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 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 ...

This AI Startup Is Training The Next Generation Of Accountants https://t.co/A13s7ACCk2 https://t.co/YHndq9f0Gy ...

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 ...

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].

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 ...

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 ...

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 ...

Cabrillo Advisors, known for its expertise in valuation and financial advisory, has become a member of the Crete Professionals Alliance (CPA), a network of accounting and advisory firms. The integration is expected to augment the service offerings of Cabrillo Advisors while preserving its brand and leadership, the company said in a statement. The Crete network, with its presence across the nation through more than 20 firms, offers a spectrum of services including taxation, auditing, and bookkeeping. CPA ...

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. The chasm between older workers and younger ones is, in many ways, an age-old problem, but recent research indicates it’s only growing in the accounting field. That’s according to a survey of managers and early-career workers released Monday by the Illinois CPA Society. From April through May, the organization queried 470 respondents, which comprised 185 workers with less th ...