Search Results for: accountancy

RENÉ Descartes may have said ‘I think, therefore I am’, to judge if he was human. But when deciding whether a robot is an autonomous being, the real test may be whether it pays tax. As regulators, business leaders and philosophers ponder the impact of robots with artificial intelligence (AI) that choose actions, learn from their environment, and perform tasks better and faster than their flesh and blood developers, the question of their fiscal responsibility is becoming serious.…

RUNNING a complex international air travel business that recovering from 2017’s devastating hurricane season, Caribbean airline boss Julie Reifer-Jones is having to draw on her near three decades’ experience in senior financial management.

Immaculately presented, in killer heels, Reifer-Jones FCCA is not just the first female CEO of Antigua-based airline LIAT, she is the only female CEO of any airline in the Caribbean.…

THE MEMBER countries of the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) need to expand the remit of current skillsets identified in the grouping’s blueprint to ensure greater labour mobility during the fourth industrial revolution, according to a leading economist in the region.…

IT is a spectacular sight from the top of Dubai’s 68-storey Almas Tower, with the sea on one side and the massive development of Jumeirah Lake Towers (JLT) on the other. For Jignesh Sanghvi, chief financial officer of the Dubai Multi Commodities Centre (DMCC), the panoramic views from the skyscraper are a constant reminder of the magnitude of development the government-sponsored free zone has witnessed over the years.…

DUBLIN-based accountancy firm BDO is planning to start a new EUR100 million investment fund to assist fast expanding mid-sized Irish companies in unlocking further growth opportunities. This will be the successor fund to an already existing BDO Development Capital Fund (DCF) worth EUR75 million.…

TRINIDADIAN accountant Anthony Pierre is clear that his major brief as the new president of the Institute of Chartered Accountants of the Caribbean (ICAC) is to help build a cadre of “future-ready” professionals willing to cooperate across national borders within the region and be guided by international best practice.…

ANTI-FRAUD measures are expensive, and investment is growing from a low base yet surprisingly few companies keep tabs on the impact of fraud on their profit/loss margins.

Annual fraud losses are estimated to cost the UK more than GBP193 billion (USD240 billion), according to the 2016 Annual Fraud Indicator report prepared by the Centre for Counter Fraud Studies at southern England’s University of Portsmouth in partnership with data services group Experian and accountants PKF Littlejohn.…

WITHOUT European Union (EU) supervision, the fight against fraud, in the UK at least, will become more difficult after ‘Brexit’, European fraud experts claim.

“London is already known to be a major money laundering centre, so that can only get worse once the EU ‘strings’ have been severed,” predicted Hugh Penri-Williams, fraud consultant and vice president of the Association of Certified Fraud Examiners (ACFE) France.…

Any professional involving in combatting fraud has an array of reports, statistics and research to choose from to help with their work. But what is useful intelligence and what is marketing froth? Fraud Intelligence has reviewed the output of publicly available fraud reports and asked some leading fraud professionals about how they use these reports.…

Machines are taking on more and more tasks traditionally carried out by accountants, Professor Richard Susskind OBE and his son Dr Daniel Susskind, an economics lecturer at the University of Oxford, UK, have warned. They were speaking at a ‘Digital Day’ conference in Brussels, staged on March 29, in a ‘What future for the professions?’…