PKF International (previously known as Pannell Kerr Forster) is a global network of accountancy firms. Member firms operate under the PKF brand in 440 cities and operate in 150 countries across 5 continents. PKF International is ranked the 15th largest global accounting network in 2016 according to a survey by International Accounting Bulletin..
In 2018 PKF was ranked as 11th largest global accounting firm in the United Kindgom according to https://www.icas.com/ca-today-news/the-top-30-accountancy-firms-in-2018-revealed
Early 2019, the International Accounting Bulletin placed PKF at 15th globally based on their world survey, conducted in February 2019.
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Pannell Kerr Forster was founded in 1969 when four accountancy firms from Australia, Canada, the United Kingdom and the United States joined together to create an international association. The four firms were:
In 1980, member firms decided to use Pannell Kerr Forster as their common brand name to create an international accountancy brand. In 2000, member firms decided to shorten their name to PKF. Member firms are now adopting this name in their home markets, or adding PKF as a prefix to the existing firm name.
As of January 2011, over 21,000 staff were employed by PKF International member firms.
Accounting networks and associations are professional services networks whose principal purpose is to provide members resources to assist the clients around the world and hence reduce the uncertainty by bringing together a greater number of resources to work on a problem. The networks and associations operate independently of the independent members. The largest accounting networks are known as the Big Four.Completed-contract method
The Completed-contract method is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction contracts, the percentage-of-completion method. With this method, revenue is recognized when the contract is fulfilled. The contract is considered complete when the costs remaining are insignificant.Forum of Firms
The Forum of Firms (FOF, Forum) is an association of international networks of accounting firms that perform transnational audits.The objective of the Forum is to promote consistent and high-quality standards of financial reporting and auditing practices worldwide. The Forum brings together firms that perform transnational audits and involves them more closely with the activities of the International Federation of Accountants (IFAC) in audit and other assurance-related areas. It was established in 2002. Theo Vermaak is the chair of the Forum The Transnational Auditors Committee (TAC) is a committee of IFAC and the executive arm of the Forum, and, therefore, provides the official linkage between the Forum and IFAC. The Transnational Auditors Committee is chaired by Wally Gregory.International Accounting Bulletin
International Accounting Bulletin is a monthly accountancy trade magazine that covers the global accounting business. It is also known under the acronym IAB.PKF
PKF may refer to:
Pakistan Korfball Federation
PKF, IATA code for Park Falls Municipal Airport, Park Falls, Wisconsin, US
Paul Karl Feyerabend (1924–1994), Austrian-American philosopher
Peace keeping force
Percy Keese Fitzhugh (1876–1950), American author
PKF International, a network of accounting firms
Panamerican Karate Federation, governing body of karate in the Americas
Philippine Karatedo Federation, governing body of karate in the Philippines
Polska Kronika Filmowa, Polish Film Chronicle, cinema newsreel
Porto Koufo, the deepest natural harbour in GreecePercentage-of-completion method
Percentage of completion (PoC) is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction contracts, the completed-contract method.Taxation in Argentina
Due to the absence of the tax code in Argentina, the tax regulation takes place in accordance with separate laws, which, in turn, are supplemented by provisions of normative acts adopted by the executive authorities. The powers of the executive authority include levying a tax on profits, property and added value throughout the national territory. In Argentina, the tax policy is implemented by the Federal Administration of Public Revenue, which is subordinate to the Ministry of Economy. The Federal Administration of Public Revenues (AFIP) is an independent service, which includes: the General Tax Administration, the General Customs Office and the General Directorate for Social Security.
AFIP establishes the relevant legal norms for the calculation, payment and administration of taxes:
taxes levied on operations carried out on the national territory of the country and in marine areas fully covered by the national tax policy;
taxes, which are imposed on import and export operations, regulated by tax laws and customs regulations;
corresponding deductions for social security.The tax year is the fiscal year which can be calendar year or another period covering 12 months.
The administration of taxes functions on self-assessment system and the ruling is covered only by a binding consultation system. There is no ruling system for taxes in Argentina.