Do you want the good news or the bad news?
Good news first?
There will be plenty of work but disruption lies ahead, we will have to share the workplace with robots, but have no fear, Deloitte is here.
Deloitte hosted two business events this week, a tax seminar at the Renaissance Convention Center, Aug. 28th, with the MinPres as keynote speaker, and followed it by a business mixer on Aug. 31st, at Tierra del Sol.
The MinPres revealed five new sustainable strategies, designed to help diversify our economy, she discussed two, tourism among them, and reported the MinFEC will outline the rest. We can’t wait to hear.
Over the past 6 years I believe, since we were introduced, I try to steal a few words with Deloitte’s business partner Julian Lopez Ramirez, during the annual event, which has been held at Tierra del Sol, for obvious reason. You know, MVR is among the not-so-new owners of the property.
Our subject of conversation never varies. We always talk about the necessity to move from direct to indirect taxes, and this year I have to say Julian was very forceful, he assured me GOA will make more money if it finally moves in that direction, because there will be a bigger tax paying audience, not just the two of us, our tourists will be participating as well, and the current extensive menu of taxes will shrink.
Julian also talked about compliance. While most big accounting firms lose or give up their God-given certifications, Deloitte maintains its, at the cost of large investments. Very large.
I checked the website, they do a lot in that area: Deloitte’s governance, risk and compliance (GRC) services help clients tackle the broad issues of corporate governance, enterprise risk management, and effective corporate compliance, while offering specialized assistance in key areas such as financial reporting, tax, information technology, human capital, anti-fraud, dispute consulting, and financial advisory services. We can help organizations identify, remediate, monitor, exploit and manage enterprise risks in addition to coordinating the utilization of people, process and technology to improve GRC effectiveness and help manage costs.
So, if you are a branded international company in need of audit services Deloitte is the only game in town because all others suffered/will suffer disruption.
I was also pleased they read my column, I heard quotes from a number of players, who liked this or disliked that, and Ashiq Nanhekhan gave me his card to give to my GF whose CMB bank account got hacked, and so far, no justice! I deal with this everyday he said, Cyber Risk is his specialty, I might not be able to help but I can shed some light.