HMRC raids two popular football clubs in UK in tax fraud allegations; Reports for arrests

HMRC officials went to St James’ Park, where Newcastle have been celebrating a move back up to the Premiership, and also to the former Olympic stadium which is now ... Read More

Toshiba Is Replacing Its Auditor PwC Over Irreconcilable Differences

Toshiba Corp (TOSBF, +1.24%) has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, ... Read More

Accountants global survey shows automation is a new era for the accounting practice

Global Research: 86% of accountants happy for technology to make admin elements of their job invisible, freeing them to focus on their clients & building their practice Report reveals ... Read More
Donald Trump

Trump is said to seek cutting corporate tax rate to 15 percent

President Trump has instructed his advisers to make cutting the corporate tax rate to 15 percent a centerpiece of his tax-cut blueprint to be unveiled this week, according to ... Read More

Grant Thornton UK fined £2.3m over audit failures

Grant Thornton UK LLP (“GT”) and Robert Napper (a retired GT Partner) (together, the “Respondents”), have admitted Misconduct and agreed to fines and other sanctions. This follows the conclusion ... Read More

Half of UK accountants believe technology will replace them by 2030

50% of accountants that work in UK practices believe that technology will render 80% of their day to day duties obsolete by 2030, according to a recent poll by ... Read More
World Gold Council

Organisation to set up a common accounting framework for monetary gold

The World Gold Council is now seeking views on the draft guidance provided herein with respect to a recommended practice in accounting for gold. The views of monetary authorities, ... Read More
KPMG and Deloitte

FTSE 250 pharmaceutical specialist to replace Deloitte for KPMG

FTSE 250 pharmaceutical specialist the Vectura Group, which supplies products for the treatment of lung disease, is to appoint KPMG as external auditor from the 2017 financial year, replacing ... Read More
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How governments tax matters for productivity

Productivity drives our living standards. In our April 2017 Fiscal Monitor, we show that countries can raise productivity by improving the design of their tax system, which includes both ... Read More
robo finance

Accounting firms employ robots in their offices

Robotic software sweeping large accounting firms and clients While it doesn’t shoot lasers or clean her Minneapolis office Roomba-style, her “bot” can do some of her digital data dirty ... Read More
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