Latest Industry News
Latest news from Accountancy Age - UK finance news and jobs for accounting and finance professionals.
Treasury heads towards breaking golden rule
Penny Sukhraj, Accountancy Age, Wednesday 14 May 2008 at 07:07:00
According to the Institute for Fiscal Studies, the chances of a breach was 50/50, a probability that would increase if Mr Darling extended his proposals for more than one year
The chancellor's decision to pay for the increase in personal allowances by borrowing �2.7bn will cause government to break its own golden rule, economists have warned....
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SEC to mandate filing in XBRL
Penny Sukhraj, Accountancy Age, Wednesday 14 May 2008 at 07:22:00
The rule, which will compel filing in Extensible Business Reporting Language, is expected to apply to large public companies, including those on the US Fortune 1000 index
The US regulator is expected to announce new regulation today mandating the filing of reports to the Securities and Exchange Commission in XBRL....
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Regulatory cost burden forecast to double
AccountancyAge.com, Accountancy Age, Wednesday 14 May 2008 at 07:49:00
The regulatory cost burden for the financial services industry has been forecast to almost double by 2010
A tidal wave of regulation has swept across the financial services industry as a result of the credit crunch and the financial burden of the increased regulation is unlikely to...
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E&Y study: British executives admit to corruption
AccountancyAge.com, Accountancy Age, Wednesday 14 May 2008 at 07:58:00
British executives are twice as likely to be corrupt than their French and German counterparts, E&Y research reveals
One in eight British business leaders admit they have paid bribes or have been involved in other corrupt dealings of the past two years, double the figures in France and...
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Former UBS banker indicted for tax fraud
AccountancyAge.com, Accountancy Age, Wednesday 14 May 2008 at 08:36:00
Two foreign bankers, one a former private banker for UBS, have been charged with defrauding the USA's IRS
Two foreign bankers, one a former UBS private banker, were today indicted in Florida for defrauding USA's Internal Revenue Service (IRA) by helping billionaire Igor Olenicoff, a real estate developer...
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BDO takes former Farepak ‘parties’ to court
AccountancyAge.com, Accountancy Age, Wednesday 14 May 2008 at 08:51:00
BDO is taking former so-called Farepak 'parties' to court to secure better compensation for creditors
Farepak liquidator, BDO Stoy Hayward, says it has 'issued proceedings against a number of parties in an attempt to secure further monies for the benefit of creditors, including customers' of...
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Construction industry ducks £1.7bn in tax
Kevin Reed, Accountancy Age, Wednesday 14 May 2008 at 10:20:00
UCATT survey warns of tax dodging in the construction industry
The Treasury is losing out on nearly �2bn in tax because construction workers are falsely describing themselves as self-employed, according to a survey by construction union UCATT....
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Tesco FD Higginson picks up £5.1m package
Paul Grant, Accountancy Age, Wednesday 14 May 2008 at 10:22:00
Andrew Higginson among the big earners as reward for Tesco's huge profits
Tesco finance director Andrew Higginson received as much as �5.1m pounds last year as he shared in the financial success of the supermarket giant....
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Whitehall attacked by former chief auditor
Gavin Hinks, Accountancy Age, Wednesday 14 May 2008 at 10:31:00
Capital gains tax and no-dom policy compared to building with toy bricks
Sir John Bourn, the former head of the National Audit Office, has levelled scathing criticism of Whitehall claiming it is in urgent need of reform if efficiency and effectiveness is...
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Investment vehicle Golden Key for sale
Barbara Buchanan, Accountancy Age, Wednesday 14 May 2008 at 10:34:00
Special investment vehicle of US mortgages is put up for sale by receivers
Stricken investment vehicle Golden Key's entire portfolio is up for sale under an agreement between receivers, Deloitte & Touche, and arrangement bank, Goldman Sachs....
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