Skip to the content

NEW ZEALAND GIVES THE GREENLIGHT TO CRYPTO SALARIES

The New Zealand Inland Revenue (Te Tari Takke) has issued a public ruling allowing employees to receive salaries in cryptocurrencies from 1 September 2019, reports The Accountant Online. The ruling applies where the crypto-assets: are for services performed by the employee under an employment agreement; are a fixed amount; and form a regular part of the employee’s remunera ...

CFOs should invite marketing teams in for a chat

This article was first published in the July/August 2019 International edition of Accounting and Business magazine. By Jason Ball. Here’s a scary fact: in a global study by Fournaise Marketing Group, 80% of CEOs were either unimpressed or simply did not trust their chief marketing officers (CMOs), compared with just 10% who felt the same about their CFOs and chief information ...

FORMER PCAOB INSPECTIONS LEADER JAILED FOR STEALING CONFIDENTIAL INFO

Cynthia Holder, a former Public Company Accounting Oversight Board (PCAOB) inspections leader and director at KPMG, has been sentenced to eight months in Federal US prison. This is the first custodial sentence to be handed to one of the five former KPMG executives indicted over a scheme to steal inspection information from the PCAOB, reports The Intrenational Accounting Bulleti ...

A look at IFRS 13 and consultation on disclosure requirements

The use of fair values has always been contentious. Adam Deller looks at IFRS 13, and user and preparer responses to IASB consultation on disclosure requirements. By Adam Deller, at Accaglobal. This article was first published in the July/August 2019 International edition of Accounting and Business magazine. In previous editions, AB has looked at how accounting standards such ...

Get ready for European single electronic format filing

The world’s financial markets are gradually crossing the digital divide, and taking listed company annual reports with them. This article was first published in the July/August 2019 UK edition of Accounting and Business magazine. By Lesley Meall.  Every day, advances in digital technologies are increasing the volume and variety of available data and the ease with which we can ...

EU finance ministers confront inequalities in advanced economies

G7 France reports that ministers and governors deepened their policy discussion on inequalities that started in Bari in 2017 and was further advanced in Whistler in 2018. They reaffirmed that a key challenge facing G7 economies is to make sure that every person has a real and fair chance to contribute to, and share in, economic success. Ministers and Governors underlined the i ...

Recession expected by 2020

According to a survey by the International Association of Financial Executives Institutes (IAFEI) together with Duke University and Grenoble Ecole de Management, two-thirds of CFOs across the globe expect a recession by the third quarter of 2020. Despite this, they expect capital spending and revenue to increase moderately over the rest of 2019. 67% of CFOs in the US expect a ...

Toxic leaders threaten the economy

Toxic leadership has brought Eskom and other public sector organisations to the brink of collapse. Should Eskom fail, it would be bigger than the failure of US energy company Enron nearly 20 years ago, said forensic investigator Paul O’Sullivan, speaking at a CFO Talks debate on toxic leadership in Midrand this week. The surge in corporate scandals is symptomatic of the rise o ...

5 qualities every internal auditor needs – does your team have them?

From CFO News Daily: It’s a mission-critical function in every company: the internal auditor. And whether you have a dedicated position or tap general finance staffers to do the review, you want to make sure you have the right person for the job. Heads up: That definition is changing. Many of your peers are looking for different skills these days when deciding who to put in c ...

Business leaders of the G7 countries make proposals to address key world challenges

“We operate in an increasingly complex and challenging environment both politically and economically, in Europe, and around the world. Together business and governments can deliver solutions for 21st century challenges such as global trade, climate change, digitalisation and inequalities”. This was the key message conveyed by BusinessEurope President Pierre Gattaz to French Pre ...

Get interviewed

Share your story

Join our interview line-up today. We'll see if you qualify for an interview.