Financial and Accounting News

• July 18, 2011 Government Plans More Changes in IFRS MUMBAI: The government is planning to introduce additional changes to global accounting standard, IFRS, to make it more palatable for Indian companies, overriding the international opposition to amendments already made. Such ...
• July 18, 2011 SEC Urged to Go Slow On Global Accounting Move The United States should move towards use of international accounting standards but must not rush the process, business representatives and accountants told the Securities and Exchange Commission on Thursday. If the United ...
• July 18, 2011 HMRC Must Back up Collaboration Claim THE TAXMAN'S emphasis on collaboration in settling tax disputes must be carried out in practice, advisors have said. HM Revenue & Customs issued its revised settlement and litigation strategy today. It promises to ...
• July 18, 2011 HMRC Placed Under Microscope Small business owners across the UK could be among those interested in recent activity regarding HM Revenue & Customs (HMRC). The Treasury Sub-Committee has held an evidence session today in order to determine ...
• July 18, 2011 Businesses Offered Olympics Advice From HMRC Small businesses around the UK have been offered online advice from HM Revenue & Customs (HMRC) with regard to the forthcoming Olympic Games. The department has invited enterprises hoping to secure Olympics ...
• July 15, 2011 China’s Regulator Looking into Accounting Issues China is looking into accounting issues involving Chinese companies listed in North America, an official at the country's securities regulator said in the watchdog's first public remarks since a series of accounting ...
• July 15, 2011 IFRS Roundtable on Adoption of IFRS: Investor Viewpoint By Anne Rosivach The Securities and Exchange Commission (SEC), which is responsible for accounting standards in the U.S. and for the protection of investors, has said it will decide by the end of this year whether to ...
• July 15, 2011 More Than 70 Jurisdictions Apply ISAs On June 30 2011, Prof. Arnold Schilder, the Chairman of the IAASB, delivered a speech on global progress in the use of the Clarified International Standards on Auditing (ISAs) at the 2011 annual conference on Accounting and ...
• July 15, 2011 Small Companies Criticize Switch to IFRS A group of CFOs and finance executives fr om small public companies had little positive to say last week about a possible switch to IFRS. Shifting to IFRS would be painful and costly, the executives said during a Securities ...
• July 14, 2011 Anti-Offshore Bill Reintroduced In US Congress Carl Levin, the Democrat Chairman of the United States Senate Permanent Subcommittee on Investigations, has introduced legislation, entitled the Stop Tax Haven Abuse Act, which is aimed against so-called offshore tax ...