FASB on Thursday issued a revised standard that addresses investors’ concerns with the financial reporting of repurchase agreements and brings U.S. GAAP accounting for such transactions into closer alignment ... Read More
With an eye on simplification, the Financial Accounting Standards Board has taken up a few short-term projects to cut some unnecessarily complexity out of accounting rules and finalized new ... Read More
The European Central Bank (ECB) has unveiled a package supporting lending to the real economy in the Eurozone, a move strongly welcomed by ACCA (the Association of Chartered Certified ... Read More
Hertz Global Holdings, a favorite stock in recent months of some closely-watched hedge funds, disclosed on Friday morning that its audit committee had concluded that problems with the company’s ... Read More
An Essex accountant who sent in fake VAT returns for five years to evade nearly £100,000 and to live a lifestyle beyond his means has been ordered to pay ... Read More
Nicosia and New Delhi are inching closer to putting their double taxation avoidance agreement (DTAA) back on track, financial sources said yesterday. The sources, familiar with the subject but ... Read More
Japanese Prime Minister Shinzo Abe’s plan to reduce Japan’s corporate tax rate in the 2015 fiscal year has been agreed by the ruling Liberal Democratic Party’s (LDP) tax panel, ... Read More
Spanish Prime Minister Mariano Rajoy has unveiled plans to cut the corporate tax rate from 30 percent to 25 percent to increase the competitiveness of domestic companies. The tax ... Read More
The European Commission has described Ireland’s system of labor taxation as fragmented and complex, has criticized its range of value-added tax (VAT) rates, and called for improvements to environmental ... Read More
Nottingham accountant Serena Humphrey is urging businesses to be vigilant of fraudulent e-mails. The owner of F Word financial training company believes companies are continuing to fall victim to ... Read More
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