— (c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Financial Reporting —

Steps towards BEPS

18/08/2017

International organizations have long waged a campaign against tax base erosion and profit shifting. Hong Kong is part of the battlefront and, as A Plus reports, multinational corporations will have to prepare for BEPS requirements – by adapting to new rules or even by changing their business models. Hong Kong last month edged closer to… Read More Steps towards BEPS

— (c) Chartered Accountants Ireland. Contact Chartered Accountants Ireland for permission to reproduce this article., Public Interest —

Partner with potential

18/08/2017

Collaboration between the public and private sectors could greatly enhance the lives of those working in Northern Ireland. It is a time of uncertainty for Northern Ireland. It is not controversial to suggest that this isn’t particularly helpful in terms of growing our economy, creating jobs or providing the best possible public services for our… Read More Partner with potential

— (c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article. —

How can the UK’s labour market compete post-Brexit?

18/08/2017

By Justine Riccomini The House of Lords hearings on how the UK labour markets could be affected by Brexit have raised some difficult questions. The main items which could negatively affect the success of the labour market post-Brexit are a mixture of local attitudes, over-prescriptive employment legislation, and the failure of UK and devolved Governments, local authorities… Read More How can the UK’s labour market compete post-Brexit?

— (c) Chartered Professional Accountants of Canada. Contact CPA Canada for permission to reproduce this article., Audit and Assurance —

Whistle where you work

18/08/2017

By David Malamed There are many ways to prevent and detect procurement fraud, but the most effective measure is to establish a whistleblower process. In its spring report to Parliament the office of the Auditor General raised a warning flag about a Crown corporation that handed out almost $1 billion in contracts last year. One… Read More Whistle where you work

— (c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Audit and Assurance —

The Extended Audit report: the start of the conversation

18/08/2017

Globally, we are at the start of the conversation for extended auditor reporting with revised and new auditor reporting ISAs implemented for accounting periods ending after 15 December 2016. Extended auditor reporting was implemented successfully in the UK in 2013. Since 2013, it is interesting to note how far the UK has come: from the… Read More The Extended Audit report: the start of the conversation

— (c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Information Technology —

Artificial intelligence and the future of accountancy

18/08/2017

Learn about the impact of artificial intelligence and the opportunities it presents for the accountancy profession. In our report Artificial intelligence and the future of accountancy, Kirstin Gillon, from ICAEW’s IT Faculty, looks at the rise of artificial intelligence, its impact on the accountancy profession and how it can be utilised by accountants.