Search Results for: accountancy

BY KEITH NUTHALL
A SIGNIFICANT rise in fraud committed within and against the institutions and programmes of the European Union (EU) will be reported by the next annual report of EU anti-fraud body OLAF, which has been obtained by Accountancy Age.…

BY ALAN OSBORN
AN INCREASE in the amount of fraud and irregularities reported to European Union anti-fraud unit OLAF will be noted in the organisation’s next annual report, which is about to be published, an OLAF official has told Accountancy Age.…

BY MARK ROWE and KEITH NUTHALL
THE EUROPEAN Union (EU) is piling pressure on the 10 eastern and southern European countries joining the organisation next May to abolish tax laws that currently break EU regulations and directives. The EU Council of Ministers has drawn up a list of 30 tax measures deemed “harmful” to Europe’s internal market that apply in the countries planning to join the EU next year, namely Lithuania, Latvia, Estonia, Poland, Czech Republic, Slovakia, Hungary, Slovenia, Cyprus and Malta.…

BY ALAN OSBORN
IT is an odd and depressing fact that employees who expose corruption, negligence and other malpractices in their work-place usually end up more reviled and outcast than those actually responsible for the wrong-doing in the first place. The institutions of the European Union offer excellent case studies in this regard.…

Keith Nuthall
Gavin as Muis’s resignation is not quite new I’ve led with Marta after

speaking to her this morning. Regards Alan (01702 582 332)

Marta Andreasen, the former chief accountant of the European Commission who

was suspended last year by EC vice-president Neil Kinnock following

disclosures of serious weakness in budget procedures, has written to Mr

Kinnock asking to be appointed as head of the Commission’s internal audit

service, replacing the present audit chief Jules Muis who is to resign

early next year.…

Keith Nuthall
SEVERAL thousand small and medium-sized companies throughout the EU

are to be exempted from certain accounting provisions following agreement

by European ministers on raising the qualifying thresholds. Under EU rules both small and medium sized companies are permitted to publish only an abridged balance sheet, abridged notes to the accounts and an abridged profit and loss account while small companies are further exempted from publishing a profit and loss account or an

annual report, from disclosing certain types of information in their

accounts and from having their accounts audited.…

BY KEITH NUTHALL
A NEW report on accountancy fraud has found that US companies are so desperate to inflate their earnings they are prepared to pay millions of dollars in tax on this fantasy income. Is this the ultimate example of pure greed trampling over common sense or are such businesses once more ahead of the game?…

Keith Nuthall
The end of the Marta Andreasen affair, which at one time cast

doubts over the discharge of the EU’s pounds 65 million budget for 2001,

may be in sight according to Brussels insiders. The betting is that

European Commission vice-president Neil Kinnock will drop disciplinary

proceedings against Ms Andreasen, the EC’s former chief accountant who was

suspended by Mr Kinnock last year after voicing criticism of the

Commission’s accounting procedures.…

BY KEITH NUTHALL
BRITISH accountants are the second most lightly regulated in the European Union (EU), with their Danish colleagues having the most freedom according to a European Commission-funded survey, promoting liberalisation in Europe’s professions. Belgium, Austria and Germany – where heavy regulation is often favoured – have the union’s most tightly restricted accountancy professions.…

Keith Nuthall
Mr Neil Kinnock, vice-president of the European Commission, appears

likely to escape any censure by the European Parliament over the so-called

Andreason affair and the matter is now expected to be put finally to rest

next week. Mr Kinnock has come under fire over attacks on the Commission’s

accounting procedures by its former chief accountant Marta Andreason who

was suspended from her post by Mr Kinnock last year.…