Search Results for: accountancy
10 results out of 326 results found for 'accountancy'.
CHINA'S ACCOUNTING PROFESSION WILL DEVELOP INTERNATIONAL PLAYERS, SAYS CHINESE INSTITUTE CHIEF
BY MARK GODFREY
CHINA may soon add its own voice to a global accounting scene dominated by the big four, Chen Yugui, head of the Chinese Institute of Certified Public Accountants (CICPA) has told Accountancy Age. In an exclusive interview in Beijing, he explained: "Internationally and nationally we don’t think it’s a good phenomenon that the big four take a dominant position, as it will harm the sustainability of the profession."…
ACCA NEEDS TO RAISE ITS ENTRY STANDARDS TO IMPROVE ITS CAMEROON GENERATION Y INTAKE, BUSINESS FORUM TOLD
BY TRICIA OBEN
THE DIFFICULTY of luring the cream of ‘Generation Y’ into the accounting profession worldwide is a widely recognised problem, but in countries where opportunities can be sparse such as west Africa’s Cameroon, this can be very tough. The issue was discussed at an ACCA (Association of Chartered Certified Accountants) employer forum on March 22 in the economic capital Douala.…
TANZANIA'S TRANSFORMATION FROM SOCIALISM TO CAPITALISM HAS LEFT ITS BUSINESS ETHICS FLOUNDERING
BY JOHN K AGUNDA
IF there was one African country where a business forum on ethics was most appropriate, it might well be Tanzania, given its immediate post-independence history of socialism and self-reliance.
Those purist 1960s and 1970s days of former President Julius Nyerere and his ‘ujamaa’ leftism are now history, of course, with Tanzania, very much part of the gloablised liberal capitalist mainstream.…
PWC EGYPT SEES SILVER LINING FOR ACCOUNTANTS IN CURRENT TURMOIL
BY REBECCA COLLARD
A SENIOR partner at PricewaterhouseCoopers (PWC) Egypt has warned that his country’s accountants and auditors could face a flood of work if businesses and public authorities resume normal work. When chaos broke-out in Cairo last month, accounting firms suffered.…
INDIA LIKELY TO DELAY IFRS INTRODUCTION
BY RAGHAVENDRA VERMA
INDIA looks likely to miss its self-imposed deadline of April 1 to implement international financial reporting standards (IFRS), with government officials admitting at an open forum in New Delhi that the timetable could be too tight.
Just six weeks ahead of the deadline, the Indian parliament has yet to amend the Companies Act or authorise secondary legislation authorising IFRS.…
ANDREASEN PUSHES EU TO ACCEPT EXTERNAL AUDIT - AFTER INSIDE WATCHDOG MEMEBR ADMITS FAILINGS
BY ALAN OSBORN
UKIP MEP and former European Commission chief accountant Marta Andreasen has called for the European Union (EU) to use external audits following claims from a former EU auditor that irregularities are swept under the carpet. Andreasen spoke to Accountancy Age in Strasbourg on the claims made byMaarten Engwirda, a Dutch auditor and former member of the EU Court of Auditors (ECA),that the ECA had been systematically intimidated and forced to water down critical findings about EU spending.…
MONTREAL POLICE RAID ACADEMIC PUBLISHING COUNTERFEITING RING
BY KEITH NUTHALL
POLICE in Montreal, Canada, have seized 2,700 photocopied textbooks and digests of textbooks that were being sold illegally to university students, arresting 13 suspects in raids on four photocopying stores. The Royal Canadian Mounted Police said the total value of the haul was Canadian dollars CAD540,000 (GBPounds 342,000).…
PAKISTAN ACCOUNTANTS DEAL WITH MAJOR DAMAGE CAUSED BY SUMMER FLOODS
BY RAHIMULLAH YUSUFZAI
THE FLOODS that devastated Pakistan this past summer did not just destroy farmland and housing – they ruined many financial records and legal documents, making life that much harder for accountants in Pakistan. "We don’t know how to deal with the aftermath of the floods because there is still no mechanism on the part of the government or the private sector to cope with the challenges and difficulties that our accounting community is facing," said a senior chartered accountant Rafaqat Ullah Babar.…
PWC SENIOR PARTNER IN INDIA SAYS AUDITING IS TIGHTENING UP INDIA FOLLOWING SATYAM SCANDAL
BY RAGHAVENDRA VERMA
The past two years have been tough for Price Waterhouse, India’s branch of PricewaterhouseCoopers (PWC). The firm has been caught up in the billion dollar Satyam scandal that exploded onto the world’s newspapers, televisions and computer screens from January 2009.…
PAKISTAN ACCOUNTANTS DEAL WITH MAJOR DAMAGE CAUSED BY SUMMER FLOODS
BY RAHIMULLAH YUSUFZAI
THE FLOODS that devastated Pakistan this past summer did not just destroy farmland and housing – they ruined many financial records and legal documents, making life that much harder for accountants in Pakistan. "We don’t know how to deal with the aftermath of the floods because there is still no mechanism on the part of the government or the private sector to cope with the challenges and difficulties that our accounting community is facing," said a senior chartered accountant RafaqatUllah Babar.…