KPMG Financial Reporting podcast

The Pillar Two rules will go into effect at the beginning of 2024 and time is quickly running out for multinationals to determine the impact. One of the most challenging and time-consuming aspects of Pillar Two is the calculation of the Globe Effective Tax Rate. In this episode, KPMG Department of Professional Practice partner Nick Tricarichi is joined by Quyen Huynh, KPMG Washington National Tax principal, to break down the calculation of the Globe ETR into simple terms. We explain why it’s so challenging, provide examples of major adjustments that need to be made to the financial statements, and dive into how companies are attempting to close the extensive data gap. Lastly, we close the episode by asking Quyen to put on her coaching hat and provide some practical tips on what companies can do now to make this process more manageable.

The Pillar Two rules will go into effect at the beginning of 2024 and time is quickly running out for multinationals to determine the impact. The good news is that there is a transitional safe harbor available that can significantly reduce the time and effort required to comply with Pillar Two. In this episode, KPMG Department of Professional Practice partner Nick Tricarichi is joined by Marissa Rensen, KPMG Washington National Tax managing director, for an engaging conversation about this transitional safe harbor. We tell you how to qualify for the safe harbor and highlight areas that could potentially cause miscalculations. We close the episode by asking Marissa to put on her coaching hat and provide some practical tips on what companies should be doing now to take advantage of the safe harbor.

The Pillar Two rules will go into effect at the beginning of 2024 and time is quickly running out for multinationals to determine the impact. In this episode, KPMG Department of Professional Practice partner Nick Tricarichi is joined by Marcus Heyland, KPMG Washington National Tax principal, for an engaging conversation about the new tax regime. We discuss how it works, which countries are planning on implementing in Q1, where the US stands in all of this, and who within your organization needs to be on the project team. Lastly, we close the episode by asking Marcus to put on his coaching hat and provide some practical tips on what companies should be doing now to set themselves up for success.

Members of the ESG team in the KPMG Department of Professional Practice discuss the latest developments in ESG reporting – including two California climate disclosure laws that were recently signed into law and proposed amendments to the EU’s Corporate Sustainability Reporting Directive.

Members of the KPMG Department of Professional Practice discuss the latest FASB amendment requiring a joint venture to recognize and initially measure its assets and liabilities using a new basis of accounting upon formation.

We discuss the key requirements and potential impacts of the SEC's cybersecurity and compensation clawback rules.

Listen to ESG reporting developments and expectations – the SEC, ISSB and EU; plus the latest from California.

KPMG professionals discuss proposed income statement disaggregation disclosure requirements.

Listen to ESG reporting developments and expectations - with a focus on IFRS Sustainability Disclosure Standards.

KPMG hosts SEC Chief Accountant Paul Munter to discuss priorities and changes in a rapidly transforming world.