Financial and Accounting News

• January 15, 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, ...
• January 15, 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 ...
• January 13, 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 ...
• January 13, 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 ...
• October 31, 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 ...
• October 31, 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 ...
• October 18, 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 ...
• August 31, 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 ...
• August 29, 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 ...
• July 31, 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 ...