Accountancy Europe publishes a new position paper regarding the role of professional accountants in tax
Further to the position paper issued in 2015 on the role of professional accountants in tax, Accountancy Europe published, on July 20, 2017, a new document on this subject, structured as a Q&A paper focused...

IFAC and CIPFA launch a new international Public Sector Financial Accountability Index
During the Annual Conference of the Chartered Institute of Public Finance and Accountancy (CIPFA), which took place in Manchester, UK, on July 12-13, 2017, the International Federation of Accountants (IFAC) and CIPFA announced the launch...


Law 162/2017 amending GO 65/1994 was published in the Official Journal
Law no 162/2017 on the statutory audit of annual financial statements and annual consolidated financial statements and on amending other pronouncements, which amends and supplements GO no 65/1994 on the organization of the accounting expertise...

Practice management: small accounting practices have advantage in staff retention
One of the latest Global Knowledge, Resources and News articles from the IFAC Gateway, talks about keeping the best talent in practices and what makes the accounting profession attractive for the new generations, the so-called...


Improving Public Sector Management and performance: the case for accrual accounting
In a recent article of International Accounting Bulletin, Svetlana Klimenko - lead financial management specialist at World Bank and Daniel Nogueira-Budny - World Bank specialist on governance and public sector reform, look at the current state...

IFAC’S RECOMMENDATIONS FOR G20 COUNTRIES
According to IFAC—the International Federation of Accountants—global economic stability and transparency and the rebuilding of public trust, will be greatly enhanced by a determined G20 push for stronger governance across all sectors. In advance of...


Model Simplified SME Prospectus
In May 2016, Accountacy Europe published a paper on Simplified prospectus for SMEs, prepared in cooperation with two groupings of accountancy firms: the European Contact Group (ECG) and the European Group of International Accounting Networks...

Accountancy Europe Cogito paper: Standard setting in the 21st century
A  new paper was released as part of the Cogito series, a selection of publications issued by Accountancy Europe set up to provide new ideas and insight for the European accountancy profession, aiming at enhancing...


Negative Feedback on Proposed Changes to IFRS 9
(Article on the online magazine CFO Innovation Asia) IFRS 9: Financial Instruments will become effective in March 2018 and in order to prepare the adoption of this standard and respond to various questions raised by interest...

The common system of value added on the deductibility of VAT related to acquisitions made by “inactive” tax payers
The Court of Justice case law, Case C‑101/16, concerning the Directive 2006/112/CE of the Council of 28 November 2006 on the common system of value added on the deductibility of VAT related to acquisitions made by...