The Association of International Accountants (AIA) are pleased to announce a new collaborative partnership agreement with Towergate BIB (part of Towergate Insurance Brokers), one of the UK’s leading independent insurance broker and risk management advisors.
The Irish Revenue have published guidelines on 'How to Protect Your Business from Becoming Involved in VAT Fraud' within Chapter 16 of the VAT Manual on the Revenue website. These guidelines are intended to help businesses avoid becoming involved in such illegal transactions.
Farming with a moderate scale represents the trend of modern agriculture and should be carried forward according to law, Premier Li Keqiang said during a trip to China's major grain-producing Shandong province on 24 July.
Norman Chan Tak-lam, the chief executive of the Monetary Authority, has rejected calls from lawmakers to use part of Hong Kong's HK$3 trillion Exchange Fund to pay for infrastructure projects or social welfare. Mr Chan stated the fund needs every penny to cope with unexpected financial crises.
The Financial Reporting Council’s (FRC) Financial Reporting Lab has published a report on ‘Accounting policies and integration of related financial information’, which provides valuable insight for companies on what investors want from accounting policy disclosures and where they should appear in financial statements.
The International Accounting Standards Board (IASB) today completed the final element of its comprehensive response to the financial crisis by issuing IFRS 9 Financial Instruments. The package of improvements introduced by IFRS 9 includes a logical model for classification and measurement, a single, forward-looking ‘expected loss’ impairment model and a substantially-reformed approach to hedge accounting. The new Standard will come into effect on 1 January 2018 with early application permitted.