Accounting Profession News
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Deloitte distances itself from Alitalia figures
Alitalia's auditor Deloitte and Touche said today it was unable to form an opinion on the troubled airline's full-year 2003…
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Outsourcing may not be best option for businesses: Ernst & Young
Singapore: Outsourcing has been a global catch-phrase in recent years as one way for companies to reduce costs, and Singapore…
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IFAC Ethics Committee Revises Ethics Code on Audit Partner Rotation
The Ethics Committee of the International Federation of Accountants has approved a revision to its Code of Ethics for Professional…
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IFRIC: Interpretation on Changes in Existing Decommissioning, Restoration and Similar Liabilities
The International Financial Reporting Interpretations Committee (IFRIC) has released IFRIC Interpretation 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities.…
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Deloitte among four to face tribunal over scandal
Accounting giant Deloitte, together with two of its partners and one other external auditor to the former Semple Cochrane –…
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IFAC Explores Budget Reporting for Governments and Need for International Public Sector Standards
A new Research Report commissioned by the International Federation of Accountants' (IFAC's) Public Sector Committee (PSC) considers best practices in…
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Transparent accounting, auditing systems vital for corporate governance: ICAB President
A positive approach towards ensuring transparency in accounting, auditing and reporting systems, and amending the Companies Act are crucial factors…
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India introduces online tax accounting system
India's finance ministry has introduced an online system for tax payments that are being collected by the Reserve Bank of…
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£150m bonanza for Shell auditors
Accountants who failed to spot Shell's massive overbooking of reserves were paid more than £150m in the past five years…
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Ernst & Young Says It Faces Criminal Inquiry on Shelters
Ernst & Young, the big accounting firm, said yesterday that federal prosecutors were investigating tax shelters it had promoted and…
