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The role and mindset expected of professional accountants

The International Ethics Standards Board for Accountants (IESBA) met in Nashville, Tennessee in June to outline a new vision of the role and mindset of the professional accountant. The IESBA considered a first-read draft of the proposed changes to the fee-related provisions in the International Independence Standards, Section 410, Fees as well as some of the related conforming ...

UK Publishes Digital Services Tax Policy Paper

The UK’s revenue authority, HMRC, has published a policy paper concerning a digital services tax which will enter into force on 1 April 2020 in the UK. The tax will apply to businesses making available search engines, social media platforms or online marketplaces to UK users, including any associated online advertising of that business, with a global annual turnover over £500 m ...

The future of tax

The Global Tax Advisers Platform invites you to attend the GTAP Conference to be held in Torino, Italy, on Thursday 3 October 2019 from 9am to 5pm, on the topic of “Tax and the Future”.In the 21st century, close cooperation in taxation matters is indispensable; a pre-requisite driven by increased globalisation and digitalisation. This is particularly so in light of the many tax ...

Toxic Leaders: how to spot and deal with them

South Africa Inc is going through a crisis of confidence. Some of our largest companies have seen billions lost to what seems now to be bully CEOs. Toxic leaders can devastate any successful business and have ruined many careers.  Crime investigator Paul O’Sullivan knows a thing or two about bullies. He brought down gangster Radovan Krejcir and former police boss Jackie Sele ...

Lack of improvement in audit quality ‘disappointing’ - report

The Financial Reporting Council has made a scathing attack on the quality of UK audit in the latest 2019 Audit Quality Inspections reports, with one in four audits inspected requiring significant improvement, reports Accountancy Daily. Despite attempts to raise the standard of audit and the profession facing severe criticism over a number of high profile audit failures over th ...

The evolution of the CFO

CFOs are playing an increasingly pivotal role in driving change in their companies. How should they balance their traditional responsibilities with the new CFO mandate? In this McKinsey episode of the Inside the Strategy Room podcast, McKinsey partner Ankur Agrawal and consultant Priyanka Prakash speak with communications director Sean Brown about how to manage the competing d ...

European Steel Day: More proactive and assertive industrial strategy needed to tackle challenges

From Business Europe: “Europe needs a more strategic approach on industrial policy”, said Markus J. Beyrer, BusinessEurope Director General, to an audience of more than 300 guests at the European Steel Day on 26 June 2019 in Brussels at the panel on “The state of EU industry: transition in an era of geopolitical, economic and environmental challenges”.  A clear message from the ...

EU lives to die another day

By Alexandra Brzozowski and Beatriz Rios    As exactly the time when Europe actually could prove its credibility and make it visible for the whole world, EU institutions have buried themselves in a trench war over the election of their new leadership. In a typical Merkel manner, the German Chancellor ditched a question about the bad perception EU voters might get from watchin ...

The EU chessboard after the elections

Political intelligence group Cattaneo Zanetto & Co reports that the results of the European elections of  23-26 May change the composition of the European Parliament. For the first time since 1979 (first election by universal suffrage), the two traditional groups, the European People’s Party (EPP) and the Socialists and Democrats (S&D), will not have an absolute majorit ...

How US-Iran tensions might affect Gulf sovereign ratings

From SPGlobal: Tensions in the Arabian Gulf increased in May 2019 after exemptions from sanctions ended on countries buying oil from Iran. Since then, Iran has been accused of retaliating against the sanctions by allegedly damaging infrastructure and commercial shipping vessels in the Gulf. Also, Iran is now threatening to restart its nuclear program. Furthermore, the U.S. gove ...

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