EU commission accused of ‘cheating’ on net-zero emissions accounting | Greenhouse gas emissions

The EU executive has been accused of “cheating” on its 2030 climate plans by proposing to include carbon sinks provided by trees and soils in its emissions reduction goal.

The European commission will this week call for an EU emissions reduction target of “at least 55%” by 2030 compared to 1990 levels, according to a leaked draft seen by the Guardian. The proposal sets the stage for an intense political battle over the autumn to agree the target, intended to set the EU on track to meet a landmark pledge of net-zero emissions by the middle of the century.

But critics say Brussels is guilty of an “accounting trick” that makes the proposed 2030 target look higher than it really is. The row turns on the concept of “removals”, a reference to sinks that absorb more carbon than they emit, such as forests and soils.

The leaked draft regulation states

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Accounting & Finance Show Asia 2020 Goes Virtual

The technology event of the year for SMEs and accounting firms in Asia goes virtual

SINGAPORE, Sept 11, 2020 – (ACN Newswire) – The Accounting & Finance Show Asia 2020 will run virtually this year at the end of a year of unprecedented disruption. While digital technology has been revolutionising accounting, financial and HR management for many years across Asia, the need for businesses of all sizes to adopt technology and digitise has never been more urgent.

The show, returning for its third year, will look different. It will continue to bring together the latest technology and solutions, the experts, the SMEs, the enterprises, and the accountancy practices. The difference? This year the show will run as a 100% online virtual event to ensure that the accounting and finance community can continue to come together, network, learn from one another and identify solutions to help their business now and for

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Wolters Kluwer buys XCM Solutions

Wolters Kluwer Tax & Accounting has inked a deal to buy XCM Solutions, a cloud-based workflow solutions provider for professional tax and accounting firms. The acquisition offers integration opportunities with CCH Axcess, Wolters Kluwer’s cloud-based software suite for professional firms.

The transaction is expected to close in the next few weeks, once the usual closing conditions have been met. Specific terms of the deal were not disclosed, but the companies said the deal values XCM at $161.4 million.

XCM recorded revenues of approximately $22.5 million in calendar year 2019, with roughly three-quarters of that coming from cloud-based software. The company also provides outsourcing and technology-enabled services to support clients during the tax season. Headquartered in Quincy, Massachusetts, it has approximately 440 employees located in the U.S. and India.

Wolters Kluwer expects the acquisition to achieve a return on invested capital above after-tax weighted average cost of capital (8 percent) within

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500.com Limited Announces Appointment of MaloneBailey as its Independent Registered Public Accounting Firm and Non-reliance of

   500.com Limited Announces Appointment of MaloneBailey as its Independent
   Registered Public Accounting Firm and Non-reliance of Previously Issued
                             Financial Statements

PR Newswire

SHENZHEN, China, September 28, 2020

SHENZHEN, China, September 28, 2020 /PRNewswire/ -- 500.com Limited (NYSE:
WBAI) ("500.com" or the "Company"), an online sports lottery service provider
in China, today announced that (i) Friedman LLP ("Friedman") has resigned as
its auditor on September 23, 2020; and (ii) the  Company appointed
MaloneBailey, LLP ("MaloneBailey") on September 27, 2020 to conduct an audit
of the Company's consolidated financial statements and effectiveness of its
internal controls over financial reporting for the fiscal year ended December
31, 2019, and to re-audit the Company's consolidated financial statements and
effectiveness of its internal control over financial reporting for each of the
fiscal years ended December 31, 2017 and 2018. Pursuant to the Company's
articles of association, the decision to appoint a new auditor was unanimously
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Cuyahoga County Board of Elections members don’t demand full accounting of erroneous email sent by managers last week, focus instead on poll worker recruitment

CLEVELAND, Ohio — Cuyahoga County Board of Elections members on Monday did not ask for a full accounting of why managers sent two emails last week that may have left thousands of prospective poll workers confused about whether they were needed Nov. 3.



Board members of the Cuyahoga County Board of Elections during a Monday meeting did not ask for a full accounting of poll worker email issues that occurred last week and instead focused on poll worker recruitment.


© Joshua Gunter cleveland.com/Joshua Gunter, cleveland.com/cleveland.com/TNS
Board members of the Cuyahoga County Board of Elections during a Monday meeting did not ask for a full accounting of poll worker email issues that occurred last week and instead focused on poll worker recruitment.

Board members instead focused a portion of their Monday meeting on poll worker recruitment and whether they were on track to hire enough people to adequately staff the polls on election day.

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The embarrassing problem with emails arose last week as part of the board’s efforts to recruit people to fill 1,000 or more poll worker jobs in advance of the Nov. 3

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QuickFile accounting



graphical user interface, website: QuickFile


© Provided by TechRadar
QuickFile

QuickFile is a cloud-based accounting package aimed primarily at small to medium sized businesses in the UK and is fully Making Tax Digital compliant. It comes in an array of five different styles to suit different requirements all of which are useful during the ongoing coronavirus crisis. 

While there are two paid-for editions that offer better features and functionality, small business owners may well find that the leaner free variations on the theme might also do the trick. 

All packages come with a decent collection of accounting tools, although the budget models also feature advertising as the trade-off. More advanced features allow you to speed up your workflow via automation, while QuickFile has a customizable interface that enables the generation of professional invoices. 

Other products that compete with QuickFile include FreshBooks, QuickBooks, Sage Business Cloud Accounting, Kashoo, Zoho Books, ABC Self Assessment, Xero and Kashflow

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Global Accounting Software Market Share, Industry Size, Leading Companies Outlook, Upcoming Challenges and Opportunities till 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (The Expresswire) —
The global “Accounting Software Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled “Accounting Software Market Size, Share and Industry Analysis By Component (Software, Services), Enterprise Size (Large Enterprises, Small And Medium Enterprises), Type (Spreadsheets, ERP, Custom Accounting Software, Tax Management), End-Use Industry (BFSI, IT And Telecommunication, Others) and Regional Forecast 2019-2026”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.

The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also the research report separates the industry based on the Accounting Software Market share, types, applications, growth factor, key players and regions.

Report

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CFGI Partners With FAS to Expand Accounting Advisory Services in Europe

BOSTON, Sept. 23, 2020 /PRNewswire/ — CFGI, a global leader in accounting advisory services, announced that it is expanding its footprint through a partnership with FAS, an independent consulting and solution provider with offices throughout Europe.

The partnership allows CFGI to leverage extensive resources for international projects. CFGI clients with global operations will benefit from the support of European accounting professionals with local expertise.

Shane Caiazzo, CFGI Co-CEO and Co-Founder, said,

“CFGI serves 1000s of clients with a global footprint, and we’re constantly looking for ways to enhance our value proposition. Through our partnership with FAS, we will better serve our international clients, providing access to this local and impressive group of professionals throughout Europe.”

Ingo Weber, FAS CEO and Founder, said,

“We are very pleased to have found in CFGI a congenial partner for our clients in the U.S. As a result, we can

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COVID-19 spurs move to digitize


The Philippines remains under various levels of community quarantine due to the COVID-19 pandemic. Government and private offices are temporarily closed or maintain limited operations with alternative work schemes such work-from-home. These measures have naturally affected business operations and processes. There has also been a noted increase in the use of online selling platforms as companies and entrepreneurs try to continue or augment operations during the quarantine.

The Philippines remains under various levels of community quarantine due to the COVID-19 pandemic. Government and private offices are temporarily closed or maintain limited operations with alternative work schemes such work-from-home. These measures have naturally affected business operations and processes. There has also been a noted increase in the use of online selling platforms as companies and entrepreneurs try to continue or augment operations during the quarantine.

The transition to digital platforms has not been without compliance challenges. Businesses have experienced difficulties

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Citi names new accounting chief; commercial mortgage collateral dwindles

Receiving Wide Coverage …

Changing of the guard

Commerzbank named Manfred Knof, “head of rival Deutsche Bank’s private bank in Germany, as its new chief executive, putting a banking- and insurance-industry veteran in charge of likely deeper cost cuts at the German lender,” the Wall Street Journal reported. “Mr. Knof, who will take over in January, will succeed current CEO Martin Zielke, who resigned along with Commerzbank’s chairman in July after acknowledging he had failed to sufficiently turn around the bank.”

Knof’s nomination as Commerzbank’s CEO “paves the way for an overhaul that could close hundreds of branches and shrink its foreign operations, though any major changes may still take months to formalize,” Reuters said.

“Leadership will need to digitize and standardize processes to cut costs. Thousands of the bank’s nearly 48,000 jobs are on the line. The lender is considering slashing its network of 800 branches, following the recent

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