Link: Softworld special area
In June 2003 a little over a third of finance teams (35%) were compliant with standards, with this worsening to just 28% by the end of last year.
The main problems faced on a daily basis include cashflow management, regulatory compliance, providing timely information, lack of accurate information, budgeting & forecasting and lack of integration between departments.
‘Interestingly many accounting and finance professionals are still in the same position they were six months ago’ said Liz Wood, portfolio director for Softworld Accountng & Finance.
‘With the deadlines for regulatory compliance looming, it is imperative for professionals to keep up to speed with the latest developments as well as educating themselves on the technologies and processes available to help them achieve this.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements