Accounting
KPMG UK staff to share £100 million
KPMG has reported that turnover in its UK operations in the year to 30 September 2007 rose to a record £1,607 million.
 
Transfer pricing poses risk to multinationals
Eighty-seven percent of multinational enterprises (MNEs) believe that transfer pricing is a risk when managing their financial statements.
 
Updated APB guidance on bank confirmations
The Auditing Practices Board (APB) has published a revision of Practice Note (PN) 16: Bank reports for audit purposes in the United Kingdom.
 
Accountant calls for Irish Sea tunnel
Northern Ireland and Scotland should be linked by a tunnel, says David Clement, a prominent member of the Chartered Institute of Public Finance and Accountancy (CIPFA).
 
HMRC publishes revised fuel rates
HM Revenue and Customs have published revised advisory fuel rates to take effect from 1 January 2008.
 
Accountants switch firms to move up
Half of accountants believe that in order to move up the career ladder they must switch to another company.
 
Deloitte appointed London 2012 Professional Services supporter
Deloitte has been appointed as the professional services supporter for London 2012.
 
Carter & Carter launches fraud probe
Troubled training firm Carter & Carter is investigating irregularities in its 2007 accounts.
 
CIMA Financial Management Awards 2007
The winners of the CIMA Financial Management Awards 2007 were announced on 29 November at a sparkling ceremony in London.
 
Grainger ordered to restate accounts
Property developer Grainger plc has been ordered to restate its 2006 results.
 
KPMG 2007 global revenues grow 17.4%
KPMG member firms’ combined revenues increased to $19.8 billion for the fiscal year ending September 30, 2007, reflecting double-digit growth across all of KPMG’s service lines.
 
Grant Thornton reports double-digit growth
Business and financial adviser Grant Thornton has reported a 14 per cent growth in turnover for the year ending 30 June 2007 with pre-tax profit growing by over 16 per cent to £76m.
 
Leadership central to finance role
A survey of ICAEW members in business has asked ACAs to rank the skills and competencies they believe are most important for someone to be able to effectively fill a role like theirs.
 
More level playing field for women in accountancy
A new survey has suggested that more firms within the accountancy profession are recognising the need to retain talent, leading to a more level playing field for women.
 
HMRC issues revised guidance after Arctic Systems case
Revenue has released revised guidance about the application of settlement legislation.
 
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