Financial and Accounting News
- February 16, 2015 Audit Committees Feel Uncertainty As per a KPMG’s survey, audit committees around the world have reported that the operational risks, regulatory compliance and political and economic volatility and uncertainty are the challenging issues companies would ...
- February 9, 2015 Welcome International Financial Reporting Tool (IFRT) Today we are happy to announce the international version of the tool enabling to prepare perfect statements in full IFRS compliance - International Financial Reporting Tool (IFRT). Many years of experience in audit ...
- January 9, 2015 Sales Tax Revenue Surge Creates Need for Greater Practitioner Expertise Currently about USD 400 billion of Sales tax is being collected by the state regulators in comparison to collections of around USD 250 billion in 2003. Ryan Himmel, chief executive of BIDaWIZ Incorporation (a ...
- January 9, 2015 3 Ways Taxpayers Can Sidestep Possible Estimated Tax Penalties Every regular salaried person recognizes that federal tax is to be paid as they receive their salary. On the other hand, there can be problems for those who earn all or part of their income from other income streams. Tax ...
- January 5, 2015 Start-Up Awards Shortlist Announced The final nominations for the yearly Arabian Business Start-Up Awards have been publicized. The event will be held on November 26 at the Westin Mina Seyahi Resort & Marina. Awards will be presented for 12 categories ...
- January 1, 2015 Grimm to Resign from New York U.S. House Seat after Guilty Plea An American Republican, Michael Grimm, is planning to leave the House after his conviction as guilty to a federal tax charge. He announced last night that his spirit and the voters’ determination have not been ...
- January 1, 2015 Father-Son Tax Preparers Convicted in Israeli Bank Tax Case A father and son were penalized in Los Angeles. They carried out the business of tax preparation and they worked together with their clients to set-up secret foreign bank accounts in order to cheat the Internal Revenue ...
- January 1, 2015 IAASB Sets New Strategy and Work Plan for Audit Quality Last week, the IAASB‘s work plan for 2015-2016: Enhancing Audit Quality and Preparing for the Future and the strategy for 2015-2019: Fulfilling Our Public Interest Mandate in an Evolving World was announced. While ...
- January 1, 2015 CSC to Pay $190mn to Settle SEC Accounting Probe The United States Securities and Exchange Commission conducted an accounting investigation under which the Computer Sciences Corporation (CSC) has agreed to a proposed settlement and make amendments to its financial ...
- December 28, 2014 Trainee Accountant Spared Jail over Rodney Trotter Ruse A Ping-Pong player and a trainee accountant has been convicted for falsely naming himself as Rodney Trotter and selling fake goods through a brazen bid on Facebook. As per Wales Online report, under the Trademarks Act, ...
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