In this release, an update is provided on a variety of accounting and reporting developments, including:
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country-by-country reporting
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the OECD project on hybrid mismatch arrangements, and
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the new converged standard on revenue recognition recently issued by the Financial Accounting Standards Board and International Accounting Standards Board
Your attention is also drawn to some significant tax law and tax rate changes that occurred around the globe during the quarter ended 30 June 2014, and to the importance of technology in tax function effectiveness.
