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Accounting

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Key questions for audit committees to ask about internal audit

22/07/2014(0)
An effective relationship between the audit committee and internal auditors is fundamental to the success of the internal audit function. It has become increasingly important for audit committees to ... Read More
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Policymakers warned of persistent risks as accountancy bodies publish five-year “healthy check” of the global economic recovery

21/07/2014(0)
Threats to long term economic stability remain as countries recover from the global economic crisis, according to a five year review of finance professionals’ economic insights. Any recovery may ... Read More
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EU, Fiji To Implement Interim Pacific EPA

21/07/2014(0)
On July 18, Fiji notified its decision to apply the interim Pacific Region Economic Partnership Agreement (EPA), which provides for duty and quota free access into the European Union ... Read More
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Accountants To See IRS In Court Over Tax Preparer Program

18/07/2014(0)
The American Institute of Certified Public Accountants (AICPA) has filed a federal lawsuit calling for the voluntary tax return preparer regulatory program planned by the United States Internal Revenue ... Read More
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MPs grill HMRC over accounts and new powers

18/07/2014(0)
HMRC’s chief executive, Lin Homer, has told MPs that it will let the National Audit Office check its forecasts for tax collection after it miscalculated figures by £1.9bn a ... Read More
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Australia repeals controversial carbon tax

17/07/2014(0)
Australia’s government repealed a much-maligned carbon tax on the nation’s worst greenhouse gas polluters on Thursday, ending years of contention over a measure that became political poison for the ... Read More
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MP Andrew Mitchell invested in scheme HMRC says avoided tax

17/07/2014(0)
Former government chief whip Andrew Mitchell has invested in a high-profile film financing company considered to be a tax avoidance scheme by HMRC. Tax collectors say the scheme’s investors ... Read More
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South Africa’s Davis Committee Proposes Tax Reforms For SMEs

16/07/2014(0)
The Davis Tax Committee (DTC), which was set up by the South African Ministry of Finance in July 2013 to make recommendations for possible tax reforms, has issued an ... Read More
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IRS Issues Final Regs On Truncated TINs

16/07/2014(0)
As part of efforts to combat identity theft and tax refund fraud, the United States Treasury Department has released, in the Federal Registry, final regulations applicable to the use ... Read More
HMRC

HMRC publishes list of suspect tax avoidance schemes

15/07/2014(0)
HM Customs and Revenue (HMRC) has published a list of more than 800 schemes that it believes are deliberately designed to avoid tax. The list consists of a series ... Read More
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