International Accountant e-News
30.9K views | +4 today
Follow

AIA Call for "Accountants" to Adopt Higher Standards Regarding Cyber Security & GDPR

From www.aiaworldwide.com

Do you know your responsibilities to your clients under the current legislation if you have data compromised as a result of a cyber attack? In the event that you have data compromised as a result of a cyber attack there is a good chance that client data will also be compromised so you do need to be aware of your responsibilities under legislation.

No comment yet.

Annual Investment Allowances changes | Six Forward Limited

From www.aiaworldwide.com

On the face of it, the increase in the annual investment allowance (AIA) from £200,000 to £1 million seems straightforward. You would be forgiven for thinking that major capital expenditure should perhaps be incurred early in 2019 to take early advantage of the uplift. In some cases, that will work well; in others, it will be the worst possible timing. It’s all down to some rather complex transitional rules.

No comment yet.

Hong Kong’s Accountancy Firms Raise Their Headcounts as IPO Bonanza, Fintech Boom Boost Business | South China Morning Post

From www.scmp.com

The Hong Kong Institute of Certified Public Accountants (HKICPA), the industry body for the 43,000 accountants in the city, said about 1,300 candidates had enrolled for its training programme in the past five years, with the number growing between 3 and 4 per cent each year.
No comment yet.

Do Your New Employer Clients Know About the Increases in Minimum Contributions for Workplace Pensions? | The Pensions Regulator

From www.thepensionsregulator.gov.uk

By law, a total minimum amount of pension contributions must be paid into the scheme. The minimum pension contributions are required to increase over time on set dates. These increases are planned in phases. The first took place on 6 April 2018 and the second will take effect from 6 April 2019.

No comment yet.

Thrilling Billing and Hellish Clients | AccountingWeb

From www.accountingweb.co.uk

For many accountants, this could be the best week of the year. After all the hurly-burly of the tax return season, there should finally be an opportunity to relax, even if one or two dilatory returns still need to be completed and submitted to HMRC.

No comment yet.

7 Reasons Why Cybersecurity Awareness Training for Finance Staff is Important | Accountancy Age

From www.accountancyage.com

We live in a cyber world. We all depend on technology vigorously nowadays, especially businesses and corporations. Systems, software and hardware are essential for most, if not all departments in an organisation. As much as we tend to think that our work and processes through these IT solutions are safe and secured, that is not the case unfortunately.

No comment yet.

Soft Landing for Making Tax Digital for VAT Will Allow 'Cut and Paste' | Accountancy Daily

From www.accountancydaily.co

With less than 50 days to go until Making Tax Digital for VAT becomes mandatory for businesses registered for VAT, HMRC has confirmed that companies will be able use a 'cut and paste' approach during the one-year soft landing before companies need to use digital links.

No comment yet.

How Will Personal Data Continue to Flow After Brexit? | ICO 

From icoumbraco.azurewebsites.net

Like everyone in the UK right now, we are following the twists and turns of the Brexit negotiations. The sharing of customers’, citizens’ and employees’ personal data between EU member states and the UK is vital for business supply chains to function and public authorities to deliver effective public services.

No comment yet.

AIA Partners with GDPR Specialists to Support Member Compliance

From www.aiaworldwide.com

AIA is delighted to announce a new strategic partnership with industry leading General Data Protection Regulation (GDPR) specialists, The Data Support Agency. The collaboration will provide AIA members with a cost effective, solutions driven approach for the implementation and maintenance of best practice around their own data compliance, which in turn will ensure their clients can be assured that their own data is being well maintained.

No comment yet.

HMRC Letter Provides the Latest Guidance to Businesses About the UK Leaving the EU | HMRC

From www.gov.uk

HMRC have published their latest letter to UK businesses that trade only with the EU, with details of important actions they need to take and changes to be aware of in the event of the UK leaving the EU without a deal. It is their third letter to businesses on preparing for the UK leaving the EU.

No comment yet.

FRC Strengthens Stewardship Code | FRC

From www.frc.org.uk

The Financial Reporting Council (FRC) is consulting on a new Stewardship Code that sets substantially higher expectations for investor stewardship policy and practice. The Code will focus on how effective stewardship delivers sustainable value for beneficiaries, the economy and society.

No comment yet.

Petition Launches as UK Accountants Lobby for Change 

From www.aiaworldwide.com

The Oxford English Dictionary is being urged to change its ‘archaic’ definition of the word ‘accountant’ by Xero, the cloud accounting platform, who have launched an online petition. Gary Turner, the MD and UK co-founder of Xero has penned an open letter to the dictionary’s in-house experts to call for the term to better represent what it means to be an accountant in 2019. 

No comment yet.

The United Kingdom's Measures to Combat Money Laundering and Terrorist Financing | FATF

From www.fatf-gafi.org

Following the publication of the Anti-Money Laundering and Counter-Terrorist Financing Measures UK - Mutual Evaluation Report in December 2018, AIA has been working with the government and regulators to implement the recommendations set out within the report and build upon the generally positive outcome of the review to ensure systems and processes are robust enough to detect and deter money laundering and illicit finance.

No comment yet.

TPR Action Leads to NOW: Pensions Overhauling Its Administration System

From www.thepensionsregulator.gov.uk

Demands from The Pensions Regulator (TPR) for NOW: Pensions to overhaul its administration system have led to the pension contributions of hundreds of thousands of people being collected and invested. TPR gave the trustee and trust manager of NOW: Pensions a deadline to fix serious and persistent administrative failings with the pension scheme that had led to problems with the collection and investment of contributions.

No comment yet.

Brexit an Opportunity to Re-focus | TheCityUK

From www.thecityuk.com

AIA Chief Executive, Philip Turnbull backed Chancellor of the Exchequer, Rt Hon Philip Hammond's comments during TheCityUk Annual Dinner on 30 January 2019. Philip Turnbull, added: "The Financial sector must take a proactive positive approach to Brexit and it as an opportunity to re-focus; with the aim of increasing productivity and growth in emerging markets". 

No comment yet.

The Track to Success is Achieve

From www.aiaworldwide.com

Achieve is designed to give all AIA students the preparation and support required to pass the AIA exams. As a student the programme will guide your learning and provide you with access to feedback, advice, and support from a specialist team of e-tutors, ensuring you consistently get the maximum benefit from your study.

No comment yet.

The AIA Hong Kong Branch Annual Dinner Announced

From www.hkbranchdinner.com

Join the AIA and other Members on the 15 March at Craigengower Cricket Club in Hong Kong for our Annual Dinner 2019. “The Annual Hong Kong Branch dinner is always a great highlight of the year, which provides an opportunity to network and socialise with business partners and colleagues in a wonderful setting." - Dr William Ho, President of AIA Hong Kong Branch

No comment yet.

AIA's Upcoming Webinars

From www.aiaworldwide.com

Earn CPD points without have to leave your office or home. AIA have a wide range of webinars for you to take part in over the coming months, including:

AML Compliance Update | 15 February

Work, Health and Well-being | 20 Febraury

Finance Act 2019 | 01 March

No comment yet.

Protect Your Business From Cyber Attacks

From www.aiacybersecurity.com

You can never be totally safe, but most online attacks can be prevented or detected with basic security practices for your organisation, people, network, applications, and systems. Learn more from Information Security Specialists at this interactive upcoming Cyber Security Seminar in February.

No comment yet.

Scam Victims Lose More Than £1m Each to Fraudsters | The Pensions Regulator

From www.thepensionsregulator.gov.uk

Some victims of pension scams have lost more than £1 million in savings each to fraudsters, new statistics have revealed. Intelligence gathered by members of the multi-agency Project Bloom group, which was set up to tackle pension scams, has found some people who had managed to put away more than £1 million have lost their retirement funds to criminals.

No comment yet.

A Realist’s Predictions for the Accounting Profession in 2019 | Accounting Today

From www.accountingtoday.com

With the new year already upon us, Mike Whitmire is going to share a tempered perspective on what accountants, controllers and CFOs should keep an eye on in 2019 based on discussions with peers in other areas of technology and business, and taking into account his own experiences with customers across a multitude of industries.

No comment yet.

Why the Panic About Cryptocurrencies? | AccountingWeb

From www.accountingweb.co.uk

Have you spent any money this week? You probably have, and it might have been by swiping or tapping a card, by shopping online, or via an internet transfer or a direct debit. You maybe even spent cash, handing over notes and coins and getting change in return.

No comment yet.

Ethics at Centre of New AIA Professional Qualification

From www.aiaworldwide.com

The AIA annual conference took place on 18 January 2019 at the Crowne Plaza Hotel in Newcastle upon Tyne with the focus predominately on the development of the new AIA Professional Qualification, changes to the UK’s Corporate Governance Code and changes to the IFAC International Code of Ethics for Professional Accountants.

No comment yet.

Greek Regulator Approves AIA to Provide CPD to Statutory Auditors/Accountants

From www.aiaworldwide.com

AIA is delighted to be granted authority to provide verifiable Continuing Professional Development (CPD) events for qualified accountants and auditors in Greece. This pioneering development comes as AIA continue to build and expand their membership footprint within the Eastern Mediterranean region.

No comment yet.

Associate Member Applies His Knowledge to Help Build the Future of Young People

From www.aiaworldwide.com

The AIA is pleased to announce that Associate Member Professor Mark Watson-Gandy recently published his latest book titled KidsMBA: How to Build a Successful Business: Essential Skills and Know-How for Future Billionaires’.

No comment yet.