Financial and Accounting News

• July 28, 2021 HMRC provides Clarity on Penalty Regime for Deferred Value Added Tax HMRC has confirmed that the penalty regime related to non-payment of Value Added Tax (VAT) due to the deferred VAT scheme is now in place. The said VAT scheme was introduced at the beginning of the COVID-19 pandemic.  ...
• June 26, 2021 Rentokil Replaces KPMG with PwC as its Auditor Listed pest control company Rentokil has dropped the Big Four Firm KPMG as its auditors only after four years since the last audit tender. KPMG had been Rentokil’s auditor since 2009, and the audit firm was reappointed i ...
• May 24, 2021 IAASB Issues Revised Work Plan for the Remainder of 2021 The International Auditing and Assurance Standards Board (IAASB), after consultations with the Public Interest Oversight Board, has issued a revised plan for the remainder of the current year. The IAASB has ...
• May 20, 2021 How To Find the Best Candidates with a Financial Modelling Test Financial modeling is an important aspect of financial planning, making investment decisions, and raising capital. For a business, being able to accurately model and predict financial results is critical for long-term planning and success.
• April 6, 2021 BDO Replaces Deloitte as Auditors of Warehouse REIT Warehouse REIT, a specialist warehouse investor, has confirmed the appointment of BDO as its new auditor for the financial year ending March 31, 2022. The decision of appointing BDO as the company’s new external a ...
• April 5, 2021 Is It Possible to Earn Regular Profit from Gold Trading in 2022 Many would argue that gold is well past its glory days in terms of its financial value, and recent data can certainly attest to that. On January 26th, 2022, the closing price per ounce was $1849, a decrease from the ...
• February 22, 2021 IASB Plans to Extend IFRS 16 support for Lessees The International Accounting Standards Board (IASB) recently published a consultation with regards to a proposal related with the extension in the application period of amendment to IFRS 16 Leases, by one year. The ...
• February 12, 2021 IASB Issues Reporting Guidance related to Going Concern through IFRS Foundation The International Accounting Standards Board (IASB) recently issued guidance (through IFRS Foundation) regarding applying going concern judgments when preparing and finalizing financial statements, in light of the ...
• 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 ...