U.K. fines Grant Thornton, sanctions ex-managers for audit

The Financial Reporting Council fined Grant Thornton UK LLP and sanctioned two of the auditor’s former executives for failing to maintain ethical standards, in the latest critique by regulators of accounting firms’ shortcomings. Original Article Posted at : https://www.accountingtoday.com/articles/u-k-fines-grant-thornton-sanctions-ex-managers-for-audit

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Global firms’ profit shifting shows need for new tax rules: OECD

New data shows the extent to which multinational companies shift profits around the globe to avoid tax, increasing pressure on international efforts to rewrite rules for a digital era, the OECD said. Original Article Posted at : https://www.accountingtoday.com/articles/global-firms-profit-shifting-shows-need-for-new-tax-rules-oecd

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Apple fight over $14.7B tax bill set for court ruling

Apple Inc. will find out next week whether it won the first round of its bid to topple a record 13 billion-euro ($14.7 billion) Irish tax bill imposed by European Union state-aid regulators. Original Article Posted at : https://www.accountingtoday.com/articles/apple-fight-over-14-7b-tax-bill-set-for-court-ruling

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Spying on remote workers, and other tech stories you may have missed

150,000 reasons to protect yourself against ransomware, and nine other developments in technology from this past month and how they’ll impact your clients and your firm. Original Article Posted at : https://www.accountingtoday.com/list/spying-on-remote-workers-and-other-tech-stories-you-may-have-missed

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