Wednesday, October 10, 2007

Current Issue about the Accounting field

All results were released. Not really satisfied as i know i can do much better if i took it seriously and if i don't do last minutes studies! But what is over is over. Not gonna mention about it anymore!

Well today's tax class was kinda fun cause we were looking at tax administration and all penalties that exists in Malaysia. After this, i came across an article about the same thing. It is a case. And i would like to share it here especially for people who love taxation papers. Something that may sounds dull to some of you as these are all current issues and cases!


FINANCIAL ADVISER COMMITS TAX FRAUD

Self employed financial adviser, Sheshi Trivedi was pleaded guilty to defrauding REVENUE and CUSTOMS of nearly 20,000 pounds in taxes over 6years.
He evaded income tax of 13,784 pounds and 5,806 pounds in national insurance.
He was given a 12months suspended sentence at Isleworth Crown Court.


Another issue to share is:

The 5 most expensive AUDIT in the world

Barclays: by PwC(PricewaterhouseCoopers)@ 28million pounds

Royal Dutch Shell: by PwC(PricewaterhouseCoopers)@ 25.7million pounds

BP: by E&Y(Earnst and Youngst)@ 22.8million pounds

HSBC Holdings: by KPMG@ 21.3million pounds

Unilever: by PwC(PricewaterhouseCoopers)@ 17.6million pounds

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