U.S. CPAs and South African chartered accountants have a pathway to have their credentials recognized in South Africa and the United States under a new agreement. This cross-border recognition was enabled when the AICPA signed a mutual recognition agreement with the South African Institute of Chartered Accountants (SAICA) and the National Association of State Boards […]
Archives for February 2020
Case studies in forensic accounting – Accounting Today
In forensic accounting, accountants and lawyers may be close partners; and in fact, attorneys are often the reason accountants enter the field of forensic accounting to begin with. All three accountants featured in these case studies found their way into the field through an attorney who needed help with a particular case. The rest, as […]
Stocks making the biggest moves in the premarket: Uber, Canada Goose, Hanesbrands & more
Canada Goose (GOOS) – The outerwear maker reported better-than-expected profit and revenue for its fiscal third quarter, but also said the coronavirus outbreak is having a “material negative impact” during the current quarter. The company did add that no supply chain interruptions have occurred as a result of the virus. Hanesbrands (HBI) – The underwear […]
Activist Paul Singer builds close to $3 billion stake in SoftBank
By Scott Deveau and Sarah McBride Legendary activist investor Paul Singer is taking on one of his most high-profile targets yet: Masayoshi Son. Singer’s Elliott Management Corp. has built a stake of close to $3 billion in SoftBank Group Corp., according to people familiar with the matter. The New York-based hedge fund believes SoftBank is […]
Uber forecasts first-ever quarterly profit by end of year
By Lizette Chapman Uber Technologies Inc. said it will deliver a first-ever quarterly profit by the end of the year, signaling that cost-cutting measures are exceeding even the company’s own recent expectations. The company will become profitable, on an adjusted basis, by the fourth quarter of 2020, Dara Khosrowshahi, the chief executive officer, said on […]
Editor’s Comment: Pensions ignorance is unforgivable
For Financial Planners, working with clients over many years and helping them plan towards a better, more secure and comfortable life in retirement must be one of the most rewarding aspects of the job. A good part of the reason that clients see planners will be to do with retirement planning, getting a grip on […]
Editor’s Comment: Extraordinary pensions ignorance is unforgivable
For Financial Planners, working with clients over many years and helping them plan towards a better, more secure and comfortable life in retirement must be one of the most rewarding aspects of the job. A good part of the reason that clients see planners will be to do with retirement planning, getting a grip on […]
Thai court rules delayed $103 billion budget bill valid
BANGKOK (Reuters) – Thailand’s Constitutional Court ruled on Friday that a delayed $103 billion budget bill for the current fiscal year was valid, giving the go-ahead for spending plans aimed at reviving the flagging economy. A majority of the court voted that the bill was valid, but it will need a new parliamentary vote on […]
16m saving into master trust pensions says TPR
More than 16m people are now saving into master trust pensions, according to data from The Pensions Regulator. Workers have so far saved £35.8bn into master trusts – with nine out of 10 people saving into the largest master trusts. The TPR’s annual DC Trust report also revealed the number of defined contribution (DC) pension schemes […]
Breaking tradition: Why collaborative solutions trump siloed working
Technology experts are increasingly working together to solve customer problems, Here Rob Lamb, client principal and CTO Officer at Dell Technologies, explores the benefits of breaking down siloes – and moving away from traditional practices – by delving in to the telco and manufacturing industries. The digital revolution has blown traditional business mindsets out of the water […]