Big Four dominate FTSE 250 audit market in Q1 rankings

Big Four dominate FTSE 250 audit market in Q1 rankings

Reported by HPMM Group according to ACCOUNTANCY AGE ;    Auditor rankings reveal that 241 of FTSE 250 companies are audited by Big Four firms PwC has taken the lead as the firm with most FTSE 250 audit clients, jumping from third position, according to the Q1 auditor rankings from Adviser Rankings. By adding six new clients […]

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Weakening Dollar Sends Warning on US Economy

Weakening Dollar Sends Warning on US Economy

Some but probably less than half of the dollar’s weakness can be explained by higher than expected inflation in the US Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The US currency slipped from its six-week high that it touched on March 1, after US President Donald Trump announced plans to levy hefty tariffs […]

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World Shares Mixed

World Shares Mixed

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    World shares were mixed on Monday as investors evaluated China’s annual economic growth forecast and pledges for further reforms. Italian shares slumped after uncertain election results paved the way for political deadlock. France’s CAC 40 was up 0.4% at 5,159.70, Germany’s DAX rose 0.3% to 11,954.18 […]

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Experts Explore Sources of Economic Predicaments

Experts Explore Sources of Economic Predicaments

Public resources change into economic opportunities for a select few through their inefficient allocation by the decision-making body Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Iranian economist Hossein Raghfar said the decision-making establishment in the country is at the heart of all the problems Iranians faced in the current fiscal year (March 2017-18). […]

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Iran’s Growth Promise Index Improves

Iran’s Growth Promise Index Improves

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Iran has registered one of the notable changes on the index of Growth Promise Indicators in 2018 by jumping six spots compared to last year’s survey to score 4.13 out of 10 and rank 98 out of180 countries. This was announced by KPMG, a Holland-based global […]

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MRC Backs Banking Reforms With a Caveat

MRC Backs Banking Reforms With a Caveat

The Majlis Research Center has approved the general outlines of the government’s proposed bill to reform the banking system, but calls for fortifying other proposals with the one put forth by parliamentarians to be fully acceptable Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The research arm of Iran’s Parliament has recommended that the […]

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Seif: Banking Relations a Far Cry From Before JCPOA

Seif: Banking Relations a Far Cry From Before JCPOA

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The governor of the Central Bank of Iran said on Monday Iran’s banking relationship with the outside world is incomparable with what it was before the nuclear deal was reached between Iran and word powers, which is formally known as the Joint Comprehensive Plan of Action. […]

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China Interested in Iran-Armenia Rail Project

China Interested in Iran-Armenia Rail Project

China’s Ministry of Commerce would discuss the inclusion of this project in the “One Belt, One Road” program Reported by HPMM Group according to FINANCIAL TRIBUNE ;    China is interested in the project designed to build a rail link between Armenia and Iran. This was announced by Jian Aiming, the head of the Department for […]

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Iran Currency Market Gearing Toward Euro

Iran Currency Market Gearing Toward Euro

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The ban imposed by the Industries Ministry on import orders based on US currency seems to be a win for the European currency. Announced last week, the ban blocks imports priced in the US dollar for Iranian traders and is in line with the recent policy […]

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Deloitte to pay $149.5m over Taylor, Bean & Whitaker audit failure

Deloitte to pay $149.5m over Taylor, Bean & Whitaker audit failure

The Justice Department said Deloitte failed to detect a multi-million-dollar fraud scheme that spanned six years Reported by HPMM Group according to AccountancyAge ;    The US Department of Justice has agreed to a settlement of $149.5m (£۱۰۸٫۴m) with Deloitte over its audits of the now defunct mortgage lending firm Taylor, Bean & Whitaker (TBW). Deloitte […]

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