Search Results for: accountancy

The European Union (EU) has ended nearly four years of speculation and uncertainty for auditors by agreeing a package of audit reforms that reflects major signs of compromise but which nevertheless will bring about big changes in the profession. The clear hope is that the changes will lead to a more competitive and effective audit profession, thereby helping prevent a repeat of the financial crisis of the last few years.…

THE SINGAPORE Parliament has beefed up the powers of the country’s accounting regulator, especially over corporate service providers. MPs passed an accounting and corporate regulatory authority (amendment) bill, which will insist corporate service providers be registered as filing agents, able to help companies with their establishment, legal advice, regulatory filings, office hosting and secretarial services.…

EUROPEAN accountants are looking to the negotiations for a free trade agreement between the USA and the European Union (EU) with the hope that it will make it easier for them to switch shores of the Atlantic to practice their profession.…

RECENT scandals involving the mis-selling of financial products, the rigging of the LIBOR interest rate for interbank lending, insider fraud, and bribery and corruption throughout and beyond companies’ supply chains are costing organisations dearly both financially, reputationally and legally.

In the US, the Foreign Corrupt Practices Act (FCPA) lies in wait for wrongdoers; in the UK it is the 2010 Bribery Act.…

BY MARK ATKINSON, in Dubai

FEMALE financial specialists are leading the charge in the Gulf region for women to gain senior professional positions in countries where men have traditionally dominated career structures.

How finance can be a catalyst for this process and the challenges facing women attaining top management positions within the United Arab Emirates (UAE) in particular, was the focus of discussions at an ACCA roundtable staged on January 21 in Dubai.…

FEMALE financial specialists are leading the charge in the Gulf region for women to gain senior professional positions in countries where men have traditionally dominated career structures.

How finance can be a catalyst for this process and the challenges facing women attaining top management positions within the United Arab Emirates (UAE) in particular, was the focus of discussions at an ACCA roundtable staged on January 21 in Dubai.…

THE EUROPEAN Commission is to review its procedures for ensuring nuclear materials in European Union (EU) member states are not diverted from peaceful to military uses. It has released a tender for an expert to check its systems, which are coordinated by its directorate general for energy directorate E, based in Luxembourg.…

Ahmad Darwish, chairman of the ACCA UAE (United Arab Emirates) members’ advisory committee (UAE MAC) and manager of the management accounting team at DP World UAE region.

“The UAE is becoming a more developed economy like the USA and Europe.…

THE HIGHLY diverse and emerging markets of the Middle East, North Africa, and South Asia (MENASA) face major challenges in bringing financial services, accounting and auditing up to international standards. They are often lacking qualified professionals and sometimes overly reliant on expatriate expertise.…

ZHU Jiandi and Gu Wenxian could be the two most travelled accountants in China. The frequent flying duo – chairman and managing director, respectively, at BDO China Shu Lun Pan – were in the southwesterly megalopolis of Chongqing recently to rally local staff to a company goal of making the office a bridgehead for expansion throughout the southwest and west of China.…