Financial and Accounting News

• October 25, 2018 Former Oil Company Executives Convicted of Fraud and Money Laundering The former chief executive officer (CEO) and chief operating officer (COO) of company Afren have been found guilty of committing fraud and money laundering over a $300m oil deal.  At Southwark Crown Court, ...
• October 24, 2018 ACCA Signs MOU with the Chamber of Auditors of Republic of Kazakhstan ACCA (the Association of Chartered Certified Accountants) have signed an agreement with the Chamber of Auditors Kazakhstan (COA) to further develop and support the audit profession in Kazakhstan. As per the MOU ...
• October 23, 2018 HMRC Enquiring English Premier League Clubs and Players Over Potential Tax Avoidance on Sale of Players’ Image Rights HMRC is enquiring more footballers and their agents regarding allegations of potential tax avoidance with respect to players’ image rights. Currently 171 football players, 44 English premier league and Football ...
• October 22, 2018 SEC Urges Companies to Focus on Employing Better Accounting and Audit controls against Cyber Threats The US regulator Securities and Exchange Commission (SEC) has urged companies to take threats from the cyber world more seriously than they are doing right now when developing and implementing internal controls for the ...
• October 17, 2018 BDO is Set to Replace PwC as JKX Oil & Gas New External Auditor JKX Oil & Gas, a British-based exploration and production company, listed on the London Stock Exchange, is set to replace BDO with PwC as its External auditor. The company has said in a statement that BDO are ...
• October 10, 2018 Uncertainty Surrounding Brexit Results in Drop of Confidence in the UK Economy As per the Global Economic Conditions Survey (GECS) released by IMA® (Institute of Management Accountants) and ACCA (the Association of Chartered Certified Accountants) revealed that confidence in the UK economy has ...
• October 10, 2018 Companies not in Support of the Idea of Workers on Boards According to a study by ICSA: The Governance Institute, most companies in the UK feel that the idea of having workers on the board is flawed and therefore those companies are not in any way planning to introduce the ...
• October 9, 2018 Majority of Young Finance Professionals Feel Threatened by Emerging Technologies As per a study conducted by a financial analytics firm named Metapraxis, the opinion of new breed of finance professionals is mixed with regards to the impact of the developing technologies on the financial services ...
• October 8, 2018 BDO Reports 8.5% Increase in Revenue BDO recently released its results as per which the audit and consultancy firm recorded an increase of 8.5% in its revenues and as a result the revenue of the firm increased to £464.1m from £427.8m when compared with the ...
• October 5, 2018 Company Bosses Jailed for Tax Fraud Two company bosses have been found guilty of stealing tax amounting to £360,000, following an investigation carried out by the HMRC.  Craig Williamson from West Yorkshire and Mark Creswell from Lincoln, both ...