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Professional services firm, Deloitte has released its 2018 Global Blockchain Survey, involving 1,053 senior executives in Canada, China, France, Germany, Mexico, the UK and US. “While blockchain is not quite ready for primetime, it is getting closer to its breakout moment every day.
Accordion, a private equity-focused financial consulting and technology firm, has hired Tiberius Vadan as managing director. Vadan’s work background includes serving as a partner at KPMG and a senior director at Alvarez & Marsal. Vadan will be based in New York.
Mr Deutsch takes over from Cindy Hook who is stepping up to become Chief Executive of the newly created Deloitte Asia Pacific after almost four years of leading the Australian firm. “I’m humbled the Board members have placed their faith in me to take the Australian firm forward.
KPMG’s Life Insurance Insights Report 2018 finds that the industry continues to grow steadily, with gross policy revenue increasing by 6.6 percent to $24.7bn – equating to 1.4 percent of Australia’s GDP. The industry generated $14.8bn of benefit payments for policyholders and super fund members and $2.2bn in profits for shareholders in the 12 months to 31 March 2018.
The parliament on 13 December 2016 passed legislation providing for non-public country-by-country (CbC) reporting, and transposing an EU directive—EU Directive 2016/881 (25 May 2016) or “DAC 4”— into Luxembourg domestic law. CbC reporting applies to multinational enterprise (MNE) groups with total consolidated group revenue exceeding €750 million (or an equivalent amount in the local currency) during the prior fiscal year.
Steinhoff International [JSE:SNH] moved to appoint insolvency expert Paul Copley to its supervisory board as the troubled global retailer seeks to strengthen management and add expertise following an accounting scandal. A former partner at PwC, Copley worked as an administrator of Lehman Brothers, one of the highest-profile corporate collapses of the financial crisis of 2008.
The Financial Reporting Council has published its report on PwC’s audit of BHS accounts before the retailer was sold. The management at BHS made unreasonable and optimistic assumptions about the retailer’s future ahead of its doomed sale to a serial bankrupt, the accountancy watchdog has said.
London — PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token £1 in 2015, ahead of its collapse a year later, a regulator said on Wednesday.
Kavitha Prabhakar, a principal at Deloitte’s consulting business, has been appointed to lead the civil government practice of the professional services company. She will oversee the unit composed of more than 3,000 practitioners who support 22 federal agencies and succeeds Diane Murray, who has taken a new role as delivery excellence leader for Deloitte, the company said Tuesday.