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Search Results for: accountancy

10 results out of 270 results found for 'accountancy'.

BLOCKCHAIN TECH OFFERS KNITWEAR SECTOR CHANCE TO BOOST MUCH NEEDED SUPPLY CHAIN TRANSPARENCY

AS DIGITALISATION takes over supply chains, disruptive technologies such as blockchain and artificial intelligence are revolutionising industries globally – and the knitwear industry is no exception. Indeed, the launch of the world’s first system tracking and tracing knitwear with blockchain technology, launched in May 2017, has stirred the industry’s interest, experts behind the project say.…

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ASSURING NON-FINANCIAL REPORTING IS INCREASINGLY IMPORTANT, SAY EXPERTS

WITH reputational risk being an increasing concern for investors, the demand for information in accountancy reports that goes well beyond the balance sheet is growing. And, companies want to be sure that such data is of solid quality – making emerging forms of external reporting (EER) assurance the key focus of a high-level accounting meeting staged in Brussels on November 8.…

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VALERIE PATISSERIE FINANCE DIRECTOR IN SFO FRAUD PROBE

THE UK Serious Fraud Office (SFO) has opened a criminal investigation into fraudulent activity at bakery chain Valerie Patisserie by finance director Chris Marsh after a GBP20 million black hole was found in the accounts.  After discovering historical statements about company finances were “were mis-stated and subject to fraudulent activity and accounting irregularities,” Chairman of the Board, Luke Johnson, had to step in with loans from his own funds to stop the chain sinking.…

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WHISTLEBLOWING LAWS WILL BOOST FIGHT AGAINST MONEY LAUNDERING, SAY EXPERTS

NEW European Union (EU) rules on whistleblower protection proposed by the European Commission will help the fight against money laundering and terrorist financing, EU experts have told Money Laundering Bulletin.

The proposals unveiled on April 23 for a directive ‘on the protection of persons reporting on breaches of Union law[*], “will strengthen the enforcement of the fourth anti-money laundering directive [4AMLD], complementing the directive’s existing rules [Article 61] on whistleblower protection, aligning them with the common high standards of protection,” a Commission official said.…

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AML RESOURCES SHOULD BE BETTER TARGETED TO FIGHT LOOMING CAPACITY CRISIS, EXPERTS ADVISE

CONCERNS continue to grow about capacity in anti-money laundering/combating the financing of terrorism (AML/CFT) systems, with managers being urged to take advantage of the AML profession’s openness to change.

A Dow Jones/ACAMS (Association of Certified Anti-Money Laundering Specialists) global anti-money laundering survey focusing on retail and commercial banking, private banking/wealth management and investment banking, released April 2016, showed 60% of respondents cited increased regulatory expectations as the greatest AML compliance challenge (http://files.acams.org/pdfs/2016/Dow_Jones_and_ACAMS_Global_Anti-Money_Laundering_Survey_Results_2016.pdf

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FRAUD STATISTICS IMPORTANT, BUT NEW PROACTIVE DETAILED DATA COULD BE MORE EFFECTIVE IN DRIVING POLICY, SAY EXPERTS

FRAUD poses a “tremendous threat to organisations of all types and sizes, in all parts of the world”, according to the Association of Certified Fraud Examiners (ACFE) – which like many expert groups have sought to demonstrate the scale of the problem with statistics.…

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FRAUD STATISTICS IMPORTANT, BUT NEW PROACTIVE DETAILED DATA COULD BE MORE EFFECTIVE IN DRIVING POLICY, SAY EXPERTS

FRAUD poses a “tremendous threat to organisations of all types and sizes, in all parts of the world”, according to the Association of Certified Fraud Examiners (ACFE) – which like many expert groups have sought to demonstrate the scale of the problem with statistics.…

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IRISH ACCOUNTANTS LEAD CORPORATE PUSH FOR PRODUCTIVITY BOOSTS THROUGH OFFICE DESIGNS

As Ireland approaches full employment, (unemployment is currently just 6.3%), companies facing higher labour costs and competition for staff are improving their workplace environment to become more attractive as employers. They also hope that a new generation of high-spec office spaces – some being unveiled by accounting firms – will boost productivity.…

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SINGAPORE GOVERNMENT PLOTS EXPANSION OF CITY STATE ACCOUNTING SECTOR

THE SINGAPORE government has released an accountancy roadmap, enabling the profession in the city state to grow 5.6% annually to generate Singapore dollars SGD2.03 billion (USD1.48 billion) in nominal value-added income, creating 2,000 new PMET (professionals, managers, executives and technicians) jobs by 2020.…

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CHANGE ESSENTIAL IN TODAY’S ACCOUNTING PROFESSION, SAYS BOUTELLIS-TAFT

KEEPING accounting relevant through ongoing transformation is the driving force of Olivier Boutellis-Taft, chief executive of Accountancy Europe. “Change is my fuel,” says the industry organisation chief, speaking to Accounting & Business at his office in the heart of Brussels’ European Union (EU) quarter.…

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