Financial reporting doesn’t represent value of digital companies
by Bija Knowles
A recent article in the Harvard Business Review (HBR) asked how digital companies can improve their financial reports to better represent the value of their businesses
Control & Compliance in Operations
Background
Not only do corporate treasurers have to ensure water tight controls in all their operations and risk management, they have to prove it by having full records of what has been carried out and why.…
Read moreACT Conference highlights: Brexit Britain to 21st Century Treasury
by Bija Knowles
Today the UK's Association of Corporate Treasurers (ACT) kicks off its two-day annual conference in Liverpool's King's Dock
Could you benefit from the continuous accounting model?
by Bija Knowles
KPMG and Blackline collaborate to offer an automated service that enables organisations to access financial data in real time – an approach they say is essential in today's businesses environment
Wish-list for an integrated risk ecosystem
by Bija Knowles
Risk and compliance executives expect real benefits from digital technology but many firms face challenges in moving towards the future, according to a report by Celent and Thomson Reuters
Five emerging tech trends set to disrupt banking
by Bija Knowles
The banking sector is undergoing profound change due to a number of complex factors, including technology. Here are five emerging trends that will shape the industry in the next three years
What does GDPR mean for payments?
by Bija Knowles
The European Payments Council has published an infographic setting out the main ways in which the General Data Protection Regulation will affect payments and payment service providers
UK retailers less prepared for GDPR than French and German
by Bija Knowles
British retailers are less prepared to comply with GDPR than their German and French counterparts and are also more likely to view data transfer as a significant threat to their business
Tax reform and BEPS drive challenges for companies in 2018
by Bija Knowles
More countries move towards lower-rate tax systems but tax reform in the US, as well as BEPS and EU anti-avoidance directives will shape how governments handle tax this year
GDPR puts sub-contractor risk in spotlight – 88% don’t monitor this
by Bija Knowles
The EU's General Data Protection Regulation will come into force in one month and most companies should be prepared – but it means reviewing not just third-parties but sub-contractors too
China most complex country – top 10 financial complexity index
by Bija Knowles
Despite globalisation, individual countries maintain complex tax and reporting systems, with China most complex and Cayman Islands the least, according to the Financial Complexity Index 2018
Five unintended consequences of GDPR
by Bija Knowles
GDPR will make the collection and use of data more expensive for companies and could mean the end of free search engines and music websites, meaning that, in the end, the consumer will pay
Don’t let lack of IT resources/skills increase cybersecurity risk
by Bija Knowles
Most IT audit plans for 2018 take cybersecurity into account but, according to a recent study, as many as a fifth of organisations are not including cybersecurity in their IT audit plans
Meet the challenge of preparing for IFRS 17 Insurance Contracts
by Bija Knowles
The following animation outlines three key ways of supporting implementation of IFRS 17 Insurance Contracts
What are your corporate treasury mantras?
by Jack Large
Mission statements are not enough
EIB must take these 10 actions towards fair taxation
by Bija Knowles
The European Investment Bank must clean up its act on fiscal matters and develop a more responsible taxation policy, says a report released today by Counter Balance
Banks to prioritise tech transformation for compliance
by Bija Knowles
The majority – 89 per cent – of compliance executives at financial services institutions said they expect to increase their compliance investments over the next two years
How Roberta and Rob are slashing Statoil’s treasury jobs
by Bija Knowles
Confirming what many have known for some time, automation is having a profound impact on the treasury function at some of the world's biggest multinationals
Is the EU reporting framework fit for purpose? Have your say
by Bija Knowles
The European Commission has opened a public consultation on public reporting by companies – calling for input from stakeholders, including large companies, employees and SMEs
Can corporate tax measures tackle Australia’s black economy deficit?
by Bija Knowles
The Australian Taxation Office could stand to gain as much as AU$5 billion a year by enforcing corporate tax measures to crack down on the black economy, says a study by KPMG
Data is key challenge in preparing for new lease accounting – Deloitte poll
by Bija Knowles
Only a fifth of companies are fully prepared for new lease accounting standards, due to come into effect for US publicly traded companies from January 2019, according to a study by Deloitte
Navigating tax compliance’s complex transition to digital
by Bija Knowles
If your tax colleagues seem stressed, spare a thought, as they are “under pressure like never before”, according to the 2018 European Tax Technology Survey by Thomson Reuters
Beware potential risks in big data
by Bija Knowles
Big data enables far more detailed, tailored analysis of performance, behaviour and markets – but what are the potential risks? A report highlights some of the dangers – as well as the benefits
How much tax should corporations pay?
by Bija Knowles
Corporation tax in the UK has fallen to 19 per cent – but the other side of the coin is a society that has cut spending for hospitals and schools. An IPPR report suggests raising CIT to 24 per cent. Do you agree?
Lack of analytics skills hampers internal audit
by Bija Knowles
When it comes to internal audit, technology makes all the difference: 75 per cent of internal audit teams with a strong technology and talent focus contribute significant value to their organisations