On May 25, 2018, the European Union (EU) General Data Protection Regulation (GDPR) will supersede the UK Data Protection Act of 1998. This week, we discuss what you need to know about the GDPR regulation.
The tax season brings a lot of things for tax accountants – long nights in the office, rushing papers to meet the deadlines and a temporary hiatus from their social life. It is considered as one of the busiest seasons in the accounting industry, with accountants running all over the place to make sure that everything has been complied with the right figures at the right time.
Both internal audit and compliance serve important control functions in any organisation. Together, these teams can significantly reduce the risk of fraud or other forms of abuse. But what is the difference between these two? Read more to learn about the differences between compliance vs. internal audit.
On December 22, 2017, US President Donald J. Trump signed into law the “Tax cuts and Jobs Act.” The Trump tax plan, passed by the US Congress, is set to have sweeping changes to individual and business taxes. The US tax reform of 2018 is forecasted to raise federal deficits in the coming decade.
In any organization, internal auditor responsibilities are defined according to the objective of the audit activities. Your internal auditors perform a specific role in assurance, as well as in quality and risk management.