financial reporting News

Australian Regulator Flags Important Accounting Standard Changes

by Mary Swire, Tax-News.com, Hong Kong

Friday, December 7, 2018

The Australian Securities and Investments Commission has highlighted the significant impact that recent accounting standard changes will have for financial reports that must be prepared for the year to December 31, 2018, and second quarter reports. Read Full Story

UK Seeking To Encourage Audit Market Competition

by Jason Gorringe, Tax-News.com, London

Friday, November 23, 2018

Companies looking for auditing services may benefit from a more competitive market if changes are recommended as part of a recently launched Competition and Markets Authority (CMA) review into the industry. Read Full Story

FASB Issues New Standard For Variable Interest Entities

by Mike Godfrey, Tax-News.com, Washington

Friday, November 2, 2018

The Financial Accounting Standards Board (FASB) on October 31 issued Accounting Standards Update 2018-17, intended to reduce the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs), for which consolidation is not based on a majority of voting rights. Read Full Story

Panama Updates Transfer Pricing Reporting Form

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 27, 2018

Panama's General Revenue Directorate has released a new version of its transfer pricing Form No 930, which must be used to present information on the pricing of cross-border transactions between related parties. Read Full Story

UK Firms' Financial Reporting More Transparent: FRC

by Amanda Banks, Tax-News.com, London

Monday, October 30, 2017

Whilst corporate reporting by large listed companies is generally good, detailed explanations and clarity could still be better, according to the Financial Reporting Council's recently released Annual Review of Corporate Reporting. Read Full Story

Australia To Tackle Illegal Phoenixing Activity

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, September 12, 2017

The Australian Government has announced a package of reforms to deter and penalize illegal phoenixing activity. Read Full Story

Australia Consults On Beneficial Ownership Reporting Options

by Mary Swire, Tax-News.com, Hong Kong

Monday, February 13, 2017

The Australian Government has launched a consultation on how to improve transparency surrounding the beneficial ownership of companies. Read Full Story

Irish FinMin Guides On New Beneficial Ownership Rule

by Jason Gorringe, Tax-News.com, London

Monday, February 6, 2017

The Irish Finance Ministry has issued guidance on a new EU anti-money laundering regulation on the reporting of beneficial ownership information. Read Full Story

Canadian Tax Breaks Benefit Wealthy Most, Says Study

by Mike Godfrey, Tax-news.com, Washington

Friday, December 9, 2016

Canada's personal income tax expenditures disproportionately benefit the top 50 percent of income earners, according to a new report by the Canadian Centre for Policy Alternatives. Read Full Story

Australia Eases Reporting Burden For Charities

by Mary Swire, Tax-News.com, Hong Kong

Monday, October 3, 2016

The Australian Taxation Office has announced that ancillary funds registered as charities will only need to submit their annual return to one government agency. Read Full Story

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