IVS 2017 consist of five general standards and six asset standards. The general standards offer guidance for all valuation assignments including terms of a valuation engagement, bases of value, valuation approaches and methods, and reporting. The asset standards include requirements related to specific types of assets.

Review the press release on the IVSC's website.

Carl Allegretti, Canadian Tax Leader, will introduce our speakers and Fatima Laher, Tax partner and Clients & Industries Leader will be hosting the session.

Jonathan Traub, Managing Principal, Tax Policy, Deloitte US, will share perspectives on current legislation, including tax impacts, due to the recent US presidential election.

Joel Guberman, Chair and founding partner of Guberman Garson LLP, an independent immigration law firm allied with Deloitte LLP, will provide insights on the recent immigration executive order.

Mark your calendars and register for this webcast.

More information about this event.

There are some important questions all CFOs and finance executives could benefit from asking their compliance teams when considering a transformation process. These include:

1. How are we using technology to support and enable compliance testing?
2. Are we investing in people who know how to use that technology?
3. What kind of alternative delivery model strategy have we considered?
4. Have we taken a hard look at how compliance is organized throughout the business to identify redundancies in the system?
5. How are we going to see a return on investment?
6. Is our compliance function focused on making the transformation to value creation?

Review the article on FEI's website.

Mr. Hespenheide is a familiar figure in the sustainability reporting world, and a long-term contributor to GRI's multi-stakeholder network. He brings a wealth of multi-faceted experience in both financial and non-financial reporting to lead the organization into the next decade. He previously served as Chairman of the GRI Global Sustainability Standards Board (GSSB) and subsequently as the Interim Chief Executive of GRI, where he led the roll-out of the GRI Sustainability Reporting Standards (GRI Standards).

Review the press release on the GRI's website.

The report, which draws on a range of recent academic research, highlights the positive benefits of adopting Integrated Reporting. According to the report, evidence suggests that Integrated Reporting leads to improved forecasts of future cash flows and valuations.

The request for input outlines the background of the work regarding the tax challenges of digitalisation from the BEPS Action 1 report and invites comments on the impact of digitalisation on business models and value creation, challenges and opportunities for tax systems, the implementation of the measures outlined in the BEPS package and potential options to address the direct tax challenges of  digitalisation.

Review the press release and the request for input on the OECD's website.

Following the outcome of the OECD/G20 Project on Base Erosion and Profit Shifting (the BEPS Project), many countries and jurisdictions have implemented measures to reflect the revisions to the Transfer Pricing Guidelines resulting from the 2015 Reports on Action 8-10 Aligning Transfer Pricing Outcomes with Value Creation and on Action 13 Transfer Pricing Documentation and Country-by-Country Reporting, in addition to changes incorporating the revised guidance on safe harbours approved in 2013 as well as consistency changes made to the rest of the OECD Transfer Pricing Guidelines.

The newly updated profiles focus on countries' domestic legislation regarding key transfer pricing principles, including the arm's length principle, transfer pricing methods, comparability analysis, intangible property, intra-group services, cost contribution agreements, transfer pricing documentation, administrative approaches to avoiding and resolving disputes, safe harbours and other implementation measures. The information contained in the TPCP is intended to clearly reflect the current state of countries' legislation and to indicate to what extent their rules follow the OECD Transfer Pricing Guidelines. The information was provided by countries themselves in response to a questionnaire so as to achieve the highest degree of accuracy.

Review the country profiles on the OECD's webiste.

According to the paper, the government plans to require businesses with total annual revenues of at least $100 million to publish annual statements outlining their actions to address modern slavery in their operations and supply chains.

Review the consultation paper on the Australian Government's website and an article on the Governance Institute of Australia's website.

The preparation and disclosure of more accounting items is complicated because it requires greater knowledge of authoritative accounting standards. This aspect of complexity can increase the likelihood of mistakes, incorrect application of GAAP, and can ultimately lead to less credible financial reports. Consistently, we find that ARC is associated with a greater likelihood of misstatements and material weakness disclosures, longer audit delay, and higher audit fees.

Review the paper on the SSRN's website.