Search Results for: accountancy

BY PHILIP FINE

THE RECENT announcement of an investigation of Goodyear Tire & Rubber Company by US security regulators can be traced to faulty implementation of new accounting software, says the company. The Securities and Exchange Commission launched a formal investigation February 5 into the company’s accounting problems.…

BY MATTHEW BRACE, in Brisbane
AUSTRALIAN accountants spend far more time in front of the mirror these days. They are not vainly checking on their tans but seeing if they are a shade of ‘cool blue’ or ‘hot-blooded red’. Colour testing is all the rage at leading accountancy firms Down Under, with PricewaterhouseCoopers, KPMG and Ernst and Young among those promoting the practice.…

Keith Nuthall
EUROPEAN Union (EU) anti-fraud agency OLAF has confirmed to Accountancy Age that “there have been missions (of its officials) carried out in Palestine in January” examining allegations of fraud involving EU funds in the occupied territories. The probes follow bookkeeping checks made last Spring, following calls for action from some MEPs alleging that part of the monthly payments of Euro 10 million made by the EU to the Palestinian Authority have been used to fund terrorist activities.…

BY KEITH NUTHALL
A SIGNIFICANT rise in fraud committed within and against the institutions and programmes of the European Union (EU) will be reported by the next annual report of EU anti-fraud body OLAF, which has been obtained by Accountancy Age.…

BY ALAN OSBORN
MARTA Andreasen, former chief accountant of the European Commission, is challenging a gagging order by the Commission, which is accusing her of speaking at conferences without permission. Ms Andreasen was suspended from her post over a year ago after she voiced criticism of the Commission’s accounting procedures, though she has yet to face formal charges.…

BY ALAN OSBORN
IT is an odd and depressing fact that employees who expose corruption, negligence and other malpractices in their work-place usually end up more reviled and outcast than those actually responsible for the wrong-doing in the first place. The institutions of the European Union offer excellent case studies in this regard.…

BY ALAN OSBORN
AN INCREASE in the amount of fraud and irregularities reported to European Union anti-fraud unit OLAF will be noted in the organisation’s next annual report, which is about to be published, an OLAF official has told Accountancy Age.…

BY MARK ROWE and KEITH NUTHALL
THE EUROPEAN Union (EU) is piling pressure on the 10 eastern and southern European countries joining the organisation next May to abolish tax laws that currently break EU regulations and directives. The EU Council of Ministers has drawn up a list of 30 tax measures deemed “harmful” to Europe’s internal market that apply in the countries planning to join the EU next year, namely Lithuania, Latvia, Estonia, Poland, Czech Republic, Slovakia, Hungary, Slovenia, Cyprus and Malta.…

Keith Nuthall
Gavin as Muis’s resignation is not quite new I’ve led with Marta after

speaking to her this morning. Regards Alan (01702 582 332)

Marta Andreasen, the former chief accountant of the European Commission who

was suspended last year by EC vice-president Neil Kinnock following

disclosures of serious weakness in budget procedures, has written to Mr

Kinnock asking to be appointed as head of the Commission’s internal audit

service, replacing the present audit chief Jules Muis who is to resign

early next year.…

Keith Nuthall
SEVERAL thousand small and medium-sized companies throughout the EU

are to be exempted from certain accounting provisions following agreement

by European ministers on raising the qualifying thresholds. Under EU rules both small and medium sized companies are permitted to publish only an abridged balance sheet, abridged notes to the accounts and an abridged profit and loss account while small companies are further exempted from publishing a profit and loss account or an

annual report, from disclosing certain types of information in their

accounts and from having their accounts audited.…