Search Results for: accountancy

TRINIDADIAN accountant Anthony Pierre is clear that his major brief as the new president of the Institute of Chartered Accountants of the Caribbean (ICAC) is to help build a cadre of “future-ready” professionals willing to cooperate across national borders within the region and be guided by international best practice.…

ANTI-FRAUD measures are expensive, and investment is growing from a low base yet surprisingly few companies keep tabs on the impact of fraud on their profit/loss margins.

Annual fraud losses are estimated to cost the UK more than GBP193 billion (USD240 billion), according to the 2016 Annual Fraud Indicator report prepared by the Centre for Counter Fraud Studies at southern England’s University of Portsmouth in partnership with data services group Experian and accountants PKF Littlejohn.…

WITHOUT European Union (EU) supervision, the fight against fraud, in the UK at least, will become more difficult after ‘Brexit’, European fraud experts claim.

“London is already known to be a major money laundering centre, so that can only get worse once the EU ‘strings’ have been severed,” predicted Hugh Penri-Williams, fraud consultant and vice president of the Association of Certified Fraud Examiners (ACFE) France.…

Any professional involving in combatting fraud has an array of reports, statistics and research to choose from to help with their work. But what is useful intelligence and what is marketing froth? Fraud Intelligence has reviewed the output of publicly available fraud reports and asked some leading fraud professionals about how they use these reports.…

Machines are taking on more and more tasks traditionally carried out by accountants, Professor Richard Susskind OBE and his son Dr Daniel Susskind, an economics lecturer at the University of Oxford, UK, have warned. They were speaking at a ‘Digital Day’ conference in Brussels, staged on March 29, in a ‘What future for the professions?’…

THE DE-RISKING by major banks through cancelling correspondent banking relationships (CBRs) has started to raise such alarm that anti-money laundering institutions are starting to advise against such caution.

“There has been international pressure to make banks think twice about turning down customers and not just have blanket bans  on certain jurisdictions  or certain types of institutions,” said Sarah Ouarbya,  partner in Mazars, one of the UK’s largest accountancy firms and an international  specialist in audit, tax and advisory services.…

SOUTH African auditor-general Thembekile Kimi Makwetu has half of his seven-term left in which to solidify his preferred legacy – restoring the reputation of his country’s public sector institutions as trusted bodies that accept responsibilities and whose leaders understand and fulfill their duties.…

The Egyptian uprising of January 2011, has – regrettably – put the country’s accountancy sector on the back-foot, says Hazem Hassan, chairman of the Egyptian Society of Accountants and Auditors (ESAA), part of the International Federation of Accountants (IFAC), and chairman of KPMG in Egypt.…

WITH President Donald Trump having consigned the Trans-Pacific Partnership (TPP) trade deal to the dustbin of history, focus is now switching to his intentions over the Transatlantic Trade & Investment Partnership (TTIP) that has been under negotiation since 2013.

If completed, this could be one of the biggest trade deals ever signed – uniting the economies of the USA and the European Union (EU), which will still be huge, even if Britain makes good on its 2016 referendum result to quit the bloc.…

A long-held ambition by Malaysia Airports Holdings Berhad (MAHB) to create an aerotropolis, or airport city, anchored around Kuala Lumpur International Airport (KLIA) is taking key steps forward with a newly finalised master plan and a number of strategic partnerships.

The project, called KLIA Aeropolis, was announced in May (2016).…