AIA General News
AIA Accountancy E-News 12.08.08
The AIA news service is circulated to all AIA members, students and contacts within the AIA database and this bulletin is for the week ended 12 August 2008.
SEC Announces Two New Anti-Money Laundering Compliance Initiatives
The Securities and Exchange Commission (SEC) has unveiled a new one-stop online reference site to assist mutual funds in their anti-money laundering (AML) compliance efforts.
IASB Proposes Amendments To Simplify And Achieve Convergence In The Calculation Of EPS
The International Accounting Standards Board (IASB) has published proposals to simplify the calculation of earnings per share (EPS) and to eliminate differences between the methods required by International Financial Reporting Standards (IFRSs) and US accounting standards to calculate EPS.
Dramatic Cut Seen In Mortgage Lending
Building societies have so dramatically slashed their mortgage lending that repayments outstripped new loans by almost £700m in June.
Small Companies On Brink Of Tax Revolt
Small business owners are so unhappy with the tax system that many may soon refuse to comply with their legal obligations, a lobby organisation has claimed.
Accountancy Firms Halt Recruitment As Credit Crunch Takes Toll
Over half (57%) of the top 100 accountancy firms say they are going to decrease or keep staff levels the same next year, according to recent research by web recruiter cvmail.
Clampdown On Temps Tax Relief
The “widespread abuse” of a £300m ($575m) tax break for some temporary workers is under attack by the Treasury, which is considering reversing a concession for travel expenses it introduced 10 years ago.
Government Pulls Funding For Late Payment Advice Website
UK ministers have withdrawn their support for a campaign group which encourages companies to improve their payment practices.
For more on these stories please click here.
Further Information
AIA News Desk
Association of International Accountants
Staithes 3,
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NEWCASTLE UPON TYNE,
NE11 9SN,
United Kingdom. Registered in London 264086.
T: +44(0)191 493 0277
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