Morning session
• Refresher covering key principles of preparing documentation
• The importance of functional analysis and characterisation of transactions
• Common mistakes in the preparation of functional analyses and how to get it right
• Principles and rationale for economic and benchmarking analysis
• Alternatives available for testing related party transactions, are databases the only option?
• Are searches and benchmarking analysis always required? How to identify exceptions?
Afternoon Session
• Hands on case study using databases
• How to test:
• service transactions
• buy/sell transactions
• intercompany loans
• Do and don’t’s when testing related party transactions
• How to identify ‘blind spots’ and key tips to minimise risks related to benchmarking analysis
• How to implement the results of benchmarking analysis
• Examples of how the implementation can go wrong.