News
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15 January 2021
IASB Reviews Group Financial Reporting Standards
The International Accounting Standards Board (IASB) is looking to obtain feedback from relevant stakeholders on three of its International Financial Reporting Standards (IFRS), to assess the ease of implementation, ...
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15 January 2021
IRIS Group Accelerates Cloud Practice Management with Acquisition of Senta
IRIS Group (IRIS) has acquired Senta, the cloud practice management software for bookkeepers and accountants. This move by the software group comes at a time when most accounting firms are preparing their clients for the ...
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13 January 2021
Petrol Giant EG Group Appoints KPMG as its New Auditor
The Big Four Firm Deloitte has resigned from its position of external auditor to EG Group, the company set up by the Issa brothers who recently purchased Asda Stores Limited, and is to be replaced by another Big Four ...
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13 January 2021
M&G Decides to Appoint PwC as its External Auditor
Britain based Investment manager M&G has decided to appoint PwC as its new external auditor thus replacing KPMG which had been the firm’s statutory auditor since 1999
M&G is a well-known investment manager t ...
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31 October 2020
New Ethical Challenges for Accountants due to Covid-19
The pandemic has directed us to very difficult times due to its challenging new environment. While companies are trying to recover from losses, expert accountants are facing intense, new dilemmas that necessitate them to ...
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31 October 2020
UK’s ACCA Wins the Marketing Gold Star Award Thanks to their Digital Marketing Strategy
With employment and jobs being a hot topic for fresh graduates, ACCA’s accolade was a digital tactic designed to inspire and engage young viewers about careers within the accountancy sector.
These awards have been p ...
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18 October 2020
Top 10 Audit Firms in Dubai – United Arab Emirates
In the present world, auditing has become one of the essentials of every company, big or small. Being a business enterprise in Dubai means you’re operating in one of the top industrial hubs of the WORLD. This puts more p ...
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31 August 2020
Audit Fees for FTSE 100 Companies Hit £911m
Fees for audit services at FTSE 100 companies reached a new high, totaling to £911m in 2019 compared to £892m in 2018. This increase in audit fees is mainly due to pressure exerted on firms by regulators and clients to i ...
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29 August 2020
PwC Declines Proposed Audit Role at Russian Gold Mining Company
PwC has recently announced that it will not be able to accept its proposed appointment as external auditor to the Russian gold mining company Petropavlovsk, citing governance issues.
The big four firm was selected ...
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31 July 2020
IASB has Deferred Amendments made to IAS 1
The International Accounting Standards Board (IASB) has decided to defer the effective date by one year of amendments to International Accounting Standard (IAS) 1 Presentation of Financial Statements regarding the ...