https://www.taxtmi.com/article/detailed?id=17175 Corporate resilience requires governance that tests the legality, accounting and tax treatment, economic substance, and ethical defensibility of significant transactions. Controls should identify fraud indicators through data analytics and timely scrutiny of unexplained anomalies. Tax risk registers, documented reasoning, exposure assessment, and independent review should support material transactions. Circular trades and third-party dealings require beneficial-ownership mapping, commercial-purpose assessment, verification of actual performance and funding, and counterparty due diligence. Management override requires independent review, while effective speak-up mechanisms and Board oversight support early risk identification and remediation. en-us Thu, 13 Aug 2026 08:32:12 +0530 Thu, 13 Aug 2026 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17175 Corporate resilience requires governance that tests the legality, accounting and tax treatment, economic substance, and ethical defensibility of significant transactions. Controls should identify fraud indicators through data analytics and timely scrutiny of unexplained anomalies. Tax risk registers, documented reasoning, exposure assessment, and independent review should support material transactions. Circular trades and third-party dealings require beneficial-ownership mapping, commercial-purpose assessment, verification of actual performance and funding, and counterparty due diligence. Management override requires independent review, while effective speak-up mechanisms and Board oversight support early risk identification and remediation. Articles Accounting - Auditing Thu, 13 Aug 2026 08:32:12 +0530 https://www.taxtmi.com/article/detailed?id=17175