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Latest Articles
Statement on Proposed Amendments to the Cross-Trading Rules
5+ hour, 52+ min ago (523+ words) Commissioner Mark T. Uyeda Official websites use.gov Secure.gov websites use HTTPS More in this Section Statement on Proposed Amendments to the Cross-Trading Rules Liquidity is essential to well-functioning capital markets. When market participants can buy and sell securities quickly…...
SEC Proposes Expanding Securities Eligible for Cross Trading by Registered Funds
7+ hour, 52+ min ago (360+ words) The Securities and Exchange Commission today proposed amendments to the Investment Company Act “cross-trading rule,” which permits transactions in securities between a registered fund and its affiliates under certain conditions. The proposed amendments… Official websites use.gov Secure.gov websites…...
EY global revenue increased to $57B
4+ hour, 41+ min ago (352+ words) Ernst & Young announced its global revenues increased 4.7% to $57 billion in the fiscal year ending June 2026, with each of EY's service lines and geographic areas posting revenue increases over the past year. The Big Four firm saw a 49% growth in sales…...
How offshoring can alleviate the CPA middle manager crisis
4+ hour, 1+ min ago (477+ words) Almost every firm partner I speak with tells me how hard it is to find middle managers, let alone retain them. In fact, the Tri-Merit/Brainstorm Group annual CPA Career Satisfaction Survey consistently shows middle managers are the least satisfied…...
Little relief expected for gas prices ahead of Election Day, according to prediction markets
1+ day, 6+ hour ago (309+ words) Affordability is seen as one of voters' top issues heading into the 2026 midterm elections. And gas prices — one of the items where consumers are getting squeezed the most — are expected to remain elevated through Election Day. Speculators on prediction market…...
GST Average Rate Falls To 10.84% After September Rate Rationalisation
1+ day, 6+ hour ago (238+ words) The average Goods and Services Tax (GST) rate has fallen to 10.84 per cent following the rationalisation of GST rates in September last year, sources said. The average rate stood at 11.4 per cent in 2023. The latest decline comes after the GST…...
Audit committees need an AI evidence pack, not just more AI expertise
1+ day, 3+ hour ago (906+ words) Artificial intelligence is moving onto audit committee agendas faster than many committees are becoming comfortable overseeing it. Those findings may prompt boards to add more technology expertise. That can help, but expertise alone will not solve the oversight problem. An…...
Deloitte fined £6M by FRC over go-ahead group auditing
1+ day, 3+ hour ago (306+ words) Deloitte LLP was hit with a more than £6 million ($7.9 million) fine by a U.K. regulator over audits of the Go-Ahead Group Ltd. The Financial Reporting Council said on Thursday that Deloitte "failed to enquire sufficiently, failed to apply sufficient…...
GST Council Makes Closing A Business Automated: What Small Taxpayers Need To Know
1+ day, 8+ hour ago (755+ words) The 57th meeting of the GST Council has proposed a series of measures aimed at improving ease of doing business, including making the closure of GST registrations automatic in stages, beginning with smaller taxpayers. Under the proposed changes, the final return…...
GST Council’s Big Business Push: Faster Registration, Automated Refunds And Less Paperwork
1+ day, 9+ hour ago (781+ words) The 57th meeting of the GST Council has proposed a series of process reforms aimed at making registration, returns and refunds easier and faster for businesses. Under the proposed changes, GST registration is already being granted within three working days through…...