New ACCA global survey finds accounting and finance profession viewed as broadly inclusive, but with more progress needed More than 10,000 ACCA members world-wide contributed to new research on the state of diversity and inclusion in the accounting and finance profession
News provided by
Share this article
NEW YORK and LONDON, Jan. 20, 2021 /PRNewswire/ Today,
ACCA (the Association of Chartered Certified Accountants) released a new report examining the state of diversity and inclusion in the global accounting and finance profession
. Through research questions and roundtable discussions, ACCA has gauged opinions from 10,000 ACCA members, affiliates and future members on a wide range of issues relating to diversity and inclusion, starting with the question Are we truly a profession that is open to all?
DUBAI: Following in the footsteps of retail and engineering, the Saudi government recently added accountancy to the list of professions set to be Saudized. While analysts welcomed the decision and its long-term benefits, many believe that, in the short-term, there may be a shortage of available candidates to fill the roles and measures need to be put in place to upskill Saudi accountants in line with international standards.
The decision to nationalize 30 percent of accounting jobs will impact all local private entities in the Kingdom with at least five accounting professionals. It will come into effect from the first of Dhu Al-Qi’dah, 1442 AH (June 12, 2021), according to a decision announced by Saudi Arabia’s Minister of Human Resources and Social Development Ahmed Al-Rajhi.
Tax authorities must engage with businesses
DUBAI, January 18, 2021 Tax authorities in the GCC should engage with businesses and their supply chains before and after launching VAT, says a new report. ACCA (the Association of Chartered Certified Accountants) and law firm Al Tamimi & Company have joined forces to launch the new report - Value Added Tax – Middle East lessons learnt – which examines how the GCC countries adopted an indirect tax legal framework to replace decades of a tax-free environment. It also provides insight into the early transition period, highlighting the learning curve businesses, big and small, had to undertake to be VAT ready and compliant.
Tax: the UK government is looking at using SMEs’ and self-employed individuals’ real-time financial transaction data to calculate and collect tax | Credit: Steve Buissinne/Pixabay
The UK government is exploring how technology can streamline tax administration. But HMRC must not add more burden to a community that is already being battered by COVID-19 and Brexit. Ian Hall reports
In December last year, HM Revenue & Customs (HMRC) issued a request for information (RFI) to investigate how it can use SMEs’ and sole traders’ real-time financial transaction data, obtained through open banking and therefore with their permission, to calculate and collect tax.