By Prof Dr Michel De Wolf, DGST Réviseurs d’entreprises
As you may know, IOSCO and its worldwide “monitoring group” overseeing the world audit and ethical standard setting process, are focusing on audit standards for public-interest entities, with no interest for “SMEs”. This is, of course, of special concern for all non-Big-Four audit practices. Meanwhile, IAASB is launching a project around the question of the scalability of ISAs, which could lead to an “ISA for SME”.Continue Reading
By Huub Kapel and Wytske Wijnnobel, LIMES International B.V.
As of 16 February 2019, the Regulation on Public Documents (Regulation 2016/1191) is applicable in all EU Member States. This Regulation aims to lower formalities and costs for citizens presenting public documents in another EU country than the country where the documents were issued, such as court documents, birth certificates, marriage certificates or a certificate on the absence of a criminal record.Continue Reading
By Akin Alcitepe, Offit Kurman
Most foreign governments require disputes with parties with which they have agreements to be litigated in their courts using their domestic law. Under certain circumstances, however, a company doing business with a foreign government may be able to bring its claim to a neutral international arbitration forum through the use of a Bilateral Investment Treaty (BIT) or a Multilateral Investment Treaty (MIT).Continue Reading
By Béla Kakuk, BPiON Services Ltd.
One of the most important objectives of the international taxation regime is to allocate taxation where profit and value is generated in order to guarantee trust over truthfulness of tax regimes and effective taxation sovereignty of local governments. The European Unions Anti-Tax Avoidance (ATAD) (2016/1164/EU) directive brought new rules preventing tax evasion and aggressive tax optimisation.Continue Reading