Operational Transfer Pricing: Bridging the Gap between Transfer Pricing Policy and Accounting Integrity - Part I

Event Overview

As taxing authorities in the U.S. and around the world have stepped up their scrutiny of transfer pricing to help protect their tax bases, a spate of high profile tax dispute cases has followed.  Furthermore, financial statement auditors and industry regulators are focusing greater attention on the integrity of intercompany accounting and the underlying control environment.

As a result, companies that do not rigorously implement and adhere to their transfer pricing policies governing intercompany transactions face growing risks.  Risks that can include materially misstated financial statements, increased audits, and multi-million-dollar tax adjustments and related penalties.

Please join Jerry Klopfer, a tax principal in KPMG's Economic and Valuation Services practice, Tony Bevacqua, an advisory principal in KPMG's Financial Management practice, and Doreen Liu, a senior manager in KPMG's Economic & Valuation Services practice as they discuss the risks inherent in implementing transfer pricing policies and how integrating transfer pricing into day-to-day operations and aligning implementation with strategy, can help improve the integrity of intercompany accounts.