Financial and Accounting News

• June 13, 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 ...
• June 12, 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 ...
• June 1, 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 ...
• June 1, 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 ...
• May 31, 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 ...
• May 31, 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 ...
• May 31, 2017 EY Collaborates with Wolters Kluwer Tax & Accounting to provide Information on Tax issues through CCH IntelliConnect Big Four firm EY has announced their agreement with Wolters Kluwer Tax & Accounting with regards to providing EY tax perspective and analysis through using the company’s award-winning CCH tax research platforms like ...
• May 30, 2017 Students Worry about Striking a Balance between Work and Personal Life According to a survey conducted by the CABA-the sector charity, about 38% of the accountancy students are not satisfied and happy with regards to their work-life balance. The survey also highlighted that a number of ...
• May 30, 2017 IFRS Foundation Trustees and the IASB Meets with the Japanese Stakeholders in the Wake of More Japanese companies Adopting IFRS Standards Recently the Trustees of the IFRS Foundation and the International Accounting Standards Board (IASB) met with the Japanese stakeholders with an objective to exchange views with regards to how IASB can assist them in ...
• May 30, 2017 Uber admits to Underpaying Drivers in New York City due to an Accounting Error Uber will compensate its New York City drivers by paying the drivers tens of million dollars after admitting that its drivers were being underpaid for the last two-and-a-half years.  According to Uber, all this ...