Accounting
HOW CONFIDENT ARE YOU IN YOUR CORPORATE TAX STRATEGY?
What keeps corporate tax department executives up at night? How about the risk of signing off on an incorrect tax return? Or worse yet, what about a career-threatening, tax-related restatement? As corporate tax complexity increases, so does the risk of mistakes, penalties, and missed opportunities. For instance, 14 percent of U.S. firms reported material weakness or significant deficiency from financial statement auditors with respect to tax, according to a survey conducted by the Tax Executives Institute.1
The operational effectiveness of the tax department is now more critical than ever and today’s tax department leaders are looking for ways to minimize risk and provide high-value strategic planning and insight. In fact, Jeff LeSage from KPMG states that with as much as 40 cents of every dollar at stake, better tax management is a competitive necessity for CFOs and tax departments.2
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