Accounting and Audit

The Right to Information Act No. 12 of 2016 of Sri Lanka

The fight for responsible accountability, good governance which is against corruption can only be strengthened if the information held by responsible authorities is more readily available. The result of relaxing the obstructing tight mechanisms that prevent the access of information would create a more transparent system of administration. It is remarkable and broadly accepted by… Read More

The Automatic Exchange of Financial Information in Bulgarian Context - the Reach

I. Introduction In 2015 Bulgaria introduced in its Tax and Social Security Procedure Code (“TSSPC”) a system implementing the regionally and globally harmonized rules on automatic exchange of financial information in the field of taxation. The participating jurisdictions are the European Union member states under Directive 2014/107/EC amending Directive 2011/16/EU as regards mandatory automatic exchange… Read More

Quantum awards in international arbitration – how can arbitrators and experts get it right?”

Forensic accountants sometimes describe their skill and raison d’être as being to simplify complex accounting concepts for dispute resolution lawyers.  Yet, at the recent ICCA commercial and investment arbitration conference, some of the world’s leading arbitrators said that they really found quantum experts’ reports very difficult to understand. Furthermore, it has been stated that the… Read More

Brexit – What Does It Mean For You?

As we are all aware, the UK electorate has voted in the recent Referendum to leave the European Union (EU). What does this mean? What implications will it have for you, your investors and your business? It is early days in the process but we set out below what is currently happening, the processes involved… Read More

Recent Changes to Australian Foreign Investment Laws

Following the Foreign Investment Review Board’s (FIRB) updated foreign investment policy (effective 1 December 2015), which coincided with the introduction of mandatory fees for foreign investors, the Treasurer of the Commonwealth of Australia announced on 22 February 2016 new conditions for all foreign investment applications in Australia to ensure that companies, and their ‘associates’ (as… Read More

Older Entries »