RSM World of IFRS summarises key matters arising from recent IASB discussions and decisions, highlights RSM thought leadership from around the world, and addresses an IFRS application question each month. Latest matters from the international accounting standards board (IASB) The following is a summarised update of key matters arising from the discussions and decisions taken by the IASB at its remote meetings on the following dates: 22-23 June 2021 20-21 July 2021 The full update, as published by the IASB, can be found here. MAINTENANCE AND...

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This week's special newsletter provides an overview of notable changes in Canadian immigration including all measures directly related to the COVID-19 pandemic. Here are the most important news since the beginning of the pandemic and travel restrictions as of October 14, 2021 The U.S. land border will be open to fully vaccinated Canadian travellers starting in November Vaccinated Canadians will be able to travel to the U.S. by land or ferry starting in November for non-essential purposes (tourism, family travel, etc.)....

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On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced several actions focused on disrupting criminal digital finance infrastructure, including virtual currency exchanges, responsible for laundering cyberattack ransoms, and encouraging incident and ransomware payment reporting to U.S. authorities.  OFAC issued an updated advisory on potential sanctions risks associated with facilitating ransomware payments (the “Advisory”).  OFAC also added Russia-based cryptocurrency exchange Suex.io to its Specially Designated Nationals and Blocked Persons List (the “SDN List”).  This is the first cryptocurrency...

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Montpellier, October 13th, 2021: CILcare, the world leading CRO specialized in ear disorders, is pleased of nominating Aurore Marie at the position of Global Head, R&D Operations Management. In her new role, Aurore Marie will drive the support to production activities at global level and will serve as a new member of CILcare’s Board. For the past six years, Aurore Marie has served as R&D Project Manager and Senior Operations Manager at CILcare, responsible for directing and executing Sponsor’s studies...

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Companies have always employed a contingent of remote workers abroad, including expatriates on long-term assignments, home office workers sent for temporary duties or local nationals with on-the-ground expertise. But during the pandemic, remote work exploded — and there may be no going back to business as usual. For example, a recent Upwork study found that by 2025, over 36 million US citizens will be working remotely, an 87 percent increase from pre-pandemic times. Of course, most remote workers are likely to remain in...

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Note: This alert was updated on October 12, 2021, to reflect new guidance on which vaccines the U.S. government will recognize.   On September 20, 2021 the international press began to report that the U.S. government plans to ease travel restrictions for fully vaccinated visitors flying internationally into the United States beginning in November 2021. However, to date, the official U.S. government policy has not been released. What were the previous entry restrictions? Since March 2020, travellers who have been in the European...

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The OECD announced on 8 October that international agreement had been reached on its “Two Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy”. The OECD/G20 Inclusive Framework, agreed to by 136 countries is the OCED’s and G20’s vision for the international tax future, and reinforces the conclusions reached in August 2021. There are two aspects (referred to as “Pillars”): Pillar One - A fairer distribution of profits and taxing rights via reallocation to...

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RavenPack announces the release of RavenPack Edge, a new AI platform that collects, reads, and analyzes billions of documents to help businesses better monitor and mitigate emerging risks. New York, September 22, 2021 — RavenPack, the leading provider of technology and insights for data-driven companies, has announced today the release of RavenPack Edge, a new AI platform that collects, reads, and analyzes billions of documents to help businesses better monitor and mitigate emerging risks. Capable of understanding content in 13...

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The 17 December 2021 deadline for EU Member States to implement the EU Whistleblowing Directive into national laws is fast approaching. Private sector organisations in the European Union with 250 or more workers (and certain public authorities) will be required to comply with the new laws from that date, though those with 50-249 workers have until 17 December 2023 to do so. Importantly, the 50-worker minimum limit is removed for financial services firms and the UK is not required to introduce...

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