November 2025

Taxation

Tax Avoidance and Tax Inversion: The Ethicality of Corporate Tax Strategy

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In 2016, a European investigation revealed that Apple had paid an almost unbelievable tax rate of just 0.005% on a large slice of its profits routed through Ireland. This startling figure – essentially close to zero tax – pulled back the curtain on the elaborate maneuvers some of the world’s biggest companies use to shrink their tax bills. And Apple was no outlier: experts estimate that nearly 40% of multinational corporate profits, roughly $1 trillion each year, are artificially shifted to offshore tax havens.… Read more
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Accounting

Applying Principles: Developing Judgment in Complex Accounting Standards

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In modern accounting, professional judgment is both an art and a necessity. As global standards like IFRS (International Financial Reporting Standards), US GAAP (Generally Accepted Accounting Principles), and IPSAS (International Public Sector Accounting Standards) increasingly emphasize principles over prescriptive rules, accountants and auditors must apply seasoned judgment to faithfully represent complex transactions. Principle-based standards provide a high-level framework, but they rely on professionals to interpret and apply the guidance to real-world scenarios.… Read more
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Accounting

Structured Problem-Solving in Audit and Accounting

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The world of audit and accounting is growing in complexity and scrutiny. Professionals face intricate financial systems, evolving regulations, and high expectations from stakeholders. In this environment, structured problem-solving has emerged as an essential skill and approach. A survey by the World Economic Forum identified structured problem-solving as one of the most critical skills in the modern workplace – yet it is a skill often in short supply. In audit and accounting work, where accuracy and sound judgment are paramount, the ability to tackle issues methodically can make the difference between failure and success.… Read more
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Accounting, Auditing

Critical Thinking and Analytical Reasoning for Accountants and Auditors

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Accountants and auditors today face an increasingly complex global environment of financial reporting, regulation, and business models. They must analyze massive amounts of data, apply professional judgment under uncertainty, and remain alert to anomalies or fraud. Critical thinking and analytical reasoning – the abilities to question assumptions, weigh evidence, identify patterns, and reach well-reasoned conclusions – are therefore indispensable. Accountants and auditors who think critically do not take information at face value.… Read more
Auditing

Ethics in Auditing: A Checkbox Exercise or a Moral Duty?

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A cold autumn breeze swirled outside the Houston skyscraper as a handful of auditors pored over the financial statements of Enron Corporation. It was late 2001, and whispers of irregularities were growing louder by the day. Inside the audit room, tension mounted. The auditors from Arthur Andersen faced a pivotal decision: challenge their prestigious client’s dubious accounting practices and risk a lucrative engagement, or sign off on the accounts and hope for the best.… Read more
Accounting

Transitioning from Public to Private Accounting: A Practical Guide on What to Expect, How to Translate Your Skills, and Negotiating Your First Industry Role

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Transitioning from a public accounting firm to a private (industry) accounting role is one of the most significant career moves an accountant can make. Whether you’re a first-year auditor feeling burned out from busy season or a seasoned manager craving new challenges beyond client service, moving into industry is a pivotal decision. Public accounting – including audit, tax, assurance, and advisory services – provides a strong foundation of technical skills, work discipline, and diverse experiences.… Read more
Auditing, Business and Technology

Auditing Warehouse Inventory Systems in the Digital Era: A Comprehensive Global Guide

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In today’s fast-paced digital economy, warehouses are not merely physical storerooms of goods; they are sophisticated hubs where inventory is tracked, managed, and optimized through advanced digital systems. The proliferation of cloud services, e-commerce platforms, and automated inventory tools means that organizations rely on seamless data integration to ensure real-time visibility into stock levels, shipments, and order fulfillment. In this context, auditing the warehouse inventory system is a critical component of the assurance process.… Read more
Financial Management

When Saving Money Makes You Poorer

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Many people grow up hearing that saving money is the surest path to financial security. Yet in today’s economy, purely hoarding cash can backfire. A dollar tucked away in a low-interest savings account may actually lose value over time. Inflation, eroding purchasing power, and missed opportunities for growth can turn prudent saving into a hidden trap. In this guide we’ll explore why certain saving habits – although seemingly prudent – can leave you relatively poorer in the long run.… Read more
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