Search Results for: accountancy

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).…

Central Bank theft – casino repercussions: the Philippines

The theft in February of $101m from the Bangladesh Bank account at the Federal Reserve Bank New York in an audacious hack of SWIFT codes saw funds flow to casino accounts at Rizal Commercial Banking Corporation in the Philippines.…

COMPANIES and the financial professionals that work with them have many risks to worry about, but few can seem as menacing and as alien as the so-called ‘dark web’.

The Internet can be described as an iceberg: the websites and services most people use regularly are the tip, but there is an entire other, much larger world submerged below.…

WITH the Paris Agreement on fighting climate change having come into force on November 4, financial and environmental reporters will start to prepare in earnest for the monitoring and reports that will follow its implementation. Of course, ironically, four days later – on November 8 – Donald Trump was elected as President of the United States, having campaigned against the agreement.…

To keep pace with today’s global and interconnected world, auditors must move with the times, European experts told a high-level Brussels conference on November 16.  Maggie McGhee, director of professional insights at the Association of Chartered Certified Accountants (ACCA) – joint hosts of the ‘Future of Audit’ conference with assurance, tax and advisory services network Grant Thornton International, said: “Auditors need to adapt and constantly innovate.…

Global accountancy giant PricewaterhouseCoopers (PwC) has reached an undisclosed settlement with trustees of bankrupt US mortgage company Taylor, Bean & Whitaker (TBW) for failing to detect fraud during seven years of audits.  Although the settlement is confidential, it will be high as TBW trustees originally sued PwC for USD5.6 billion in 2013.…

A WORK-study programme launched in Singapore last year (2015) is picking up pace with the scheme now covering 21 sectors, from an initial seven. Singapore’s Earn and Learn Programme (ELP) is one of various schemes launched as part of SkillsFuture, a national initiative aimed at fostering a culture of lifelong learning and skills mastery within the city state.…