audit

Commissioner of the IRS, the US government agency responsible for tax collection and tax law enforcement, said that the audit of multinational companies by the agency should be conducted jointly with other countries.

"We have begun a dialogue to take international cooperation to the next level," Douglas Shulman told. "I believe this should include joint examinations with other nations," he said.

Douglas Shulman, the U.S. Internal Revenue Service (IRS) Commissioner, stated the company would focus its audits on wealthy individuals and corporations as part of its broader effort to increase enforcement.

His statement at a congressional hearing was a response to the representative Jose Serrano, Democratic chairman of the subcommittee, who pointed at data from Syracuse University.

Finance minister of Kenia John Michuki has ordered the Central Bank to audit Safaricom’s M-Pesa money transfer system after launching of new regulations at the School of Monetary Studies in Nairobi for micro-finance institutions. It is necessary to say that such decision was made just a day M-Pesa signed an agreement with Western Union for international cash transactions, reports The East African.