Governance checklist for transfer pricing

Question	Checklist
1	Do you know the nature and extent of your cross-border associated party transactions?
2	If material, do you have documentation in support of the transfer prices and is this documentation kept updated (especially for changes in functions, assets or risks)?
3	In compiling this documentation, have you critically evaluated all intercompany agreements?
4	Does the documentation explain: value adding functions of various parties to arrangements? actual conduct of the parties? how key risks are managed and controlled by the parties?
5	Has your local management and finance function been fully involved in the documentation process and signed off the factual analysis, as well as the final outcomes?
6	Have you given due consideration to an advance pricing agreement? If not, why not?
7	Consider overall reasonableness of result — do they make sense as to New Zealand value add?

Te arowhai whakahaere mō ngā utu whakawhiti Governance checklist for transfer pricing