Accountancy

Government to adopt IFRS accounting standard

22 March 2007
The government is to adopt IFRS international accounting standards from the beginning of next year, Accountancy Age reports.


Accountancy firms urged to implement TFC rules by deadline

20 March 2007
Accountancy practices that do not meet the requirements of the FSA's treating customers fairly (TCF) regime by the end of March could face enforcement action, Accountancy Age reports.


SMEs failing to maximise audit value

19 March 2007
A new study by KPMG has found that many small and medium-sized enterprises (SMEs) in the UK are failing to derive maximum benefit from their audits.

Auditors sign-offs could be threatened by new standard

16 March 2007
A top executive has warned that auditors could refuse to sign off company accounts if companies do not adhere closely to a new standard and provide a welter of legal documents, Accountancy Age reports.


ECJ rules on thin cap legislation

14 March 2007
The European Court of Justice (ECJ) has ruled that 'thin capitalisation' rules constitute a restriction on 'freedom of establishment'.


Baker Tilly merges with Edinburgh accountancy firm

14 March 2007
Accountancy firm Baker Tilly is consolidating its presence in Scotland by merging with Edinburgh-based Scott and Paterson.


Grant Thornton calls for simplification of corporate taxation

14 March 2007
Accountancy firm Grant Thornton has urged the chancellor to simplify the UK tax system in the upcoming Budget in order to boost corporate competitiveness.


Microsoft launches 'MySpace for financial pros'

13 March 2007
Microsoft has announced the creation of an internet community site for finance professionals.


FSA study indicates decrease in informed trading

09 March 2007
The level of informed trading before FTSE 350 companies' trading announcement has decreased over the past ten years, according to the latest figures.


ICAEW head calls for red tape cut

09 March 2007
The head of the Institute of Chartered Accountants in England and Wales (ICAEW) has called the amount of rules and regulations that impact the accountancy profession to be cut down.


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