Deloitte Financial News

Monthly GST collection crossed the Rs 1.60 lakh crore mark for the fourth time ever, riding a vigorous economy, continued economic momentum and strong anti-evasion measures. “Monthly GST collection remaining over Rs 1.6 lakh crore is a new normal,” finance minister Nirmala Sitharaman said on Saturday at an event marking six years of GST. She added that even the tax buoyancy of states had improved after the launch of the single tax, even without taking GST compensation into consideration.

India Inc is increasingly introducing measures to support its employees who decide to go for a gender reassignment surgery (GRS), in addition to the LGBTQ+ initiatives already in place such as gender-neutral washrooms, sensitising workforce, encouraging employee resource groups and holding special hiring campaigns, said industry executives.Companies such as HUL, Tata Steel, Accenture, Deloitte, KPMG, Zomato, Vedanta, Cummins India, Good Glamm

Deloitte Touche Tohmatsu India has appointed Manoj Kohli as Senior Advisor to the organisation. In his new role as Kohli will leverage his expertise in technology, telecommunications, renewables and digital sectors. His industry experience and strategic expertise is expected to help strengthen Deloitte’s presence in South Asia.

AMSTERDAM — Artificial intelligence has a racial bias problem.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

A Bloomberg report has revealed that many crypto firms still follow some wrong approaches to their operations. 

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Canton Network participants include 3Homes, ASX, BNP Paribas, Broadridge, Capgemini, Cboe Global Markets, Cumberland, Deloitte, Deutsche Börse Group, Digital Asset, The Digital Dollar Project, DRW, Eleox, EquiLend, FinClear, Gambyl, Goldman Sachs, IntellectEU, Liberty City Ventures, Microsoft, Moody’s, Paxos, Right Pedal LendOS, S&P Global, SBI Digital Asset Holdings, Umbrage, Versana, VERT Capital, Xpansiv, and Zinnia.The Network will provide a decentralized infrastructure that connects independent applications built with Daml, Digital Asset’s smart-contract language. Using the Network, financial institutions will be able to enjoy a reconciliation-free environment where assets, data, and cash can synchronize freely across applications.For example, asset registers and cash payment systems are distinct and siloed systems in today's markets.

A new blockchain network aimed at financial institutions is in the works from a conglomerate of participants in the finance and tech space, including the likes of Microsoft and Goldman Sachs.

Goldman Sachs, Moody’s, Deloitte and others will help launch a new blockchain network which promises to remove several key barriers to entry to the technology for institutions.

Deloitte is being investigated over its audit of fashion chain Joules, which collapsed into administration late last year.

Big Four accounting firm Deloitte has integrated blockchain technology to allow customers to store verification credentials in a single digital wallet to streamline the “typically inefficient” verification processes.

Despite the subject matter, moderator Soumak Chatterjee from Deloitte insisted that we were not going to get a “doomsday panel”. Charlene Cieslik from Bitcoin ATM operator Localcoin noted that the recent US bank failures put paid to a widely held perception that the digital asset space is uniquely unstable. However, the participants were under no illusion about the damage that the sector’s reputation has suffered in the last few months. And, while some in the US have been chaffing at regulatory intervention, there was broad acceptance on the panel that there needs to be cooperation with lawmakers. Mohamad Al-Bustami from the Office of the Superintendent of Financial Institutions was at pains to stress that his body is not ant-crypto and that he is a “believer” in the technology and that engaging with the industry is playing a key role in how regulation is being shaped. Cieslik and Evan Thomas from WealthSimple offered a clear example of how different firms have gone about entering the crypto space - with contrasting results. WealthSimple became the first Canadian company to offer clients staking while meeting securities laws, spending significant resources working with regulators to ensure that it would be compliant. In contrast, Cieslik said that her former employer, Coinsquare, blew four year lead on WealthSimple by not being so diligent and carrying out wash trading as well as whistleblower retaliation. Cieslik had some strong thoughts on FTX and what its failure says about the broader ecosystem. There were, she notes, a host of accounting firms, VCs and others that claim to have done due diligence on the company. “There was no adult in the room. What exactly was your due diligence other than FOMO?”

Big Four accounting firm Deloitte is ramping up its crypto expertise, actively seeking individuals with cryptocurrency knowledge to join its team. While other «Big Four» accounting firms like Ernst & Young, KPMG, and PricewaterhouseCoopers have no crypto-related job openings, Deloitte has over 300 in the United States alone, with almost all of them posted just a week ago on LinkedIn.

According to the latest updates on LinkedIn, Big Four accounting firm Deloitte — which primarily deals in audit, consulting, financial advisory, risk advisory, tax and legal services — is actively seeking individuals with expertise in cryptocurrency to join their team.

More than half of women believe their employer should offer paid menopause leave, according to a Deloitte study.

The incoming global chair of Deloitte is set to stand down from the board of the scandal-hit Confederation of British Industry.

Accounting firms are facing a significant staffing shortage.

The Confederation of British Industry has fired its director general Tony Danker following an investigation into harassment at the business lobby group.

The Confederation of British Industry has fired its director general Tony Danker following an investigation into harassment at the business lobby group.

Asset manager Fidelity International and Big Four accountancy firms EY, Deloitte and PwC have called allegations of sexual misconduct at the CBI “deeply concerning” as corporate members await the findings of an internal investigation.