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Intercompany accounting becomes a growing focus of regulatory authorities

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Aug 30, 2016

On August 30, 2016, an article was released by Compliance Week which notes that authorities in dozens of countries are asking for a closer look at intercompany activity, due to concerns that companies may be manipulating tax rules to avoid tax liabilities.

In a recent Deloitte webcast poll, nearly half of the 4,000 participants indicated that their organizations are looking to achieve greater consistency in intercompany accounting, but are not there yet. Less than 10 percent said they have a well-developed intercompany accounting system that keeps track of transactions across related entities.

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