Search Results for: accountancy

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.…

BY ALAN OSBORN
THE EUROPEAN Parliament now seems almost certain to refuse to rubber stamp the books for the EU’s Pounds 65 billion budget ()for 2001 next month (April) following new disclosures in the row over revelations of serious weaknesses in the European Commission’s accounting procedures by its former chief accountant Marta Andreason.…

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.…

BY KEITH NUTHALL
STREAMLINING, multi-tasking and flexible posting of employees may be important weapons in the arsenal of a personnel team looking at getting the most efficiency out of their company, but managers had better make sure that their policies are legal, not only under national laws, but European law too.…

BY ALAN OSBORN
NEIL Kinnock, vice-president of the European Commission, is to appear before the budgetary control committee of the European Parliament tomorrow (Tuesday) in a crucial session for the credibility of the Commission’s accounting procedures and possibly for Mr Kinnock’s own future in Brussels.…

BY MARK ROWE and ALAN OSBORN, in London, PHILIP FINE and MONICA DOBIE, in Montreal, and RICHARD HURST, in Johannesburg

RATCHETING up security has been a prime concern of the nuclear industry since the September 11 attacks, with all countries possessing commercial reactors addressing the issue to some extent.…

BY KEITH NUTHALL
Europe’s ambitious Galileo programme to establish a global satellite navigation system is clearly a project that likes to keep its supporters in a state of fairly constant nervous tension. At a cost of 3.2 billion euros, Galileo was never a sure-fire runner to begin with.…