The European Court of Auditors acknowledged that the European Union began to cope with financial management better, and the level of mistakes in the area of budget payments began to decline rapidly.
Ireland does not support the EU idea of tax harmonization in the Eurozone
Paschal Donohoe, the Minister of Finance of Ireland, has made it clear that the Irish government will not join the European Union initiative aimed at harmonization of tax regimes of the EU countries.
Can robots replace accountants in ten years?
At the request of The Royal Society of Arts, YouGov Company conducted a survey among accountants in the UK to reveal their opinion about the possibility of robotizing of their workplaces.
The EU Council of Ministers of Finance and Economy works on the development of new international tax rules that will take into account the peculiarities of the digital economy
The EU Council of Ministers of Finance and Economy held a meeting in Estonia, during which they discussed ways to solve the tax issues related to the onset of the digital economy.
The EU impose a number of requirements relating to Brexit
Well-known publication The Guardian reported that the European Union prepared a number of key requirements for the next round of negotiations on the UK’s exit from the Eurozone for this country.
Start of a large-scale study aimed at identifying key skills that will be needed by auditors and accountants in the future
The South African Institute of Chartered Accountants together with the Independent Audit Authority of the Republic of South Africa launched an interesting study aimed at identifying professional competencies for auditors and professional accountants to be in demand in the future
Increase in requirements for financial reporting and transparency of non-profit organizations in South Korea
The Korean Institute of Certified Public Accountants and the Korean National Council of non-profit organisations signed a memorandum of cooperation
Utility settlement coin – new cryptocurrency is coming in 2018
The six largest banks in the world (Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street) will jointly launch a new form of instant clearing and settlement of securities transactions in 2018. It is reported by Interfax
The main innovation of the updated Code of Ethics for Professional Accountants will be clarification of the admissible limits of additional incentives for auditors and their clients
The International Ethics Standards Board for Accountant currently works on a new revision of the Code of Ethics for Professional Accountants
Audit firms join the fight against corruption in Brazil
Domingues e Pinho Contadores Brazilian auditing firm together with the Rio de Janeiro Association of Entrepreneurs acted as the organizers of the city’s public observation council. Its main objective is the fight against corruption, the level of which is quite high in Brazil
47% of the professions in the developed countries of the world will be automated within the next 20 years
One of the modern trends that determine the development of business and society over the next decades is the introduction of digital technologies: artificial intelligence, educational IT systems, blockchain, drone, 3D printing, industrial and office robotics
The International Association of Certified Fraud Examiners identified key tools to minimize the possibility of unlawful transactions
Detection of fraudulent transactions carried out inside the organization is a key task of the internal audit departments. However, it is difficult to detect signs of fraudulent transactions. It’s even harder to prevent them.
Global Management Accounting Principles developed by CIMA and AICPA are translated into Ukrainian
On September 12, 2017, the Chartered Institute of Management Accountants (CIMA) presented the first edition of the Global Management Accounting Principles in Ukrainian language during a press briefing held at the National Information Agency “Ukrinform”
Guidance on Effective Internal Audit in Financial Services is updated
The UK Chartered Institute of Internal Auditors issued an updated version of the Guidance on Effective Internal Audit in Financial Services to be used by banks and other UK financial institutions.