Micro News

Micro News

According to the findings from the 2017 Hays Asia Salary Guide, the number of women working in managerial positions in Singapore has surged to 32% this year, while the number of foreign employees in Singapore has decreased, making up 22% of the workforce in Singapore. The Guide is the tenth publication…


Accountants are asking for quicker career progression routes after recent reports show that individuals in the accounting profession are becoming increasingly ambitious as well as wanting more recognition after having to study for more years after graduating than the average degree. (Excluding medical…


The UK now launches more than double the amount of money laundering investigations than the same period in 2012, recent enquiry figures have shown. The number of mutual legal assistance (MLA) requests received by the UK has increased by 14% to 163 in 2016, up from 145 during the same period in 2015,…


The European commission accidently leaked draft legislation for a blanket crack-down on any banks, accountants and law firms that facilitate offshore tax schemes in Europe. Brussels is due to publish proposals this week to make financial intermediaries automatically disclose any new international tax…


The Financial Reporting Council has warned that in the latest figures about the common reporting standard for auditing in accountancy firms have seen a gap in reporting quality between the audits of big companies and those of a smaller size. Smaller firms audits are becoming increasingly flawed compared…


Norway has announced plans to postpone the introduction of IFRS for Norwegian SMEs that was supposed to be implemented the same week that the IFRS Foundation will publish draft guidance on the required standards. The guidance addresses the prerequisite accounting management for a financial guarantee…


Big four financial firm PricewaterhouseCoopers is facing trouble in Ukraine after Auditors for the company allowed the accounts of a bank allegedly drained by two Ukrainian tycoons. Local authorities are investigating claims that £4.3B was stolen from lender Privat. One of the two accused autocrats used…


The Ministry of Finance in Mauritius has signed the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting (BEPS). A multilateral instrument is a legal tool designed to prevent profit shifting as well as enabling the implementations to the minimum…



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