Recognize triggers for reviewing your internal controls.
To comply with the Public Company Accounting Oversight Board, audit firms carry on with continued efforts relating to their internal controls. Why are they doing this? Statistics show that financial restatements were due to tax accounting issues or tax-related issues. The numbers tied to these issues aren’t a complete shock due to the burden that companies face with the constantly changing rules and guidelines for tax internal controls. This white paper reviews pertinent areas that can help you and your company improve your tax internal control environment.
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