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How Trump's quarterly earnings shake-up could disrupt the white-collar ecosystem
Yahoo Finance· 2025-09-17 17:04
Core Viewpoint - The discussion around quarterly earnings reports is shifting, with President Trump advocating for fewer reports to benefit companies, which could have significant implications for the ecosystem of white-collar jobs that support these earnings processes [2][3][4]. Group 1: Impact on Companies - President Trump has requested the SEC to investigate the potential benefits of reducing the frequency of earnings reports, suggesting that it could save costs and allow management to focus on running their companies [2]. - A survey by Nasdaq indicated that in 2019, 75% of 180 companies favored a transition to semi-annual reporting, highlighting a strong preference within corporate America for fewer earnings disclosures [3]. - Companies have expressed that the costs associated with quarterly earnings reports are substantial, involving extensive preparation and coordination among various teams [4]. Group 2: Implications for White-Collar Jobs - The potential reduction in earnings reports raises questions about the future of white-collar professionals, including investor relations and communications experts, who play a crucial role in conveying a company's financial narrative [5][6]. - Despite the possibility of fewer reports, industry experts believe that the demand for information from investors will not diminish, suggesting that many companies may continue to provide quarterly updates even if allowed to report semi-annually [7]. - The current economic climate and advancements in artificial intelligence are putting additional pressure on white-collar jobs that support the earnings reporting ecosystem [4].
ACCA launches virtual skills platform to aid newcomers in job preparation
Yahoo Finance· 2025-09-17 11:18
Core Insights - The Association of Chartered Certified Accountants (ACCA) has launched a Virtual Skills platform aimed at assisting professionals in the early stages of their careers [1][4] - The platform provides practical advice and resources focused on job application and interview techniques [1] Group 1: Platform Features - The platform includes a series of concise, on-demand videos covering various aspects of the job search process, including CV creation, LinkedIn profile development, interview attire, and salary discussions [2] - Additionally, the platform offers downloadable virtual flashcards informed by ACCA's research reports, covering topics such as AI, global economic trends, and environmental sustainability [3] Group 2: Strategic Intent - ACCA's brand and marketing director emphasized the organization's commitment to equipping members with necessary skills and knowledge for success, highlighting the platform as a resource for new professionals [4] - The launch follows ACCA's partnership with the Advisory Board Centre, aimed at enhancing members' skill sets to positively impact businesses and communities globally [4]
Cooper Parry expands team with new senior appointments
Yahoo Finance· 2025-09-17 09:21
Core Viewpoint - Cooper Parry is enhancing its team with senior appointments to strengthen its services in the UK and Ireland, positioning itself as a competitive alternative to the Big Four accounting firms [1][4]. Group 1: New Appointments - Nick Hatton has been appointed as partner and head of transaction tax, bringing over 25 years of experience from PricewaterhouseCoopers (PwC) and EY, focusing on the growth of transaction tax services in the private equity mid-market sector [2][4]. - Arif Ahmad has been appointed as regional market leader for Yorkshire & North East and audit relationship partner, with 28 years at PwC, including leadership roles in the Leeds office and private equity [2][3]. - Laura Bevan joins as assurance director, with 12 years at PwC leading the sustainability practice for PwC Wales, specializing in environmental, social, and governance assurance [3]. Group 2: Company Strategy and Vision - Cooper Parry's CEO, Ade Cheatham, emphasizes the firm's commitment to innovation, collaboration, and client impact, indicating that the new leaders are part of a strategy to build a next-generation professional services firm [4]. - The recent acquisition of Fellwood Advisory, a debt advisory firm specializing in the mid-market sector, aligns with Cooper Parry's growth strategy [4].
Beijing recognises CIMA’s digital management accounting credential
Yahoo Finance· 2025-09-15 10:54
Group 1 - The Beijing International Professional Qualification Directory (2025 Edition) has been updated to include the Chartered Institute of Management Accountants (CIMA)'s Digital Management Accounting (DMA) credential [1] - The DMA Programme aims to equip professionals with skills for digital and data-driven management, aligning with the Chinese Ministry of Finance's 2024 policy directive [2] - DMA credential holders will benefit from a streamlined process for employment, residence, professional title recognition, and social security benefits in Beijing [3] Group 2 - CIMA proposed policy recommendations to enhance Hong Kong's status as a premier financial center and facilitate long-term economic growth [4] - The recommendations include an industrial strategy covering sectors such as business, education, technology, and infrastructure [5]
Deloitte mulls job cuts in Aberdeen amidst UK internal review
Yahoo Finance· 2025-09-15 10:11
Accounting giant Deloitte is contemplating reducing its workforce at its Aberdeen office, reported the Scottish Daily Press and Journal. The company, which boasts a global headcount of 460,000, has indicated that an "extremely small number" of local roles are likely to be affected. While the exact figures remain undisclosed, the company has confirmed that staff have been briefed and are currently in a consultation period, the report said. The 'Big Four' accounting firm currently employs nearly 150 staff ...
PwC India launches AI-driven tax platform to support client operations
Yahoo Finance· 2025-09-15 09:51
PwC India has introduced the Navigate Tax Hub, a platform that integrates generative AI (genAI) to assist in tax and regulatory activities. The platform has been developed in line with the company's Vision 2030 initiative, the accounting giant noted in a statement. The Navigate Tax Hub combines the capabilities of AI technology with the tax knowledge base of PwC India and includes a library of tax content from authoritative sources such as Taxsutra. The platform is engineered to improve the operational ...
ICAI requests extension for tax audit report submission deadline
Yahoo Finance· 2025-09-12 15:16
The Institute of Chartered Accountants of India (ICAI) has submitted a request to Indian Finance Minister Nirmala Sitharaman for an extension of the deadline for filing tax audit reports for the Financial Year 2024–25 (Assessment Year 2025–26). The Central India Regional Council (CIRC) of the ICAI has suggested a new deadline of 31 December 2025, citing the complexities and challenges faced by taxpayers and professionals in meeting current requirements. Currently, the deadline for tax audit report submis ...
Scholes Chartered Accountants buys RSM UK’s Lerwick operations
Yahoo Finance· 2025-09-11 14:52
Core Viewpoint - Scholes Chartered Accountants has acquired the Lerwick team from RSM UK, aiming to enhance its services for owner-managed, entrepreneurial clients and become Scotland's largest accounting practice in Shetland [1][4]. Group 1: Acquisition Details - The financial specifics of the acquisition remain undisclosed [1]. - The deal increases the company's team size by one-third across its office network, which includes locations such as Kirkwall, Edinburgh, Aberdeen, Laurencekirk, and now Shetland [2]. Group 2: Strategic Implications - The acquisition is seen as a vital part of Scholes CA's long-term strategy, providing specialist on-the-ground knowledge that will positively impact clients and operations [3]. - Irene Hambleton, formerly a partner at RSM UK, has become the director of Scholes CA's Lerwick office, which employs 20 people [3]. Group 3: Growth Opportunities - The transfer of ownership is expected to offer the Lerwick team more flexibility in project pursuits and continued growth opportunities, benefiting both the team and Scholes CA [4]. - Scholes Chartered Accountants serves a diverse client base across multiple sectors, including agriculture, engineering, fisheries, hospitality, and renewable energy [4].