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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
Core Viewpoint - The Institute of Chartered Accountants of India (ICAI) has requested an extension for the deadline of tax audit report submissions for the Financial Year 2024–25, proposing a new deadline of 31 December 2025 due to complexities faced by taxpayers and professionals [1][4]. Group 1: Current Deadlines and Challenges - The current deadline for tax audit report submissions is 30 September, while the income tax return (ITR) filing deadline has been extended to 15 September [2]. - The Central India Regional Council (CIRC) has indicated that the current extensions do not adequately address ongoing issues, particularly technical difficulties with the income tax e-filing portal [2][3]. Group 2: Operational Challenges - The period from July to October is particularly challenging for taxpayers due to overlapping obligations such as goods and services tax filings and compliance with company law requirements, complicating timely tax audits [3]. - The CIRC has highlighted the operational challenges faced by professionals and taxpayers, emphasizing the need for accurate data compilation and the extensive nature of tax audits [3]. Group 3: Proposed Extension and Its Implications - The proposed extension aims to create a more manageable timeframe for compliance with regulatory obligations, potentially easing pressures of tax administration and improving compliance across the country [4]. - The letter requesting the extension was signed by CIRC chairman Ankur Kumar Gupta and CIRC secretary Jayendra Kumar Tiwary, expressing hope for a positive response from the finance minister [4].
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].
Deloitte US asks India staff to return to office two days a week
The Economic Times· 2025-09-10 16:55
The new rule becomes effective starting Oct. 1 for employees at the firm’s seven offices that help clients or provide back-office support across the South Asian country, according to an internal memo seen by Bloomberg News. The missive also said that staff may have to attend office on schedule because of space considerations, and failure to comply with the mandate will be tracked and taken into account during performance reviews.A spokesperson for Deloitte said in a statement that the firm’s The move by De ...
X @Bloomberg
Bloomberg· 2025-09-10 16:45
Deloitte has told its staff in India to show up in office at least two days a week or risk negative performance reviews, as the Big-Four accounting giant starts tightening its pandemic-era flexible work policy https://t.co/fcUgztaEZ1 ...
IESBA releases new publications to clarify ethics standards for accountants
Yahoo Finance· 2025-09-10 14:07
The International Ethics Standards Board for Accountants (IESBA) has published two new staff documents intended to clarify and promote the understanding of its ethics standard regarding the use of external experts, as well as the International Ethics Standards for Sustainability Assurance (IESSA). These documents will come into effect in December 2026. The publications detail important elements of the standard related to the engagement of external experts and the proportionality of ethics and independenc ...