The most recent articles from Accountancy Age | The World of Accounting For Professional Accountants

Gavin Hinks, Accountancy Age, Friday 30 July 2010 at 09:36:00

Top firm begins campaign to lobby Lords for reform

A senior figure at Mazars has reiterated the need for reform to the audit market. David Herbinet made his remarks in response to news from the House of Lords that...

Paul Grant, Accountancy Age, Friday 30 July 2010 at 09:30:00

Exposure draft aims to make “impenetrable” insurance accounting more accessible

The International Accounting Standards Board has put out proposals for changes to insurance accounting, in order to make the current “impenetrable” financial information more accessible to users of accounts....

Kevin Reed, Accountancy Age, Friday 30 July 2010 at 09:19:00

Former PwC partner John Hallam joins AIM-listed Vision Opportunity China Fund

Former PwC partner John Hallam has joined Vision Opportunity China Fund as a non-executive director and chairman of its audit committee....

Kevin Reed, Accountancy Age, Friday 30 July 2010 at 08:44:00

Deloitte steps down as auditor of fashion retailer American Apparel after discovering information that could impact the previously stated 2009 year-end figures

Deloitte has resigned as auditor of fashion retailer American Apparel. The US-listed business, which recently opened a shop within Selfridges, has replaced Deloitte with its former auditor Marcum....

David Jetuah, Accountancy Age, Thursday 29 July 2010 at 16:06:00

KPMG reports audit boards say risk management is trumping shorter-term problems with financial statements caused by the economic upheaval

Audit committee members have said their focus is shifting away from heading off problems in company accounts caused by the financial crisis....

Kevin Reed, Accountancy Age, Thursday 29 July 2010 at 15:15:00

Helen Verney leaves Jewish Care role to join the Diocese of London as finance director

Helen Verney is the new finance director of the Diocese of London. She joins the diocese from health and social care charity Jewish Care, where she has served as FD...

Rachael Singh, Accountancy Age, Thursday 29 July 2010 at 11:15:00

HMRC reveals the names of the 13 accountancy firms that are approved to conduct independent business reviews of companies seeking to defer their tax

The taxman has revealed the 13 firms approved to ascertain whether businesses will be able to pay back their deferred tax bill....

David Jetuah, Accountancy Age, Thursday 29 July 2010 at 11:05:00

HM Revenue & Customs seals contracts with four external debt collections agencies in efforts to rake in an extra £140m

The taxman is farming out part of its debt collection operations to four companies in moves to rake in an extra £140m of tax debt....

Kevin Reed, Accountancy Age, Thursday 29 July 2010 at 10:07:00

Legion Group suspends shares, negotiates with HMRC and attempts to sell its business - in a bid to avoid insolvency

Legion Group's board is in discussions to sell the business, in an attempt to avoid administration. The security services provider's shares were suspended yesterday due to it facing "significant" working...

Kevin Reed, Accountancy Age, Thursday 29 July 2010 at 09:51:00

Rio Tinto's Guy Elliott joins Royal Dutch Shell as a non-executive director

Rio Tinto CFO Guy Elliott is joining the Royal Dutch Shell board as a non-executive director. Elliott has served in the top finance role at the mining company since 2002....

David Jetuah, Accountancy Age, Thursday 29 July 2010 at 09:40:00

Oil giant trying to secure $10bn in the wake of its financially damaging oil spill in the United States

BP is chasing a tax credit claim of $9.7bn (£6.3bn). The oil giant, which is looking to bolster its finances after the Gulf of Mexico oil spill, announced the move...

Paul Grant, Accountancy Age, Thursday 29 July 2010 at 09:32:00

$8.1bn of Iraqi oil revenue intended for reconstruction has vanished, official audit discovers

The US department of defence has brought in forensic accountants to track down missing oil revenue intended for reconstruction following the invasion of Iraq....

Rachael Singh, Accountancy Age, Wednesday 28 July 2010 at 15:11:00

Accountancy firm Goodman Jones labelled traditional software as "high maintenance", after signing a deal with online IT suppliers Twinfield

Top 80 accountancy firm Goodman Jones said it is "not possible" to work easily with international clients or keep staff connected without the use of online accountancy software....

David Jetuah, Accountancy Age, Wednesday 28 July 2010 at 13:05:00

"Disappointing" number of people taking advantage of the Liechtenstein Disclosure Facility, says law firm McGrigors

419 taxpayers have registered for the Liechtenstein Disclosure Facility out of the "thousands" eligible to do so, law firm McGrigors said today....

Kevin Reed, Accountancy Age, Wednesday 28 July 2010 at 12:41:00

Changes to New Zealand tax rules set to impact on Millenium & Copthorne's group interims

Hotels group Millennium & Copthorne will post a £5m deferred tax expense in its next interims after changes to New Zealand's tax rules....

David Jetuah, Accountancy Age, Wednesday 28 July 2010 at 11:48:00

Advisers say proposed changes to the taxation of overseas subsidiaries show commitment to keeping the UK commercial

Leading tax advisers are hoping talks with the government on how overseas arms of multinationals are taxed will end up keeping the UK an attractive place to do business....

Rachael Singh, Accountancy Age, Wednesday 28 July 2010 at 10:33:00

The Premier League gave its side of the story yesterday over preferential payments to football creditors in football administrations

The Premier League defended its preferential payments rule in an insolvency at a Business Finance and Accountancy (BFA) parliament group meeting....

Rachael Singh, Accountancy Age, Wednesday 28 July 2010 at 10:05:00

FTSE 100 financial software company Sage says its debt has dropped by £25m in the last three months

Accountancy software giant Sage announced a drop in net debt and improved growth trends in its latest interim management statement released this morning....

Kevin Reed, Accountancy Age, Wednesday 28 July 2010 at 10:03:00

Paul Wallace joins oil and gas business Forum Energy as a director

Accountant Paul Wallace has been appointed as a director of oil and gas business Forum Energy. Wallace is the former group finance director of Sanctuary Group, and is a non-executive...

David Jetuah, Accountancy Age, Wednesday 28 July 2010 at 09:49:00

Moves to work out pensions tax relief welcomed by advisers, but there is still a long way to go

Accountants and employee benefits experts have welcomed the government's efforts to reach a compromise on taxing high earners' pensions contributions....