Accounting news round-up

www.NetProphet.co.nz

Friday 30th October 2009

Specialist accountancy website Netprophet.co.nz reports this week that officials have poured cold water on the government’s tax goal. Also it has a report which suggests that tax polices are just as much to blame for the global financial crisis as regulation.

Here is a selection of the stories from Netprophet this week.

New Regulatory Act opportunity to be world leader
New Zealand has the opportunity to be a world leader in the development of effective laws and regulation Institute of Chartered Accountants chief executive Terry McLaughlin says.» Read more

Tax policies fingered for global financial crisis
Tax policies are the latest culprit to be fingered for the recent global financial crisis, according to a new report from the Association of Chartered Certified Accountants (ACCA). » Read more

Two tier tax tenet touted
Officials have poured cold water on the government's '30:30:30' tax goal - and have suggested some form of 'two tier' tax regime instead. » Read more

The qualifying standards tightrope
Chartered accountants will need to hold specialist standards on investment or insurance advice to qualify as authorised financial advisers under the proposed competency standards for financial advice. » Read more

Workflow and why it isn’t managed in the majority of accounting firms
It's my firm belief that work is managed poorly in the majority of accounting practices. Just ask yourself the following questions: » Read more

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