A Quarterly Newsletter from the UAE and Oman member firms of the PKF International Ltd.

VOL 16, Issue 4 October 2014

PKF International

On 1 July 2014, the Japanese member firm, Osaka Audit Corporation, merged with Pegasus Audit Corporation of Osaka and Shinbashi Audit Corporation of Tokyo to create Hibiki Audit Corporation, the eleventh largest audit firm in Japan, with offices in Osaka and Tokyo.

More information on the combined firm can be had from Miho Ishihara (ishihara-miho@pkf-hibiki-audit.com) or Rob Porter (robert.porter@pkf.com) in the Asia Pacific Regional Office.

VGA Chartered Accountants, which grew from a merger of 5 partners over a number of years, culminating in the practice in its existing form, has joined the existing PKF member firms in South Africa. VGA offices in Johannesburg and Knysna complement the existing PKF member firms in Durban, Port Elizabeth and Welkom.

The PKF Worldwide Tax Guide 2014 (WWTG), an annual publication that provides an overview of the taxation and business regulation regimes of the world’s most significant trading countries, is now available also in PDF format. In compiling this publication, member firms of the PKF network have based their summaries on information current on 1 January 2014, while also noting imminent changes where necessary.

While the WWTG should not to be regarded as offering a complete explanation of the taxation issues in each country, readers could use the publication as their first point of reference and then use the services of their local PKF member firm to provide specific infor mation and advice.

PKF Staff Training

The PKF Staff Training was held across three days in September 2014 at Dubai. The training covered aspects relating to International Financial Reporting Standards, International Standards on Auditing, International Standards on Quality Control, IESBA’s Code of Ethics for professional Accountants, and Anti Money Laundering.

Seen above is our Managing Partner Mr. Graham Martins addressing the staff and a cross section of the attendees to the training.