Internal Audit vs. Internal Control: Differences and Importance

How do you structure governance functions in your organization? In today’s business environment, internal audit and internal control are often associated, yet each plays a distinct and essential role within an organization. Understanding the differences between these two concepts is crucial to ensuring effective corporate governance and robust risk management.
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Taxation of Dividends in 2025

Adopted at the end of 2024, Emergency Ordinance No. 156/2024, also known as the "Train Ordinance," introduces significant fiscal changes, including those regarding dividend taxes. These changes are part of a broader package of measures aimed at increasing state budget revenues. Key Changes in Dividend Taxation Dividends distributed after January
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CSRD in Romania

As there are more and more conferences and discussions about sustainability these days, we consider it useful to bring to the attention of our clients some relevant information. CSRD in Romania In Romania, CSRD is transposed into national legislation through Order no. 85 of January 12, 2024, which amends and
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Ordinance no. 8/2021 – important legislative changes

Starting with September 3, 2021, two ordinances (Ordinance no. 8/2021 and Ordinance no. 11/2021) will apply. We want to bring to your attention, considering those critical in carrying out your current activity Ordinance no. 8/2021 comes with the following most important legislative changes: Dividends tax exemption treatment: The new ordinance
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15 Years Celebration

Dear Clients, Associates and Business Partners, Thank YOU! Your valuable Trust during all these 15 years gave us the good inspiration and the power to build, to grow continuously, to convert challenges into opportunities, to enjoy our journey as team of professional consultants and to gain a win-win business partnership
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Romania: Anti-Money Laundering

The following reporting entities are subject to Anti-Money Laundering requirements in Romania: a) Romanian legal entities credit institutions, and branches of foreign legal entities credit institutions; b) Romanian financial institutions and branches of financial institutions from other Member States; c) private pension fund managers for their own behalf and for
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Reporting DAC6 – cross-border transactions

Companies must conclude the analysis of all cross- border transactions with business partners from other states This analysis must be strongly documented in order to be able reasoning of the decision of reporting to authorities or not needed the reporting. Cross-border transactions occurred during period 01 July 2020 – 31
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Easter Greetings from our team!

Our team of professional is available for any clarifications or additional details required in your analysis. The above information represents just a summary of aspects we consider relevant in the recently published legislation. This is not exhaustive disclosure of information and it is not intended to be used as advice
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March edition of the BKR EMEA region’s E-Update

Our team of professional is available for any clarifications or additional details required in your analysis. The above information represents just a summary of aspects we consider relevant in the recently published legislation. This is not exhaustive disclosure of information and it is not intended to be used as advice
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