News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
FATF's 7th Targeted Update widens the gap between legislation and real enforcement, raising urgent AML, supervisory, and crypto accounting software obligations for firms and CFOs.
FATF's seventh crypto compliance report card reveals an enforcement gap that firms and supervisors must close now
FATF signals that DeFi's centralised elements must be regulated as VASPs, raising immediate AML, onboarding, and crypto accounting software obligations for firms advising digital asset clients.
FATF's call for accelerated crypto AML enforcement and rising stablecoin misuse signals immediate compliance and audit obligations for accounting firms and CFOs.
ECB names 36 PSPs for digital euro beta pilot, signalling live CBDC infrastructure and new accounting and compliance obligations for EU payment and finance firms.
EU Parliament's post-MiCA policy position on DeFi, staking, NFTs and stablecoins and its accounting and compliance implications for EU firms and CFOs
The European Commission's proposed Omnibus Directive and DAC Recast will reshape cross-border tax compliance obligations for EU-operating firms, with unanimous member-state approval still required.
The EBA and ECB are reshaping the 2027 EU-wide stress test with climate risk integration, COREP/FINREP alignment, and a 55% reduction in data points. Accounting firms, auditors, and CFOs at supervised banks need to understand the IFRS 9 provisioning, reporting, and capital planning implications now.
Accounting firms and CFOs serving multinationals need to understand the improved but still incomplete interoperability between ISSB Standards and ESRS, and what a credible single-report approach actually requires in practice.
Switzerland's SIF sets out where Pillar 1 and Pillar 2 stand today, what is already in force, and what accounting firms and CFOs serving multinational clients must track next.
CARF goes live in Norway from 1 January 2026: what the automated exchange of crypto data means for accountants and CFOs advising Norwegian clients
ECOFIN agrees general approach on VAT data-sharing reform: what the expanded EPPO/OLAF/Eurofisc access means for cross-border compliance obligations
The European Commission's June 2026 Tax Omnibus rewrites core EU direct-tax directives, removing holding requirements, tightening anti-abuse rules, and aligning CFC and Pillar Two treatment. Accounting firms and CFOs serving EU multinationals need to map the changes now.
Three EU tax shifts land simultaneously: the FASTER Directive is now law, Italy's tax consolidation rules face a CJEU test, and Romania's windfall tax joins a growing queue of CJEU referrals. Accounting firms and CFOs need to know what each means for cross-border structures.
DAC9 formalises the GloBE Information Return in EU law, creating a central filing option and mandatory information exchange that MNE groups and their advisers must plan around now
EU DG TAXUD's new two-volume wealth tax study maps regimes across seven jurisdictions and flags compliance gaps, information exchange deficits, and the growing importance of tax administration digitalisation for accounting firms advising high-net-worth clients.
Switzerland and Croatia have signed a DTA amendment implementing OECD minimum standards on treaty abuse and automatic information exchange, with parliament ratification still pending in both countries.
EU DG TAXUD confirms Cyprus IIR has qualified status under the Pillar 2 Directive regardless of OECD Central Record listing, with direct implications for MNE filing strategies before the 30 June 2026 deadline.
The BIS has flagged stablecoins as a systemic risk to global financial stability, with implications for how accounting firms and CFOs assess stablecoin exposure and compliance obligations.
DAC8 reporting introduces mandatory disclosure of crypto transactions for EU tax authorities, aligning with global standards like CARF and impacting accounting firms' compliance workflows.
The OECD's proposed framework to reduce minimum tax audits for multinationals highlights the growing need for efficient crypto accounting software to manage compliance data.
For accounting firms and finance teams operating in or through Estonia, DAC8 reporting sits at the intersection of EU tax transparency rules, IFRS measurement obligations, and the emerging CARF framework, creating a compliance stack that demands coordination across disciplines.
A practical explainer for accounting firms on how DAC8 reporting, CARF, FASB ASC 350-60, and IFRS crypto asset standards intersect, and what each means for client compliance obligations in 2025 and beyond.
A practical explainer for accounting firms, CFOs, and finance teams on how IFRS and US GAAP frameworks treat crypto assets differently for financial reporting, and what that means for audit-readiness and client advisory in 2025.
