WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Wolters Kluwer CT Corporation has released a new episode of the CT Expert Insights Podcast, focusing on the advantages of establishing a holding company to safeguard assets amid economic uncertainty due to COVID-19. Sandra Feldman explains that these structures protect subsidiaries' assets from liabilities, allowing for riskier investments without jeopardizing core operations. However, managing multiple subsidiaries increases regulatory complexities and costs. Companies considering this structure should consult legal experts for tailored advice.

Wolters Kluwer Tax & Accounting recently hosted the second virtual Touchstone Insights for Audit Leaders event, focusing on agile audit methodologies and the internal audit role in ESG initiatives. Over 35 countries participated, highlighting global interest in agile audit content. Jim Dunham emphasized the need for auditors to understand evolving ESG risks. Sessions led by experts discussed efficiency in audit processes and the dynamic ESG landscape. The ongoing study from Touchstone Insights aims to provide real-time benchmarks for internal audit professionals.

Wolters Kluwer’s Governance, Risk & Compliance division has received multiple awards celebrating the leadership of its executive management team. Key highlights include the division’s CEO, Richard Flynn, being named CEO of the Year by CEO Monthly, alongside accolades for marketing leadership and other business line executives. The division achieved over 150 awards in 2021 for product innovation and excellence in customer service. Wolters Kluwer continues to provide expert solutions for compliance and risk management in the legal and banking sectors, further solidifying its position in the market.

Wolters Kluwer Tax & Accounting shares strategies for taxpayers to enhance their tax situations for 2022. As year-end tax legislation remains uncertain, early tax planning is emphasized. Key recommendations include organizing tax documents, tracking new IRS letters related to economic impact payments and child tax credits, updating W-4 forms for life changes, staying alert for tax deadlines, responding to IRS correspondence promptly, and considering professional tax assistance. Tax expert Mark Luscombe underscores that these resolutions can help maximize deductions and credits.

Wolters Kluwer Tax & Accounting announced that its TeamMate+ Agile Audit solution was honored in the New Product of the Year category by the Business Intelligence Group. This cloud-based tool enhances audit efficiency by applying agile principles to risk assessment, enabling auditors to deliver timely insights. The solution has garnered multiple awards in 2021, including the Gold Globee awards for Audit Innovation and New Product in Accounting, and recognition as a global leader in Cloud Collaboration.

Wolters Kluwer's Finance, Risk & Regulatory Reporting (FRR) has secured multiple prestigious awards in the APAC region, notably from Regulation Asia and APAC Insider, highlighting its leadership in regulatory reporting and compliance solutions. The OneSumX for FRR platform was recognized as the 'Best Solution in Regulatory Reporting' for the third time in four years. Additionally, Rainer Fuchsluger, the Managing Director for APAC, received an executive leadership award from CEO Monthly. This recognition underscores Wolters Kluwer's commitment to excellence in risk and compliance technology.