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Final rules govern U.S. country-by-country reporting (Journal of Accountancy) - The IRS issued final regulations on Wednesday implementing new country-by-country reporting requirements, under which the ultimate parent entity of a multinational enterprise group (MNE group) with revenue of $850 million or more in the preceding accounting period must file Form 8975, Country-by-Country Report (T.D. 9773). ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Security Summit Reviews 2016 Accomplishments, Announces 2017 Initiatives (IRS) - WASHINGTON â Leaders from the IRS and state tax agencies along with executives from the private-sector tax industry marked the first year of their ground-breaking Security Summit partnership to combat identity theft tax fraud by recapping 2016 accomplishments and turning toward 2017 efforts. After Brexit, Hereâs Whatâs Next for Europe (Bloomberg) - âNo man is an island,â the English poet and Anglican cleric John Donne wrote in 1624, presaging the Brexit vote by almost four centuries. âIf a clod be washed away by the sea, Europe is the less.â 3 Epic Fails of Backup and Recovery (Going Concern) - Auditors -- especially seasoned IT auditors -- are familiar with the scene of sitting with a nervous backup and recovery analyst once a year for a walkthrough. If you havenât had the pleasure of experiencing it, hereâs the drill: Chatbots Are Here To Stay, And They're Getting Even Smarter (Forbes) - What problems will chatbots solve in the next few years? originally appeared on Quora: the knowledge sharing network where compelling questions are answered by people with unique insights. Accounting/Audit | TOP 5 MOST READ
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