Archive for October, 2009

Strategic CFOs in High Demand

Wednesday, October 21st, 2009

The role of Chief Financial Officers is changing with the times. In addition to fulfilling the traditional role of financial tactician, CFOs have evolved into business advisors, according to a panel of Chief Executives hosted by The Financial Management Association of New Hampshire (FMA of NH) reports Reuters. Today, the responsibilities of the CFO extend [...]

Companies Gearing Up for More Transfer Pricing Penalties and Disputes

Wednesday, October 14th, 2009

Although transfer pricing (TP) has emerged as an effective way for multinational enterprises (MNEs) to manage international tax liabilities, tax authorities around the world are taking a harder line on the issue. Audits are more sophisticated and penalties are rising. That’s among the conclusions of a recent Ernst & Young study. The research shows that [...]

Tax Experts in Demand as Governments Take a Harder Line on Transfer Pricing

Wednesday, October 14th, 2009

The economic slowdown has triggered heightened transfer pricing enforcement around the world and greater compliance demands. Long a focus of the IRS, transfer pricing is now garnering more attention and is the subject of increased scrutiny in even previously tax-friendly countries, like China and India, reports CFO.com. As a result, U.S.-based multinational corporations are facing [...]

Doors Opening for Partners at Accounting Firms

Tuesday, October 6th, 2009

Although the economic slowdown has taken a toll on a number of industries, accounting firms are weathering the storm remarkably well. The AICPA’s 2009 PCPS CPA Firm Top Issues Survey finds that not only are CPA firms thriving, more than half predict growth in the coming months. One of the ways firms are positioning themselves [...]