Search Results for: accountancy

BY MJ DESCHAMPS, KARRYN MILLER

Australia and New Zealand share many similarities and a large number of businesses operate on both sides of the Tasman Sea – the two countries’ accounting professions are increasingly reflecting this reality. The New Zealand Institute of Chartered Accountants (NZICA) and the Institute of Chartered Accountants in Australia (ICAA) are working to boost collaboration in accounting qualifications, reporting standards and other areas.…

BY MARK GODFREY

CHINA’S ministry of finance continues to emphasise its achievements in moving towards a principles-based accounting regime. Liu Yuting, director general of the accounting regulatory department at the ministry underscored his commitment to IFRS this summer by issuing a ‘Roadmap for Continuing Convergence of the Chinese Accounting Standards for Business Enterprises with the International Financial Reporting Standards’.…

BY MARK GODFREY

Albert Ng, Ernst & Young

Managing partner and chairman of E&Y’s China business, Hong Kong native Albert Ng has over 25 years of professional experience in the accounting industry in China and Australia. That background will be valuable as he moves the firm on from an embarrassing settlement over its auditing of Akai Holdings, a bankrupted Chinese electronic manufacturer and retailer.…

BY DEIRDRE MASON

IF those responsible for the numerous ‘ghost’ and unfinished estates in the Republic of Ireland had been hoping that overseas property companies might be tempted to take them on, following a slight recovery in the Irish market, the news that Ireland has once more sunk into recession makes that now very unlikely for the foreseeable future.…

BY MAKKI MARSEILLES and KEITH NUTHALL

IT can only be hoped that the Euro 750 billion financial package announced by the European Union (EU) this weekend prevents Greece’s debt crisis affecting other EU member states.

If it does, then some breathing space will be bought to examine the weaknesses in the single currency – and clearly one of those is the provision of financial data by Eurozone member governments.…

BY KEITH NUTHALL

ON January 12, Haitian accountant Kenny Laforest, 32, was having a normal day in Port-au-Prince. He had just started driving home having left his office when the earthquake that devastated his country struck. Speaking to Accountancy Age from the Haitian capital, he recalled: "I had just finished working.…

BY KEITH NUTHALL

MARTA Andreasen, the outspoken former European Commission chief accountant, says she will recruit accountants and auditors to work at European Union (EU) anti-fraud office OLAF, if she becomes its new director general. Speaking to Accountancy Age, she confirmed she would be applying for the vacant position, now open because of the death from cancer of OLAF’s first boss Franz-Hermann Brüner in January.…

BY RAGHAVENDRA VERMA

PRICEWATERHOUSECOOPERS has taken yet another knock in the US$ 1 billion Satyam Computer Services scandal. India’s stock market regulator, the Securities and Exchange Board of India (SEBI) has rejected an application from the firm’s India branch to settle potential administrative or civil proceedings arising from the case.…

BY GARRY PIERRE-PIERRE

WHEN last month’s earthquake flattened the tax office in Haiti, killing the director, many thought that it would take years to restore the country’s tax and accounting system. The headquarters of the Direction Générale de Impôts (DGI) was destroyed and its director general Jean Frantz Richard died.…

BY RAGHAVENDRA VERMA

INDIA’S largest ever financial fraud, the US$1 billion-plus Satyam computer company scam, where top management inflated revenues and laundered money for their personal gains, has shocked the Indian government into reassessing the efficacy of laws and regulations concerning corporate governance and anti money laundering (AML).…