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Accounting News

Accounting - Tax

Audit Office says benefits fraud and error costs £72m

09/12/2014(0)
Benefit overpayments due to fraud and error in Northern Ireland rose to £72m in 2013, according to figures contained in an Audit Office report. The 2013 total is an ... Read More
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PwC staff grilled by MPs over Luxembourg deals

09/12/2014(0)
Accountants and business advisors PricewaterhouseCoopers (PwC) came under fire from MPs yesterday during a parliamentary hearing. The hearing followed the leak of hundreds of Luxembourg tax rulings at the beginning ... Read More
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Accounting watchdog warns retailers after Tesco scandal

08/12/2014(0)
British retailers must provide clear information to investors about their income from suppliers, the country’s accounting watchdog said on Monday as it investigates a book-keeping scandal at leading supermarket ... Read More
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7 risk areas for the 2014 audit cycle

05/12/2014(0)
Revenue recognition, internal control over financial reporting, and professional skepticism are among the seven key areas for 2014 audit consideration, according to an alert sent Thursday by the Center ... Read More
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IASB publishes consultation on controlled pricing and accounting for investments

02/12/2014(0)
The International Accounting Standards Board (IASB) has published consultation papers on rate regulation and accounting for investments, and updated standards on consolidated financial statements. Rate regulation The IASB discussion ... Read More
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Tesco boss Dave Lewis overhauls management structure amid accounting scandal

02/12/2014(0)
Tesco’s newly appointed CEO Dave Lewis has overhauled the management structure of the British retailer in the wake of an accounting scandal that led to eight managers being suspended. ... Read More
Stock-Index

MOL Global shares tumble on Vietnam accounting glitch, profit slump

02/12/2014(0)
Shares in MOL Global Inc (MOLG.O), the first Malaysian company to list in the United States, fell more than 60 percent on Monday after the online payments company reported ... Read More
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Tax Policy Makers need to understand what they’re trying to achieve, says ACCA report

01/12/2014(0)
The threat of retrospective legislation is “most potentially devastating form of tax uncertainty” Policymakers should clearly communicate the aim of each tax measure to enable taxpayers to understand what ... Read More
The European Commission's new President Juncker greets EU Commissioner Hill during the first official meeting of the EU's executive body in Brussels

EU’s Juncker survives no-confidence vote over tax deals

28/11/2014(0)
The European Commission’s new president, Jean-Claude Juncker, comfortably survived a no-confidence vote on Thursday brought over news that Luxembourg had lured multinational businesses with super low tax rates during ... Read More
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AUSTRALIAN GST BITCOIN TAX ANGERS ANDREAS ANTONOPOULOS

25/11/2014(0)
No one currently knows more abut how Bitcoin works than Andreas Antonopoulos. He is a leading public speaker on Bitcoin globally, even educating the Canadian Parliament for his expertise ... Read More
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