Search Results for: accountancy

BY JOSEPH GOLDSTEIN

BARACK Obama, the frontrunner presidential candidate, has been silent on issues of importance to the accountancy profession, such as whether he is for suspending fair value accounting principles, despite the financial turmoil affecting US markets.

Senator Obama’s opponent in the race for the White House, John McCain, has said twice he favours suspending fair value accounting requirements in a bid to ameliorate the credit crisis.…

BY JOSEPH GOLDSTEIN

THE ACCOUNTANCY profession in the United States might think its day of reckoning came and went in 2002. But those who thought that the Sarbanes Oxley Act was the final word in regulation for the accounting profession may be in for a rude surprise.…

BY ALAN OSBORN

THE EUROPEAN Union’s (EU) third money laundering directive should have been transposed into national legislation by December last year across the EU. But some EU member states and professional organisations have found its provisions difficult, particularly the introduction of a risk-based approach to the application of anti money laundering disciplines.…

BY ALAN OSBORN

NO official global body exists to help in assessing the quantity and quality of anti money laundering schools, colleges and consultants throughout the world, but the number must certainly run into the thousands – and by far the majority of them are in the US.…

By Keith Nuthall

International News Services has an unorthodox correspondent called Belinda Blessed. She is unusual, in that she does not actually exist. She is a virtual reporter and is operated by agency writers who report on the virtual world Second Life.

Corporations, universities, governments, and international organisations have all built virtual offices on islands in Second Life. They use these spaces to have meetings, where digital representations of their employees, officials, academics and students can converse when they cannot meet physically. Second Life also offers these organisations opportunities to offer and deliver services, publish information and marketing material and even sell goods.…

By Gavin Blair

Though the number of academic specialists in commercial crime in the Asia-Pacific region may be fewer than in the US or Europe, many of the leading figures are both willing to work with corporate clients and have a great deal of experience outside the ivory towers.…

BY ALAN OSBORN

THE WORLD is not over-full of specialist academic experts at universities and colleges teaching anti-money laundering methods. This is partly because the subject is often subsumed into financial crime generally and partly because genuine AML skills can command a useful premium to banks and other major financial institutions better able to support lavish salaries and back-up systems.…

BY MARK GODFREY, in Beijing

THE DAILY deluge of crime reports in China’s press indicates that corruption and fraud are not only still rife in the country they are most acute where government regulatory bodies hand out business licences and approvals to state-owned firms.…

BY KEITH NUTHALL

THIS year could well see the end of the World Trade Organisation’s (WTO) Doha Development Round, the global free trade negotiations staged since 2001 – and the stakes for the telecommunications business are high.

Unlike most economic sectors, telecoms are affected by not just one WTO agreement on removing trade barriers such as red tape and punishing tariffs, but three: the General Agreement on Trade in Services (GATS); the General Agreement on Tariffs and Trade (GATT) as regards industrial goods; and the WTO Information Technology Agreement.…

BY GAVIN BLAIR, in Tokyo

THOUGH the number of academic specialists in commercial crime in the Asia-Pacific region may be fewer than in the US or Europe, many of the leading figures are both willing to work with corporate clients and have a great deal of experience outside the ivory towers.…