As income tax provision reporting requirements become increasingly complex, professionals are working harder to comply with tax accounting standards under US generally accepted accounting principles (GAAP) and International Financial Reporting Standards, or IFRS. And with tax reform passing late in 2017, there are several additional disclosures and exercises with new and lasting impacts—making compliance even more complicated.
Controls around the accounting for income taxes can be a critical source of material weakness in a company’s internal controls over financial reporting. Accounting for income taxes can also be a primary reason for restating financial statements.
Our industry-smart tax professionals can help. They’re technically proficient in the many aspects of tax accounting and compliance and skilled in the tax technology products available in today’s market, including ProSystems, OneSource, Corptax, and QuickBooks, as well as broader enterprise-enabled systems such as ERP and financial reporting consolidation platforms.
Here are a few ways we can help your company:
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