Already complex, transfer pricing policies may need to change this year to reflect realities of the pandemic. Documenting those changes will be key to compliance.
Treasuries should be preparing for the dramatic impact digital fiat currencies may soon have, on both their financial statements and their organizational structure.
"The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic," the FOMC said.