Search Results for: accountancy
10 results out of 301 results found for 'accountancy'.
INTERVIEW WITH FRANZ-HERMANN BRÜNER, OLAF Director-General
BY DAVID HAWORTH, in Brussels, and KEITH NUTHALL
EUROPEAN Union (EU) anti-fraud office OLAF has taken a lot of flack in recent years, accused of being slow, over-aggressive, secretive and even sloppy. But it has a tough job, made harder by the unwillingness of some EU member states to publicise their management of the EU funds they handle.…
RED CROSS OFFERS ACCOUNTANTS EXCITING CAREER PATHS IN WARZONES
BY DEIRDRE MASON, in London
WHEN DISASTER strikes, public generosity and government donations direct huge sums of money to help survivors and repair local economies. However, what happens next is out of the donors’ hands. They have to trust that the various aid agencies and organisations overseas are directing funds to bona fide projects and individuals.…
BRITAIN TOLD TO IMPROVE REGIONAL SPENDING AUDITS OR FACE AID SUSPENSION
BY KEITH NUTHALL
BRITAIN’S Department for Communities and Local Government has been warned by the European Commission that it must sort out shortcomings in its auditing of European Union regional development spending in England or risk aid payments worth millions of Euros being suspended.…
KALLAS INTERVIEW - EU ANTI-FRAUD COMMISSIONER SPEAKS ON EUROSTAT, OLAF AND MORE
BY KEITH NUTHALL and DAVID HAWORTH, in Brussels
SIIM Kallas is the first European Commission to have been appointed with the explicit job of fighting fraud in the European Union (EU). Every anti-fraud specialist knows that the complex and sometimes opaque procedures and administration of the EU can present a honeypot to fraudsters, and the EU has long had difficulty in nailing the problem.…
EAR BOOSTS KOSOVO PUBLIC FINANCE EXPERTISE
BY KEITH NUTHALL
THE EUROPEAN Agency for Reconstruction (EAR) is trying to boost financial discipline in the public services of Kosovo, teaching budgeting management and drafting skills to civil servants. The aim is to keep budgets and books tight from the start, so there are fewer messes to clear up later by the province’s government accounting and audit teams.…
OLAF REPORT HIGHLIGHTS NEW EU FRAUD SCAMS
BY KEITH NUTHALL
THE LATEST annual report from European Union (EU) anti-fraud unit OLAF has revealed how an accounts department staff member of a European Commission delegation to Africa diverted Euro 300,000 of EU money to his own bank account. The official, who had been recruited locally, "systematically falsified the signatures of duly authorised delegation staff on several cheques, payment orders and other accounting documents," noted OLAF, which has kept the country of operation under wraps.…
INDIA ACCOUNTING STANDARDS CONTROVERSY IAS APPLICATION
BY RAGHAVENDRA VERMA, in New Delhi
"WE will expedite the adoption of accounting standards in alignment with the International Accounting Standards", said India’s Prime Minister Manmohan Singh in a recent statement (18th March 06). With this, he cleared all doubt about his government’s support for the adoption in India of global accounting norms.…
SUNIL GOEL PROFILE
BY RAGHAVENDRA VERMA, in New Delhi
AN ALL-INDIA topper in school, the best performer in 1980 within his country’s Chartered Accountants’ Institute, and the first to hoist the sail of accountancy-outsourcing to India: Sunil Goel, 49, combines his academic knowledge, business skills and passion for information technology to reap the benefits of globally expanding business.…
EQUITABLE LIFE COLLAPSE EUROPEAN PARLIAMENT INQUIRY GERMANY IRELAND VICTIMS MEPS SKINNER
BY KEITH NUTHALL
BRITISH government financial controls will be examined by a special European Parliament committee of inquiry into the near collapse of Equitable Life, and the slashing of its pensions. The parliament has launched its probe following complaints from policy-holders, especially the around 15,000 non-British clients, mainly from Germany and Ireland.…
PCAOB USA FOREIGN AUDITOR OVERSIGHT
BY ALAN OSBORN
THE US Public Company Accounting Oversight Board (PCAOB) has attempted to allay fears arising from reports that it plans a significant rise in inspections of foreign audit firms in 2006, saying that while the number would rise this was due to "natural growth" and did not indicate any change of policy or any new concerns about foreign auditors.…