Accounting Standards


ACCA published the five tenets of good corporate governance

ACCA (the Association of Chartered Certified Accountants) has published a report examining the interrelation between businesses and society, and the importance of good corporate governance in facilitating a positive ... Read More

Accountants professional body ACCA restructures its global markets

The Association of Chartered Certified Accountants (ACCA), the global body for professional accountants, has issued an announcement to inform about its revised structure. The global market portfolio for ACCA ... Read More
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Europe’s digital tax map: Where countries stand

The European Commission’s proposal to introduce a temporary levy to tax the revenues of digital giants is causing deep divisions between European countries, according to a POLITICO analysis of ... Read More

ACCA: What features a quality audit should possess

A quality audit is vital to public confidence in the audit process and its value. However, the key elements of a quality audit can sometimes exist in mutual tension, ... Read More

European Commission proposed new rules for more flexibility on VAT rates

The European Commission proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs ... Read More

OECD Supports States To Mirror EU’s Digital VAT Reforms

On October 24, the OECD released new implementation guidelines to support the collection of consumption taxes on cross-border sales. The guidance – Mechanisms for the Effective Collection of VAT/GST ... Read More

EU Council Approves VAT Derogation For Four States

In Volume 60 of the Official Journal of the European Union (L 265), published October 14, the European Council approved four proposals for council implementing decisions in respect of ... Read More

EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action

The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, ... Read More
European Commission

European Commission welcome digital taxation proposal

The European Commission has today welcomed a joint proposal from the so-called Big Four member states – France, Germany, Italy and Spain – on the taxation of large digital ... Read More

On anniversary of the global financial crisis, ACCA warns of new ethical risks

On the tenth anniversary of the global financial crisis, ACCA (the Association of Chartered Certified Accountants) warns that business cannot afford to be complacent about the importance of ethics. John ... Read More
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