In this chapter published in “Transfer Pricing & Dispute Resolution: Aligning strategy and execution,” Sabera Choudhury provides an update on recent developments in transfer pricing. Her chapter includes risk management, compliance, Action 13 incorporation into Chapter V or the 2017 OECD guidelines, disputes in the transfer pricing audit process, and the current audit landscape with recent case study examples. Published online by the International Bureau of Fiscal Documentation, the book is edited by A.J. Bakker & M.M. Levey and is available by subscription.