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IESBA sets ethics standards for corporate tax planning

Accounting Today

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

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FASB Issues Standard That Enhances Income Tax Disclosures

CPA Practice

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions.

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FASB Sets Out Plan to Improve Income Tax Disclosures

CPA Practice

The Financial Accounting Standards Board released a proposed Accounting Standards Update (ASU) on Wednesday that addresses requests from investors for improved income tax disclosures.

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How to Plan for Global Tax Minimization

Cherry Bekaert

Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. Many countries do not have a tax treaty with the U.S.,

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Accounting Isn’t a Stand-Alone Activity

SMBAccountant

An owner wants to do some tax planning. While it is absolutely possible that a member of the accounting staff could participate in some sort of fraud, management’s involvement is imperative. Enron birthed a whole new set of accounting standards called the Sarbanes-Oxley Act (SOX). Here's a few examples: 1.

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Understanding AI and automation in accounting

Accounting Insight

They have the ability to identify anomalies, investigate discrepancies, and apply professional judgement to ensure compliance with accounting standards and regulations. Matters such as tax planning, auditing, and providing specialised financial advice are areas where human accountants excel.

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IESBA makes progress on sustainability and tax ethics standards

Accounting Today

The International Ethics Standards Board for Accountants approved an exposure draft on ethics and independence standards for sustainability reporting and assurance and a final ethics standard for tax planning and related services.

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