Month: August 2019

Global Forum on tax transparency reveals new compliance ratings for nine jurisdictions

The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today nine peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR). These reports are part of the second round of Global Forum reviews, which assess jurisdictions against the updated standard, …

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Update on EU Convention for transfer pricing disputes and release of stats

The EU Arbitration Convention established a procedure to resolve transfer pricing disputes between Member States. These disputes involve double taxation, which is the result of an upward adjustment to the profits of an enterprise in a Member State whilst this is not followed by an equivalent downward adjustment in the other Member State. The Convention …

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CFO positions available on IAFEI technical committee

A number of vacancies are now available on the International CFO Technical Committee of the International Association of Finance Executives Institutes (IAFEI). This is a unique opportunity for CFOs that wish to expand their CV and show participation and collaboration with CFOs globally. The Committee reports and advises the IAFEI Board on policy and standards …

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America’s CEOs Pledge to Rethink Corporate Priorities

The Business Roundtable, a group of the chief executive officers of many of America’s largest corporations, said business leaders should take a broader view of the purpose of a corporation that takes responsibility for improving society, rather than simply enriching shareholders, according to CFO.com. In its new “Statement on the Purpose of a Corporation” the group said its leaders …

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FORMER PCAOB INSPECTIONS LEADER JAILED FOR STEALING CONFIDENTIAL INFO

Cynthia Holder, a former Public Company Accounting Oversight Board (PCAOB) inspections leader and director at KPMG, has been sentenced to eight months in Federal US prison. This is the first custodial sentence to be handed to one of the five former KPMG executives indicted over a scheme to steal inspection information from the PCAOB, reports …

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Get ready for European single electronic format filing

The world’s financial markets are gradually crossing the digital divide, and taking listed company annual reports with them. This article was first published in the July/August 2019 UK edition of Accounting and Business magazine. By Lesley Meall.  Every day, advances in digital technologies are increasing the volume and variety of available data and the ease …

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