The OECD’s BEPS initiative addresses profit shifting by multinationals, encouraging countries to strengthen tax rules and disclosure requirements.
Auditors play a key role in ensuring compliance and transparency. The reforms require careful planning, documentation, and oversight to meet new reporting standards.
BEPS has global implications, affecting both UK and US multinational corporations and shaping international tax policy.
These changes highlight the evolving role of auditors and accountants in managing global tax compliance and maintaining trust in financial systems.
