News
Firms turn to finance for CEO posts
Britain’s largest companies are increasingly turning to chief executives with a background in finance, according to Robert Half’s annual FTSE 100 CEO Tracker.CFO pay rises, but subjective bonuses rankle finance chiefs
CFOs are dissatisfied with the amount of bonuses awarded subjectively, according to the AICPA/Arizona State University 2013 CFO Incentives and Compensation survey.Executives warm only slowly to spending more cash on M&A
Executives are only slowly losing their reluctance to spend some of the record amounts of cash on hand. Despite favourable M&A conditions in the United States, respondents in two surveys were most likely to stick with their existing plans rather than spend more cash on deals in 2013.Accountants enjoy good work/life balance, despite longer hours
British accountants are working longer hours than they were two years ago, but they still enjoy a better work/life balance than most other professionals, according to a survey by recruitment firm Robert Walters.How have CPAs responded to regulatory overload?
An increase in regulatory requirements in recent years has caused increased workloads for finance staff in recent years.Australia shares data on offshore assets with Japanese tax authorities
Japan’s National Tax Agency announced that it has received “a substantial amount of data” from the Australian Taxation Office about entities related to Japanese taxpayers that are located in so-called tax havens.CPAs expect modest difficulty applying revenue recognition standard
Finance executives in the United States expect modest difficulty implementing the sweeping, global changes in revenue recognition that are coming their way, according to a new survey.US finance execs upbeat about their businesses, economy
Finance decision-makers in the United States are more upbeat, especially about the domestic economy but also about their own organisations.Revised standard aims to increase transparency of UK auditor’s reports
A revised UK Financial Reporting Council auditing standard is designed to make the auditor’s reports more transparent for investors.Lower wages lure BPO work to Eastern Europe
Central and Eastern European (CEE) countries continue to be popular destinations for business process outsourcing (BPO) and shared services, despite rapid economic development that is causing wages to rise.Top performers earn larger pay raises
Employees who have been singled out as “high performers” are being awarded pay raises that are, on average, 67% higher than their peers, according to research in the UK by HR consultancy Towers Watson.Protiviti exec Hirth named COSO chairman
Robert Hirth, CPA, a founding managing director of global consulting firm Protiviti, has been named chairman of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).Switzerland proposes allowing banks to resolve US tax evasion cases
The bill aims to create a legal basis under Swiss law to resolve tax evasion disputes with the United States.European workers win when it comes to paid time off
The United States is the only one of 21 advanced economies studied for a recent report where the law does not guarantee paid time off for workers. Low-wage and part-time workers in the United States especially lack paid vacation benefits.Who got the best 2012 pay raises in finance departments?
Executive-level employees received the highest raises in North American finance departments in 2012 on a percentage basis, according to a new survey.IASB: 3 steps to more relevant disclosures
Accounting bodies and regulators across the globe are wrestling with the task of how to improve the usefulness and clarity of disclosures in financial statements.How work attire influences your next promotion
“Dress to impress” might seem trite, but it rings true in the business world. Employers surveyed say that what a job candidate wears can play a role in that candidate’s chances at a promotion.Pact enables US, Chinese regulators to co-operate on enforcement
A memorandum of understanding creates a co-operative framework between the PCAOB and the China Securities Regulatory Commission (CSRC) and the Ministry of Finance (MOF).Time quickly running out for businesses to apply for Mexican tax amnesty
Businesses that owe back taxes in Mexico have one week to apply for Mexico’s tax amnesty programme, which closes on May 31st.
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