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100-minute live streaming program
  • April 20
  • 1:00 - 2:40 pm EST

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OnDemand Course

Understanding Complex Internal Control Issues

April 20

Gain a deeper understanding of tax internal controls and the existing external environmental factors impacting them.

Tax departments are faced with an ever-changing landscape of technical issues to deal with and are often left with an inadequate amount of time, or an appropriate process, to identify areas of increasing tax internal control risk. Before you can begin to understand and address these areas of risk, it is important to have a deeper understanding of the internal and external environment which is creating risk and complexity while at the same time being armed with the ability to identify and remediate any gaps with your current environment. This material will arm you with a deeper understanding of tax internal controls and the existing external environmental factors impacting them. Additionally, you will be able to leverage some of the learnings and tools provided, which will allow you to better manage and address this complex area of internal controls risk from a tax perspective.

Learning Objectives

  • You will be able to define tax internal controls.
  • You will be able to describe in detail what are the elements/qualities of a strong tax internal control environment and process.
  • You will be able to identify potential tax internal control risk areas within your environment.
  • You will be able to review and assess your current process on a regular basis.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction – Complex World of Tax Internal Controls
Tax Internal Control Risk – What Is It?
  • Technical Risk
  • Process Risk
  • People Risk
The External Environment
  • Third-Party Audit Firms
  • PCAOB Focus Areas
  • Documentation Requirements
Design of Tax Internal Control Environment
  • Risk Control Matrix (RCM)
  • Process Flows and Narratives
  • Key and Non-Key Controls Defined
  • Change to Control Environment
Assessing and Remediating Risk
  • Tax Maturity Assessment
  • Gap Analysis
  • Prioritizing Risk
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on April 27, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 2.0 including Specialized Knowledge 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for accountants, auditors, tax managers, CFOs, controllers, business owners and managers, presidents, vice presidents, CEOs, risk managers, bookkeepers, compliance officers, and consultants.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

John P. Bennecke

John P. Bennecke

True Partners Consulting

  • Regional managing director and national service line leader of True Partners Consulting
  • Leads the Tax Process and Control Advisory Services Team (nationally) and Federal Tax practice in Chicago; in addition to his leadership responsibilities he manages tax compliance and consulting for large and mid-size multinational corporate entities, comprised of both public companies and privately held organizations; in this role he provides services in the following specialty serve offerings; Accounting for Income Taxes (ASC740), Tax Provision and Compliance Automation, and Tax Internal Controls Design, Testing, Implementation and Remediation; he also serves on the firm’s accounting periods and methods team, and is actively involved in the Firms federal training
  • Frequently sought-after speaker; he has most recently spoken for Bloomberg/BNA, Institute for Professional in Taxation (IPT), The Chicago Tax Club, and previously for the American Institute of Certified Public Accountants, the American Accounting Association, the Institute for Professionals in Taxation, Tax Executives Institute Thomson Synergy National Users Conference, and Corptax Annual Users Conference
  • Before joining True Partners, he was a senior manager with the lead tax services practice of Deloitte Tax, LLP in Chicago; his 25+ years of experience encompasses both public accounting and industry
  • Belongs to The City Club of Chicago, the Chicago Tax Club, the American Institute of Certified Public Accountants’ tax section (former), and the National Association of Tax Practitioners
  • Has served on the Board of Directors and is the chair of the revenue development committee of Cara, a nationally recognized Chicago based not-for-profit which provides job placement and educational training for Chicago’s homeless and adults in transition; he also is on the Boards of Clean Slate and 180 Properties
  • B.S. degree, DePaul University; Masters of Jurisprudence in Business Law, Loyola University’s law school and Northwestern University, Kellogg School of Management
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408366
Published 2018, 2021
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