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news & trends
“ After significant disruption to tax audits and litigation during the COVID-19 pandemic , executives across the world are anticipating a period of intense scrutiny as a new wave of global tax reform takes hold .”
– Marna Ricker , EY Global Vice Chair of Tax
New Era of Tax Risks
When it comes to audits and risks , senior tax and finance leaders said :
75 % Lack complete visibility of their companies ’ tax disputes globally .
53 % Anticipate more tax authority focus on international tax and transfer pricing issues .
51 %
Expect to experience more tax disputes in the next two years .
38 % Have named a dedicated tax risk or tax controversy leader in the last two years .
35 % Tax enforcement is a top concern .
— EY
THE numbers
11.5 %
The average amount that people tend to underestimate their annual Social Security benefits .
– National Bureau of Economic Research
1 in 2
The number of HR leaders who said they are developing policies regarding the use of OpenAI ’ s ChatGPT .
– Gartner
300K
The number of accountants and CPAs who have left the profession over the past two years .
– Capterra
30 +
The average number of tools companies use for overall cybersecurity .
– Palo Alto Networks
39 %
The number of Americans who said they skipped meals to make housing payments .
– Clever Real Estate
800 +
The number of audit engagements reviewed by the PCAOB in 2022 .
– PCAOB www . calcpa . org JUNE 2023 CALIFORNIA CPA 5