While Pillar Two reporting may fundamentally be a tax compliance issue, its impact—if material—must be disclosed and reported in an organization’s consolidated financial statements. And with a rapidly approaching deadline, there is little time for finance to understand its impact, gather the necessary information to meet the new financial reporting requirements. Kara Selby, PwC Canada’s Risk and Regulatory platform leader, highlights the impacts of Pillar Two on Finance and Accounting teams.
