Search Results for: accountancy

While Cambodia’s GDP growth over the past two decades has been tremendous, averaging 7.6% per year since 1995, Cambodia remains a developing market and its accounting industry is still very much a work in progress. One person deeply involved with helping push its accounting world forward in Cambodia is 40-year-old Kimleng Khoy.…

Nobody has yet made a wholly compelling claim that for all the resources being devoted to fighting money laundering, regulators, law enforcers and businesses are winning the battle against it. Indeed, there is no consensus that the anti-money laundering (AML) establishment is even approaching the challenge in the right way by relying so heavily on the private sector.…

Companies are being offered an increasing amount of advice, guidance and tools to fight the demand for and payment of small bribes such as cash and vouchers, benefits in kind such as tickets to sporting events, pre-paid phone cards, alcohol, tobacco and perfume.…

The Bangladesh cabinet on Monday (Nov 10) finally proposed a long awaited law to regulate Bangladesh’s audit profession, which had been stalled amidst disagreements between auditors and management accountants

A draft Financial Reporting Act will now be presented for a vote by the country’s parliament, the Jatiyo Sangshad, although the government has yet to release full details.…

As anti-money laundering (AML) regulations become more complex and demanding, compliance technology and software providers are updating their solutions to screen more data, more efficiently, and present the results in a comprehensible way. Companies have been honing products to help clients switch to their software, dealing with problems such as incorporating old data from a legacy system; moving such data efficiently and accurately; and minimising errors by staff unused to the system.…

While Africa can be a tough place to work, it offers key opportunities for skilled financial professionals who can develop an understanding of how African business operates. Susanne Swaniker-Tettey, chief financial officer at Okavango Diamond Company Pty Ltd, is one such specialist.…

As farms and agricultural organisations face changing accounting demands from legislatures and financial institutions around the world, accountants face greater pressures to develop specialised agricultural knowledge.

Indeed, accounting services provided to the farming industry within the European Union (EU) are becoming increasingly important, notably because of reforms to the EU Common Agricultural Policy (CAP), experts have told Accounting & Business.…

With less than one-and-a-half years until the Association of Southeast Asian Nations (ASEAN) creates its own European Union (EU)-style single market, the bloc is about to sign off on a ‘mutual recognition arrangement’ (MRA) on accountancy services. This is designed to help the mobility of accounting professionals wanting to work across the 10 member states, and all their governments bar the Philippines (expected to sign in October) have now signed up.…

THE EUROPEAN Commission has amended European Union (EU) rules on establishing a network for collecting accountancy data on farm incomes and businesses, used to assess grants and subsidies. The changes include new rules for selecting statistically representative holdings; fixing reference periods and methods for classifying farms; and how to collect and group accountancy data.…

THE HONG Kong Institute of Certified Public Accountants (HKICPA) has welcomed the launch by the Hong Kong government of proposals to reform the special administrative region’s regulatory regime for auditors of listed companies and other organisations.

There will be three months of consultation (ending September 20) on the proposals whose goal is enhancing the independence of Hong Kong’s audit regulators.…