GERMANY: EY’s audits of collapsed payments group Wirecard were “at the very least” negligent and in some cases grossly negligent, according to people with direct knowledge of the details of an investigation by the German audit watchdog.
News Articles
Taylor Swift joins world’s richest on billionaire list
London, United Kingdom: Taylor Swift has joined Elon Musk as ranking among the world’s wealthiest people, according to a new rich list.
Deloitte rows back on City office cuts with more floors at its London Athene Place base
London, United Kingdom: Deloitte is backtracking on its previous cuts after it has taken on extra space in its City of London office, highlighting a boost of its office use.
Accountants’ professional judgement critical to success in the age of AI
Research from ACCA highlights that successful AI adoption will need better understanding from human end-users
Malaysia 2021 fiscal outlook revised downward on pandemic risks
Against the backdrop of reduced revenue collection and increased stimulus spending from the Government stemming from the imposition of lockdowns for a far longer period than previously anticipated, Fitch Solutions Country Risk & Industry Research has lowered Malaysia’s 2021 fiscal deficit forecast to 7.4% of gross domestic product (GDP) from 6.4%.
Deliveroo kicks off UK’s largest IPO so far this year
Food-delivery startup Deliveroo Holdings Plc started taking investor orders in a share sale of as much as £1.77bil (US$2.45bil or RM10bil), marking the largest initial public offering in the UK since September.
Curbing runaway property prices
New Zealand’s government took aim at property speculators with a suite of new measures to tackle runaway house prices and prevent the formation of a “dangerous” bubble.
US investors face tax worries
Investors are turning their attention to prospects that higher taxes could threaten the rally in US stocks as President Joe Biden’s administration moves forward with its agenda and seeks ways to pay for its spending plans.
Aid offer for 80 countries
China is providing and will offer vaccine assistance to 80 countries and three international organisations, the first large-scale assistance of its kind, the country’s International Development Cooperation Agency said.
Jobs in demand
There are some jobs that will always be in demand even in a slowdown. The Covid-19 pandemic has also shown those who are willing to embrace diverse skills will remain relevant.
