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More IRS Funding Means the Wealthy Can Only Hide Hundreds of Billions

Biden's plan to reclaim $780 billion over 10 years would close about 8% of a collection gap that the IRS chief says could be as high as $1 trillion. ....

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Banks, UCBs with more than Rs 15,000 cr assets must have two auditors

Commercial banks and urban co-operative banks (UCB) will be allowed to rope in at least two auditors not related to each other and will have to take prior approval of the Reserve Bank of India (RBI) for appointment or reappointment of statutory auditors on an annual basis, the central bank said on Tuesday.
“For entities with an asset size of Rs 15,000 crore and above as at the end of previous year, the statutory audit should be conducted under joint audit of a minimum of two audit firms,” the RBI said.
Any bank with a balance sheet of less than Rs 15,000 crore can have one statutory auditor. However, in all cases, concurrent auditors cannot be appointed as statutory auditors. ....

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ATO updates guidance on reciprocal auditing arrangements

ATO updates guidance on reciprocal auditing arrangements
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Adewale Olanlokun and Co., Bariga, Lagos, Nigeria

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Trax and Roamler Partner to Launch Crowd-based Store Auditing Service for CPG Companies in Europe

Trax and Roamler Partner to Launch Crowd-based Store Auditing Service for CPG Companies in Europe
Trax, a leading global provider of computer vision solutions and analytics for retail, and Roamler, a European technology company specializing in crowd-supported solutions for field marketing, today announced a new partnership to provide consumer packaged goods (CPG) companies in Europe with a store auditing service that combines the power of computer vision and the gig economy.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210304005380/en/
(Graphic: Business Wire)
Roamler leverages a crowd-based workforce to capture images of retail shelves. The images are processed by Trax s proprietary computer vision platform to provide manufacturers with an accurate snapshot of in store shelf conditions. Roamler pairs experienced retail workers with CPG customers based on location, skill, and experience level. The ....

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