IIA takes a fresh look at risk management model

The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.


Rappler’s Maria Ressa posts bail for tax evasion

The DOJ lodged the tax evasion cases against Ressa over RHC’s alleged “failure to supply the correct and accurate information in the corporation’s quarterly value-added tax return for the second quarter of 2015.”


Exempted companies to operate locally

With the proposed legislation, the Cayman Islands government is reacting to pressure from the European Union, which considers parts of Cayman’s tax regime as harmful.