News and Updates | RJK ARFEEN & CO

KPMG slapped with $50m fine over past audit work

18 June 2019, 10:28 am

KPMG has agreed to pay a $50m penalty after the American Securities and Exchange Commission (SEC) charged the firm with altering past audit work after receiving stolen information about upcoming inspections. The SEC also found that numerous KPMG audit professionals cheated on internal training exams by sharing answers and manipulating test results. Alongside the $50m […]

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Williams Lea appoints new global chief financial officer

17 June 2019, 12:38 pm

Williams Lea have announced the appointment of Dan O’Brien as chief financial officer (CFO). “Williams Lea is at a pivotal point in its rich history and I am looking forward to being a part of the team that drives the company’s evolution and growth,” said O’Brien in a statement. O’Brien will oversee finance, legal and […]

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Deloitte appoints first female Managing Partner for Consulting

17 June 2019, 12:34 pm

Anne-Marie Malley has been appointed managing partner for Consulting in the UK, the first woman in the firm's history to hold the position

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From abacus to algorithms: why existing accounting skills are “less relevant”

14 June 2019, 1:02 pm

It should come as no surprise that artificial intelligence is spearheading deep fundamental changes within the accounting sector. Having already prompted a revolution in financial services as well as Big Tech, the buzzword AI now has its sights set on accountancy. AI is rarely understood and technophobes read headlines about AI beating chess masters (or […]

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Mazars acquires healthcare company Hall Liddy

14 June 2019, 10:20 am

Mazars has announced the acquisition of Hall Liddy, a medical accounting firm in the NorthWest, with over 2,600 clients. “The healthcare sector has always been extremely important to us,” commented Margaret Laidlaw, Mazars‘ head of entrepreneurial business. “We are constantly looking for ways to deliver exceptional service and help our clients manage and grow […]

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ICAEW: Brexit not as bad on economy as expected

14 June 2019, 7:46 am

The ICAEW believes Brexit uncertainty has not affected the UK economy as expected, though a no-deal Brexit must be avoided

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Moody’s Analytics enhances accounting and reinsurance capabilities of RiskIntegrity IFRS 17 solution

13 June 2019, 4:51 pm

Moody’s Analytics has added new accounting and reinsurance capabilities to their RiskIntegrity IFRS 17 solution. These new features are intended to help insurers and reinsurers meet the stringent reporting requirements of International Financial Reporting Standard (IFRS) 17. The latest enhancements to its accounting functions include the introduction of a Moody’s Analytics chart of accounts, end-to-end accounting […]

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Why diving into tech won’t control accounting sector disruption

13 June 2019, 4:49 pm

As political and economic uncertainty, shifting markets and regulators throw up disruption for both practice and company accountants, a tech vendor warns that jumping into technology is not the way to get ahead. “It’s not about diving into the technology that’s on the market because it seems to be the trend, but really understanding what […]

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Small businesses ‘unsatisfied’ with their accountants

12 June 2019, 4:26 pm

70% of small businesses would not recommend their advisor to others – and over a quarter said they are likely to switch accountants, according to research by Xero. Xero studied businesses which use any online or digital bookkeeping tools, and found that 80% of small businesses are working with an external accountant, yet their satisfaction […]

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EY appoint two women to senior UK leadership roles

12 June 2019, 11:53 am

EY today announced the appointment of Justine Belton to its UK LLP Board and Tonia Lovell as a UK Independent Non-Executive (INE). The announcement means that six of the 10 positions on the board will be held by women. Steve Varley, UK Chairman of EY, spoke of his pride at the firm’s continued commitment to […]

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