Financial Accounting Standards Board (FASB) has taken a major step towards approving accounting relief for companies and organizations required.... read more
Dr Kay Swinburne joins KPMG UK as vice chair of financial services
Dr Kay Swinburne is due to join KPMG UK as Vice Chair of Financial Services from 1 July 2019. Swinburne will chair KPMG’s risk and regulatory.... read more
PwC launches solution supporting audit of cryptocurrency
PwC has unveiled an addition to its existing ‘Halo’ suite of auditing tools designed to provide assurance services for entities engaging in.... read more
Jet Airways heading for insolvency proceedings
Local press reports claim that Grant Thornton India partner and head of restructuring services Ashish Chhawchharia has been appointed as resolution.... read more
Bipartisan effort to delay implementation of CECL methodology
US Congressman Vicente Gonzalez has introduced a bipartisan bill to delay the implementation of CECL (current expected credit loss) while.... read more
Deloitte names Anne-Marie Malley as UK managing partner for Consulting
Deloitte has named Anne-Marie Malley as managing partner for Consulting in the UK, taking over from Richard Houston following his election to.... read more
UK measures to ensure small businesses get paid on time
For the first time large businesses in the UK could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.... read more
ARGA saga from ICAEW in response to Kingman
In its response to the Independent Review of the Financial Reporting Council (FRC) led by Sir John Kingman, the ICAEW says it regards the.... read more
Xero extends links with Stripe and PwC
Small business platform Xero has announced collaborations with global software company Stripe and professional services network PwC. Xero’s.... read more
Deloitte responds to IASB exposure draft ‘Interest Rate Benchmark Reform’
Deloitte has responded to the IASB’s exposure draft, ‘Interest Rate Benchmark Reform — Proposed amendments to IFRS 9 and IAS 39’, saying the firm.... read more
ICAEW concerns over consultation on 5MLD
The fifth money laundering directive (5MLD) has to be implemented into UK law by January 2020 and the consultation process seeks views on the.... read more
