Asian Open: Wall Street Rallies with Risk-On Vibe
Matt Simpson April 18, 2021 10:41 PM
Strong data from the US and China last week helped push global indices to new highs, whilst treasury yields fell at their fastest pace this year. Share:
Australia s ASX 200 closed on Friday at 7,063.50
Japan s Nikkei 225 futures are up 70 points (0.24%), the cash market is currently estimated to open at 29,753.37
Hong Kong s Hang Seng futures are up 57 points (0.2%), the cash market is currently estimated to open at 29,026.71
Europe:
Germany s DAX futures are up 240 points (1.57%)
Friday US Close:
The S&P 500 index rose 15.05 points (0.37%) to close at 4,185.47
The Nasdaq 100 index rose 15.713 points (0.11%) to close at 14,041.91
Individual CAs/firms cannot retain two consecutive audit rotation cycles
April 18, 2021
Can’t use trade name to bypass company law norms: CA body
A proprietary CA firm or an individual chartered accountant will no longer find it easy to retain the audit mandate in a company beyond the stipulated five consecutive years as allowed under the company law.
They cannot use their trade name to bypass the norm and bag the audit mandate for the second consecutive term (of five years) in a company, the CA Institute has clarified.
The CA Institute has made it clear that a proprietary firm (having a firm registration number) or an individual CA (practising either in his own or trade name) can be appointed auditor of a company only for one term (of five consecutive years). An individual, as a proprietor, cannot use his name, say ABC, as well as his trade name (ABC&Co), to retain the audit mandate for two consecutive audit rotation cycles of five years each.
By Justin Hendry on Apr 16, 2021 7:00AM
Front of mind for ANAO.
Australia’s national auditor is considering an audit into the development of the federal government’s GovPass digital identity system as the now $450 million-plus project enters its sixth year.
The Australian National Audit Office has also singled out the government’s COVIDSafe contact tracing app for review, including whether its design and use is both economical and effective.
In its draft annual work program for 2021-22, released on Thursday, the auditor proposed 16 reviews aimed at government IT, cyber security, privacy and data over the next 12 months.
One of the potential areas for review is the GovPass digital identify system, which the ANAO has hand-picked following the government’s $256.6 million investment in last year’s budget.
Sarpy County Board votes to remove treasurer Brian Zuger from office
Amid allegations of financial mismanagement, commissioners oust sitting treasurer and appoint interim to position Share Updated: 7:52 PM CDT Apr 13, 2021
Sarpy County Board votes to remove treasurer Brian Zuger from office
Amid allegations of financial mismanagement, commissioners oust sitting treasurer and appoint interim to position Share Updated: 7:52 PM CDT Apr 13, 2021
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Show Transcript MORE BREAKING NEWS FROM SARPY COUNTY THE BOARD UNANIMOUSLY VOTES TO REMOVE BRIAN ZUGER AS COUNTY TREASURER. ALEXANDRA: ZUGER AND HIS OFFICE CAME UNDER FIRE WHEN A STATE AUDIT SHOWED THEY MISMANAGED MORE THAN $12 MILLION OF PUBLIC FUNDS. DAVID: KETV NEWSWATCH 7’S JOSE ZOZAYA IS LIVE OUTSIDE THE COUNTY ADMINISTRATION BUILDING WITH REACTION. JOSE? JOSE: DAVID, ALEXANDRA, WE SAT THROUGH HOURS OF TESTIMONY. THE BOARD, EVEN TAKING A COUPLE OF HOURS TO DELIBERATE ON THE BOAT, THE