For companies competing in international markets, conducting business in a manner that implicates international anti-corruption regulations such as the U.S. Foreign Corrupt Practices Act (FCPA) and the U.K. Bribery Act (UKBA) can result in forfeiture of “tainted” gross profits, exposing the company to substantial fines and penalties, and serious ramifications for responsible corporate officers and board members. Governments all over the world are concentrating their efforts to halt corruption, and the onus is now on the company to ensure compliance with international anti-corruption laws throughout its organization.
As one of the premier providers of compliance, risk, fraud and forensic services worldwide, UHY Advisors Forensic, Litigation & Valuation Services assist clients with establishing effective compliance functions designed to help prevent potential violations of anti-corruption laws before they lead to costly investigations. With offices throughout the world, member firms in the UHY International global network understand the diverse issues facing multi-national corporations and are dedicated to helping companies establish their business presence in many foreign and emerging markets. UHY International has the global reach to conduct investigations to quickly uncover and isolate potential violations that may occur from a rogue employee. Our anti-corruption services have been designed for our clients to receive value from the tight controls we apply to all engagements and from the utilization of multi-functional teams, with capabilities in five critical areas:
We welcome Hassouneh Auditing Firm in the Palestinian territories to the global accountancy network UHY, extending our coverage within the EMEA region.
UHY Advisors, Inc. (“UHY Advisors”), one of the nation’s leading professional services firms, announces the appointment of five new managing directors: Brad Baer, Harold Mohn, Robert Scope, Mehmet Sengulen and Aaron Witalec.
UHY Advisors, Inc. (“UHY Advisors”), one of the nation’s leading professional services firms, announces the appointment of five new managing directors: Brad Baer, Harold Mohn, Robert Scope, Mehmet Sengulen and Aaron Witalec. Scope and Witalec are both from the Michigan practice.
Michigan's personal property tax reform continues Jan. 1, 2016, with the most significant changes for taxpayers with eligible manufacturing property.
As of Dec. 31, 2015, the General Property Tax Act provides an exemption from tax for qualified new personal property and qualified previously existing personal property for eligible manufacturing personal property (EMPP). EMPP is defined as "...all personal property located on occupied real property if that personal property is predominantly (greater than 50 percent) used in industrial processing or direct integrated support."
At its Dec. 15, 2015 meeting, the Public Company Accounting Oversight Board (PCAOB) adopted new rules that provide audit firm transparency to public company investors. The rules require audit firms to disclose information regarding certain audit participants in public company audits.