British Virgin Islands
The BVI has recently released several important regulatory amendments to its financial services legislation which are applicable to BVI funds and their advisors.
Important filing deadlines as well as procedures for submission of information to the relevant authorities with regard to audited accounts, fund annual returns, record keeping, register of directors and AEOI.
Further to our previous updates, the BVI ITA, on 19 February 2019, published guidance notes on the CbCR requirements of entities that are resident in the BVI and updated guidance notes on the OECD's CRS.
The Cayman Islands Court of Appeal has unanimously allowed every ground of an appeal by the liquidators of Argyle Funds SPC Inc. ("Argyle"), holding that its former auditors,
The Credit Reporting Act 2013 (the "CRA") established an official statutory register (the "Register") operated by the Central Bank of Ireland ("CBI") to record the amount of credit in the Irish economy.
Elias Neocleous & Co LLC
We are delighted to announce that, following its second Surveillance Audit, Elias Neocleous & Co LLC has successfully retained its ISO 9001:2015 certification.
Our Audit Transparency report 2019 includes information about the governance processes, ethical principles and quality control procedures of our Firm and in particular of our audit practice.
Patisserie Valerie entered into administration at the start of this year following the discovery of fraud within the company
Several major new IFRS standards have become effective recently or will do so soon and, as is the case for every new standard ...
Will IFRS 9 end up discouraging investors? I asked that question in another article a few months ago in a discussion of the new requirements, which relate to the accounting treatment of equity investments under IFRS 9.
As I'm sure everyone is well aware, IFRS 16 is now effective for annual periods beginning on or after 1 January 2019.
The audit domain is facing clients who are interested in Initial Coin Offerings, cryptoexchanges, digital wallets and other similar projects which will be requiring financial statement or other types of assurances services, ...
Generally, cryptoassets, including cryptocurrencies such as Bitcoin, are transferrable digital assets which utilise DLT to verify and secure transactions without the intervention of any middleman, that is, a decentralised structure.
If you had to ask me ‘what is the KPMG difference' I would have to say quality. Quality is at the top of the KPMG agenda.
KPMG AEOI Reporting provides a technology solution for reporting under the Foreign Account Tax Compliance Act and the OECD Common Reporting Standard and is a global solution for Financial Institutions.
The purpose of communicating key audit matters is to enhance the communicative value of the auditor's audit report by providing greater transparency about the audit that was performed.
G M Corporate and Fiduciary Services Limited
In Malta we have our own default accounting framework that can be used by small or medium companies known as "GAPSME", which stands for The Accountancy Profession (General Accounting Principles for Small and Medium sized entities).
In October 2016, the Panamanian government adopted new regulations to comply with the international commitments regarding corporate and fiscal transparency.
United Arab Emirates
The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging
Over the past eight months I've been working with insurers in the Middle East on their IFRS 17 implementation projects and I have also been lucky enough to embark on a new career opportunity having now relocated to Dubai ...