Accountancy

CGT changes 'putting businesses under more strain'

23 November 2007
The government's capital gains tax (CGT) proposals "came out of the blue", according to the Confederation of British Industry (CBI).

IASC Foundation appoints XBRL advisors

23 November 2007
The International Accounting Standards Committee (IASC) Foundation have announced the initial members of a review team and advisory council to provide advice instruction on extensible business reporting language (XBRL).

CIMA 'not happy' with financial statements

22 November 2007
The Chartered Institute of Management Accountants (CIMA) has expressed a number of concerns over the complexity of financial statements.

Treasury to voice opinion on PFI ruling

22 November 2007
The Treasury may change the way private finance initiative (PFI) projects are reported.

Head of government finance honoured by CIMA

21 November 2007
Dame Mary Keegan has been presented with a special lifetime achievement award by the Chartered Institute of Management Accountants (CIMA).

SEC abandons IFRS-GAAP reconcilement

16 November 2007
The US's Securities and Exchange Commission (SEC) has announced its decision to allow foreign-based companies with a listing in America to issue financial statements under International Financial Reporting Standards (IFRS).

KPMG named Global Firm of the Year

16 November 2007
Accounting firm KPMG has been awarded Global Firm of the Year by Accountancy Age.

Adequacy gap 'most marked' in countries with IFRS

15 November 2007
Countries that are required to report under International Financial Reporting Standards (IFRS) have been found to have the most marked "adequacy" gap, according to a Big Four accountancy firm.

Government 'enjoys CGT bonanza'

14 November 2007
Ahead of the introduction of a flat rate of capital gains tax (CGT) that was proposed in the pre-Budget report, an expert has claimed the government is likely to see revenues from the tax increase significantly.

APB executive director to serve on IAASB

14 November 2007
Jon Grant, executive director of the Auditing Practices Board (APB), is to begin serving on the International Auditing and Assurance Standards Board (IAASB) from January 2008.

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