British Department of Business Ethics in the financial sector fined Merrill Lynch - one of the largest investment banks in the world for improper reflection of exchange derivatives transactions, which were carried out during 2014-2016
Securities and Exchange Surveillance Commission of Japan will investigate Toshiba’s activity
Securities and Exchange Surveillance Commission of Japan is interested in reporting preparation of technological giant Toshiba. It should be recalled that the issues of reporting to the corporation arose not for the first time
Business of Canada is ready to counteract cyberattacks
Canadian Securities Administrators - an organization that unites the territorial security services of the country, conducted a special study to identify the readiness of the business to counteract cyberattacks
ACCA calls businesses to be serious about business ethics
The Association of Chartered Certified Accountants (ACCA) conducted a survey of British employees for compliance with the ethics rules at work. There were interviewed 1 000 UK and Northern Ireland office workers
Companies successfully implement integrated reporting
The International Integrated Reporting Council conducted a study aimed at identifying how successfully companies implement integrated reporting in their daily activities.
Financial Reporting Council provided companies with guidelines for successful annual reporting
The Financial Reporting Council provided companies with guidelines on the preparation of annual financial reporting for 2017-2018, taking into account recent regulatory changes, in particular the introduction of IFRS 9 “Financial Instruments”
The Big Four companies disclosed information on staff salaries
In Great Britain, the Big Four companies have published salary data. Information on salaries for men and women working for the “Big Four” has been separately provided
Accounting and auditing services occupy a significant part in GDP structure of Great Britain
Consultative Committee of Accountancy Bodies has conducted a study of the accounting services market, which has proven the importance of the profession of auditor and accountant for Great Britain.
Financial Reporting Standards Board of Japan amends the “local” IFRS
Japan’s Modified International Standards (JMIS) were issued in 2015
Auditors and accountants work overtime
The recruiting company CV Library, which specializes in the selection of auditors and accountants and operates in the UK and the European Union, has conducted a study based on the analysis of personal data on the length of working time of the representatives of the audit and accounting profession
Distrust in cryptocurrency increases
The Chinese authorities intend to completely prohibit trade of cryptocurrencies in the stock exchanges of the country. Such measures are of a temporary nature and concern exclusively exchange trades
Staged transition to IFRS in Singapore
Companies that are residents of Singapore and listed in the Singapore Stock Exchange will have to transit to new financial accounting and reporting bases - a local version of IFRS that is almost identical to the original international standards
The EU requires Amazon to pay extra 250 million euros of taxes
As a result of illegally granted tax benefits, almost three quarters of the profits of the world’s most famous Amazon Internet company in Luxembourg were not taxed
Soon in Brussels the prospects for the development of non-financial reporting in Europe will be discussed
On November 22, 2017, an extensive presentation of the report on the results of the implementation of a new European Directive on Disclosure of Non-Financial Information (2014/95/EU) in doing business practices will be launched in Brussels (Belgium)