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The Chartered Institute of Taxation (CIOT) has called on the UK government to rethink a proposal which would require businesses to identify HMRC if they have adopted an uncertain tax treatment. Under the terms of the proposed policy, firms would have to notify uncertain tax treatments separately from their tax return.

The Association of Chartered Certified Accountants (ACCA) UK and Generation CFO, a forum for CFOs and finance professionals, have signed a Memorandum of Understanding (MoU) to support each other's members in their roles as finance professionals.

Mazars UK has ranked sixth by the National Apprenticeship Service in its annual Top 100 Apprenticeships Employer rankings for 2020.

The Future Strategy Club discuss the importance of high- calibre contractor talent for post-COVID growth The monumental impact of Coronavirus upon the business world is well documented - with various government schemes in place to save not only businesses, but also jobs.

Finance teams must leave their comfort zone and champion big data and forward looking analytics to remain relevant, according to a report from the Association of Chartered Certified Accountants (ACCA), Chartered Accountants Australia and New Zealand (CA ANZ), and NTT DATA.

Two thirds (66%) of UK employees have said they have had no training or professional development since January 2020, despite the pandemic forcing many businesses change how they operate.

IFAC''s overview of the objectives, structure and building blocks of the proposed board can be found at The Way Forward. Kevin Dancey, CEO of IFAC, said, "The time for a global solution is now.

HLB has launched a sustainability and CSR advisory service, HLB Sustain CSR, as part of its firm in Malta. HLB Sustain CSR aims to develop and embed sustainability strategies for organisations to gain competitive advantage and resilience through compliance, business optimisation, business growth and managed business risk. Although based in Malta, its service offering will be available globally.

There are marked differences in approaches to managing cashflow and business continuity planning between SMEs and the corporate sector, according to the latest edition of the Association of Chartered Certified Accountants (ACCA) UK and The Corporate Finance Network's (The CFN) SME Recovery Tracker.

The Association of Chartered Certified Accountants (ACCA), has launched a white paper, Ethics in a Covid-19 world, which explores the role of ethics against the backdrop of the pandemic.

Three members have been appointed to the International Accounting Standards Board''s (IASB) Capital Markets Advisory Committee (CMAC): Oliver Gottlieb, Matthias Meitner and Larissa van Deventer.

HMRC are investigating approximately 4,500 cases of furlough fraud after their tax evasion hotline reveals tip-offs. The Revenue made their first reported arrest in August, with the 57 year-old suspect being investigated into ?495,000 ($658,694) worth of furlough scheme fraud.

Government spending has rocketed over the last few months in order to mitigate some of the consequences of the Covid-19 pandemic, with the IMF calculating spending to be $9 trillion.

The Institute of Chartered Accountants in England and Wales (ICAEW) has elected Mark Rhys as vice-president, taking over the role from Julia Penny in June 2021. Rhys is currently an audit partner with Deloitte and has 30 years of experience in banking audit. He was the first chair of ICAEW's Financial Services Faculty and currently chairs the Institute's Technical Strategy Board.

ICAS (the Institute of Chartered Accountants of Scotland) has announced a list of the Top 100 Young Chartered Accountants (CAs) as part of a global competition.

Research commissioned by the UK's Financial Reporting Council (FRC) and conducted by YouGov, has found that the development of standards for audit committees would support a more consistent approach to promoting audit quality. The research involved interviews with Audit Committee Chairs (ACCs) on how they carry out their role.

Nexia International has added a new member firm Hayes Knight Limited to Nexia New Zealand With two offices in Auckland, Hayes Knight Limited, formerly of Morison KSi, has 5 partners and 41 members of staff.

UK businesses overpaid approximately ?9.1 billion in corporation tax last year, according to national accountancy group UHY Hacker Young. This figure is up by 12.4% from the ?8.1 billion overpaid by firms in 2018. Isabella Colletta reports.

The IFRS foundation has appointed three new trustees -Robert Pozen, Kenneth Robinson and Erhard Schipporeit, effective 1 January 2021. Pozen is a financial executive and former executive chair of MFS Investment Management, Robinson currently serves as a trustee of the Financial Accounting Foundation, and Schipporeit is an independent management consultant and is a supervisory board member for several German companies, including BDO, where he holds the position of Vice-Chairman.

The International Federation of Accountants (IFAC) has reappointed Kevin Dancey as its CEO for the a second term, beginning 1 June 2021 until 31 May 2024.

Grant Thornton has moved up to joint second place by overall AIM clients with PwC, according to Adviser Rankings. Grant Thornton gained a net two new clients while PwC lost nine clients. However, PwC still dominates the Client Market-Cap rankings, and saw a ?10bn ($13.09bn) rise to ?29bn.

James Dalkin has been reappointed as the chair of the Consultative Advisory Group (CAG) to the International Auditing and Assurance Standards Board (IAASB), effective 1 October 2020. His reappointment, approved by the Public Interest Oversight Board, follows his election by IAASB CAG members at its September 2020 meeting.

Despite US President Donald Trump prematurely claiming victory in the US presidential election and falsely claiming fraud has been committed on the American public, the race to the White House is still very much on. As we wait for the final result, we look at the reactions and insights from the accountancy profession.

Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic's impact.

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) with the aim of improving financial reporting associated with accounting for convertible instruments and contracts in an entity's own equity.

The Accountant & International Accounting Bulletin DAF Awards 2020 are now open for nominations until 24th August 2020.

The International Federation of Accountants (IFAC) and the Zurich University of Applied Sciences (ZHAW), in partnership with the International Accounting Standards Board (IPSASB) have published a practical accounting tool for governments and other interested stakeholders to help analyse Covid-19 intervention programmes.

The American Institute of CPAs (AICPA) has issued a white paper to help auditors providing SOC reports on organisations that have incorporated blockchain into their service delivery systems. The white paper, Implications of the Use of Blockchain in SOC for Service Organisation Examinations, was developed by a working group of the AICPA Assurance Service Executive Committee (ASEC).

The Association of International Certified Professional Accountants (the Association) has promoted Sue Coffey to chief executive officer of public accounting. Coffey, who previously served as executive vice president - public practice, will partner with Association and American Institute of Certified Public Accountants (AICPA) president and CEO Barry Melancon to set strategy, strengthen, and advance the global accountancy profession and the value of public accounting.