Other News

• June 1, 2017 CVR GLOBAL Looks Set to Strengthen its Market Presence in the UK by Merging with DDJ Insolvency CVR Global, an Insolvency and restructuring firm, recently made an announcement of its merger with DDJ Insolvency, which is a London based Insolvency firm. Apart from its merger with DDJ Insolvency, CVR Global has ...
• May 30, 2017 Uber admits to Underpaying Drivers in New York City due to an Accounting Error Uber will compensate its New York City drivers by paying the drivers tens of million dollars after admitting that its drivers were being underpaid for the last two-and-a-half years.  According to Uber, all this ...
• May 25, 2017 The Economy of London is Worth Ten Times More than the National Average According to UHY Hacker Young, London continues to be the powerhouse with regards to the UK economy and is also stretching its lead as the United Kingdom’s most stable and strongest economy. After the banking ...
• May 25, 2017 According to ACCA Financial Services Sector is being Impacted by Uncertainty Surrounding Brexit Negotiations According to a report released by ACCA on 24 May, 2017, the Uncertainty regarding the result of Brexit negotiations are affecting the ability of the global financial services to prepare, despite a significant number ...
• May 24, 2017 KPMG Breaks Ground on Learning and Training Facility in Florida The Big four firm KPMG has started working on the construction of its $400m learning facility in Orlando, Florida. On Monday, KPMG conducted a groundbreaking ceremony with regards to kick starting the construction of its ...
• May 22, 2017 FTSE 100 Companies are Failing in Providing Detailed Information with Regards to their Ethical Performance As per a research conducted by the Chartered Institute of Internal Auditors (the institute), the shareholders of the FTSE 100 companies are not being provided with detailed information with regards to ...
• May 16, 2017 Accounting Software Vendor Xero Continues to Impress with its Improving Financial Performance As per the recent set of results for the year to 31 March 2017, Cloud accounting vendor Xero has continued its good run in the market with a reported 43% growth in operating revenue from last year. In terms of figures ...
• May 11, 2017 Barclays is Set to pay $97 Million to Settle Claims of Overbilling its Clients As per the U.S. Securities and Exchange Commission (SEC), Barclays PLC is all set to pay $97 million to settle the claims that the bank overcharged its clients with regards to advisory fees  and mutual fund sale ...
• May 10, 2017 Complaint from ClientEarth Forces Oil and Gas Firms to Change its Approach to Climate Reporting The complaint from ClientEarth to the Financial Reporting Council (FRC), with regards to lack of disclosures relating to climate risk, has resulted in two fossil fuel companies making changes with regards to their approach ...
• April 29, 2017 Most of the OECD Countries use Accrual Accounting while preparing their Financial Reports As per a study conducted by the IFAC and the OECD, almost 75% of the OECD countries use accrual accounting when preparing their year-end financial statements. According to the research the annual budgets of more than 25% ...