Financial and Accounting News

• August 15, 2017 BDO Annual Football Finance Directors survey 2017 According to BDO’s survey, 86% of the football clubs believe their financial position to be ‘very healthy’ or at least ‘not bad’, with only few of the finance directors of football clubs suggesting that the finances ...
• August 14, 2017 IFAC Publishes Guidance on Accountancy Regulation The International Federation of Accountants (IFAC) has announced to provide support to countries with regards to developing an effective Professional Accountancy Organisation (PAO), to reflect all the changes made in the ...
• August 9, 2017 IASB Urged to Improve Standards-setting Processes According to an independent study, the International Accounting Standards Board (IASB) should work to make standards more simple and easy to understand and make sure that they are released on a more consistent ...
• August 8, 2017 Legal and Accounting Businesses Contribute £15.5bn in Taxes for UK Treasury Legal and accountancy firms generated £15.5bn in tax in 2015/16, according to a report prepared by the PwC for TheCityUK, the lobby group for financial and related services industry in the UK. The total amount of ...
• August 7, 2017 PCAOB sanctions Crowe Horwath’s Hong Kong Firm The Public Company Accounting Oversight Board (PCAOB) recently announced that registration of the Crowe Horwath’s Hong Kong firm has been revoked in a settled disciplinary order after the firm refused to cooperate with ...
• August 2, 2017 FCA Pushes the Banking Sector to Improve Bank Current Account Services The Financial Conduct Authority (FCA) is consulting on proposals launched in relation to assisting bank customers in making adequate comparisons of the service levels available for business current accounts and personal ...
• August 1, 2017 British Telecom to pay £225m in order to Avoid Court Proceedings over Italian Accounting Scandal Bristish Telecom has recently revealed in a statement that due to accounting scandal that was discovered at the Italian division forced the company to pay a total sum of £225m as settlement against warranty claims with ...
• July 31, 2017 Deloitte Faces Revolt from Shareholders of Mitie The UK based outsourcer Mitie has revealed that it faced significant opposition from the shareholders in relation to the reappointment of Deloitte as auditor at the company’s annual general meeting (AGM), and as a ...
• July 28, 2017 ACCA Announces Research Initiative in relation to Belt and Road Project ACCA (the Association of Chartered Certified Accountants) has recently made an announcement regarding conducting a new research with regards to the impact of China’s Belt & Road initiative. The research project ...
• July 27, 2017 Wetherspoon Replaces PwC as their External Auditor Pub giant JD Wetherspoon (JDW) has recently made an announcement regarding ending its 34-year long relationship with PwC as the company is set to replace big four firm with Grant Thornton as its external auditors once ...