News

• 19 July 2017 FSB Encourages Insurers to Act on the New Insurance Standard The Financial Stability Board (FSB) has recently released a statement in which the professional body welcomed the new insurance standard. The new insurance standard, IFRS 17, which was issued by the International ...
• 18 July 2017 CIPFA and IFAC announces the Launch of Public Sector Financial Accountability Index At the Chartered Institute of Public Finance and Accountancy (CIPFA)’s 2017 Annual Conference and Exhibition held in Manchester, UK, the International Federation of Accountants (IFAC) along with CIPFA announced the ...
• 17 July 2017 Fujifilm Discovers Accounting Irregularities in its Australian Subsidiary Japanese company Fujifilm holdings corp. has said that a third party investigating panel has found irregularities in accounting practices in its Australian unit in addition to the ones that have already been discovered ...
• 11 July 2017 Four Former Barclays Directors appear in Court over Fraud Charges Four ex-Barclays directors, including former chief executive John Varley, have recently appeared in front of court in a fraud case relating to the actions they took as directors of Barclays during the 2008 financial ...
• 13 June 2017 BT Replaces PwC with KPMG as its Auditor after Italian Accounting Scandal British Telecom (BT) has selected KPMG to replace PwC as its new auditor and by doing so the telecoms giant has ended a 33-year relationship with PwC. This decision by BT has been made in the wake of an accounting fraud ...
• 12 June 2017 Deloitte publishes the Fifth Edition of their Report on Gender diversity on Corporate Boards Companies with females in leadership positions like chief executive officer (CEO) or board chair have almost double the amount of women on the corporate boards when compared with companies that are led by men, according ...
• 1 June 2017 CVR GLOBAL Looks Set to Strengthen its Market Presence in the UK by Merging with DDJ Insolvency CVR Global, an Insolvency and restructuring firm, recently made an announcement of its merger with DDJ Insolvency, which is a London based Insolvency firm. Apart from its merger with DDJ Insolvency, CVR Global has ...
• 1 June 2017 Bank of Ireland Appoints KPMG as their New Auditor Bank of Ireland recently announced its decision of appointing KPMG as its new auditor replacing PwC which held the position of external auditor to the banking group for past 27 years. The decision of selecting ...
• 31 May 2017 Chinese Football Association Introduces Rule of 100% tax on Signings of Foreign Players The Chinese Football Association (CFA) has recently announced a restriction to be imposed on all the Chinese Super League clubs in which the clubs will have to pay 100% tax on transfer fee paid for signing a foreign ...
• 31 May 2017 BlackLine targets outsourcers as a medium to reach out to small and medium sized businesses The enterprise software company BlackLine has announced to make available its cloud-based financial close automation software to accounting and finance outsourcers that basically provide services to small and medium sized ...