LSBF Blog - Global Matters
Audit quality has improved according to the second year of a survey of the Audit committee (AC) chairs of FTSE 350 firms.
However, the latest study, jointly overseen for the first time by the Financial Reporting Council (FRC), found that the vote of confidence was tempered by concerns about professional scepticism.
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New openings in the finance and accounting sector have increased by 16% year on year in the UK, according to new figures.
The good news for the industry comes as part of new research that shows overall professional vacancies have risen by 6%.Read more >>
Attracting the right employees and having a welcoming atmosphere at work can spell the difference between success and failure for your SME.
To improve your business, you need create the right work environment and find the best team to help develop your firm into a success. If you can keep employees loyal, happy, and develop their skills, they’re more likely to want to stay with you for most of their career. This is especially important if you find an exceptional candidate.Read more >>
Individual drivers and small businesses have been falling foul of the paperless tax disc system introduced by the DVLA, with a reported 60% jump in clampings, leaving some more than £800 out of pocket.
The DVLA have clamped or towed almost 100,000 cars in the past year, a 58% rise on the previous year.Read more >>
With the UK Autumn Statement expected to change the rules surrounding personal services companies (PSC), questions have arisen concerning how some contractors use them to cut tax bills.
Currently it is a perfectly legal way of using a limited company to lower tax liability, but the way the system works has now come under scrutiny.Read more >>
The tenth annual evaluation comparing tax systems around the world has been issued by Big 4 firm PwC, in conjunction with the World Bank.
The 'Paying Taxes 2016' study is part of the larger 13th edition of the 'Doing Business 2016 - Measuring Regulatory Quality and Efficiency' report, and it looks at 189 different countries to see how each of their systems can affect companies.Read more >>
The Director of London’s Natural History Museum, Sir Michael Dixon, has spoken out about the importance of the impact technology can have on visitor experience.
Speaking in the museum’s Darwin Centre as a part of London School of Business and Finance’s (LSBF) Great Minds series, Sir Michael explained that technology is important for both visitor interaction and the scientific happenings behind the scenes.Read more >>
Northern Ireland will see a cut in the rate of corporation tax (CT) to 12.5% in 2018, down from the current rate of 20% in the UK.
The new rate is being introduced a year later than was originally planned after a stalemate between the British government and Northern Ireland executive.Read more >>
The global ranking of effective business tax systems has seen the UK climb a position in the latest report published by PwC and the World Bank Group.
The new study shows that Britain is now 15th in the league table of the world's most effective tax systems, based on criteria which judges how easy it is to pay taxes.Read more >>
The construction sector plays an important role in the state of the overall UK economy, and a new report produced on behalf of the Recruitment & Employment Confederation and Big 4 firm KPMG has found robust but slower growth in demand for permanent and temporary staff during October.
Markit’s Report on Jobs lists different indexes that have been adjusted for seasonal factors and calculated from the percentages of respondents reporting variation in recruitment and employee earnings.Read more >>
The state of the gender pay gap and questions of how to deal with it have been in the headlines recently. Now new data from the Office of National Statistics (ONS) shows slight improvement, but little overall change over a four-year period.
Big 4 firm PwC has joined the discussion by commenting on the core issues.Read more >>
When you’ve studied hard to complete a postgraduate – or even undergraduate - qualification, it’s easy to think you’re set for the future. You’ve developed advanced skills that will really help you stand out and show employers that you have what it takes to succeed. Surely that’s the hard bit over?
In fact, there are a few more hurdles you need to clear in order to you secure an industry role. Here are LSBF’s top five tips for landing your first job after graduation:Read more >>
The Financial Conduct Authority (FCA) has announced an investigation into whether consumers are being well served by companies investing savings and administering pensions.
The UK's financial regulator wishes to ensure that consumers are getting good value for money from asset managers, as well as professional individuals, who provide financial advice.Read more >>
Accountancy firm Moore Stephens has noted how the wage bill for HMRC's Affluent Unit inspectors rose 68%, from £7.8m to £13.1m, across the time period 2012/13 to 2014/15.
Over the same period, the specialist unit's headcount increased by 54%, from 213 to 327, as part of increased efforts by the authority to tackle tax avoidance crackdown.Read more >>
Representatives from EU member states and the EU Commission making up the EU VAT Committee have agreed on a framework for rules on the value-added tax treatment of crowdfunding.
The term, which covers the process of raising funds for a specific project via an online open call for contributions, is run over specialist peer-to-peer sites that put entrepreneurs and contributors in touch with one another.Read more >>
Dr Steve Priddy, Director of Research at LSBF, offers his advice to those deciding which MBA best fits their career plans.
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The National Outsourcing Association (NOA) has criticised a recommendation from the National Audit Office and CIPFA in a submission to ministers.
According to the NOA, the government should take a “balanced approach” to Whitehall outsourcing reforms, which includes moves to open book accounting to ensure the continued provision of public services.Read more >>
A biannual survey that collates results of other surveys run by its member firms across 15 European countries has found a North/South split when it comes to how optimistic European CFOs are about the future.
Deloitte's latest European CFO Survey takes into account the views of 1,298 CFOs and reveals a distinct geographic line that divides those who have a positive outlook and those who think things are less likely to go well.
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Female business students are deterred from the idea of entering the insurance sector due to numerous industry myths, according to Deloitte.
The Big 4 business advisory firm's new 'Deloitte Talent in Insurance Survey 2015' revealed that women were underrepresented by 11.2% among business students inclined towards insurance this year.Read more >>
Executive pay has recently come under scrutiny from different angles, including shareholders, investors and regulators. This has led to some significant changes taking place amongst FTSE 250 companies.
The alignment between investor goals and the short-term interests of senior executives has been the focus of Deloitte's latest analysis of the FTSE 250.Read more >>
According to the International Energy Agency (IEA), the pressure on oil prices is likely to extend into next year due to a record glut on the global market.
The latest monthly report from the IEA said that stockpiles now stand at a record three billion barrels. The news affected the European stock markets on Friday, with the FTSE 100 dropping by almost 1%.Read more >>
The results of a new study by Big 4 firm Deloitte has highlighted the state of the supply-chain between the oil and gas industries.
The highly respected business-advisory group, under which tens of thousands of dedicated professionals in independent firms throughout the world work together to provide services, has called for action to make sure the UK economy reaps the full benefits of the country's natural resources.Read more >>
VTB Capital’s International Head of Infrastructure Capital and Project Finance, Masroor Haq, believes that education plays an important role when it comes to banking industry talent.
Speaking with London School of Business and Finance (LSBF) as part of its Great Minds interview series at VTB Capital’s London headquarters in Bank, Mr Haq said that education can provide aspiring bankers with the tools they need to succeed in the industry.
The Institute of Directors has supported wide-ranging plans announced by HM Revenue and Customs (HMRC) to restructure its operations.
HMRC aims to produce a better service for taxpayers and cut down on costs at the same time, winning the backing of the influential group.Read more >>
The Organisation for Economic Co-operation and Development (OECD) has recently released a report noting improved adherence with international standards from Seychelles in regards to sharing information with other tax authorities.
The OECD Global Forum on Transparency and Exchange of Information for Tax Purposes included the new overall rating of "Largely Compliant" in a report that looked at the jurisdiction alongside Cyprus and Luxembourg. The three had previously been rated non-compliant and were praised for making positive changes to their legal frameworks or practices.Read more >>