Accounting
HOW CONFIDENT ARE YOU IN YOUR CORPORATE TAX STRATEGY? It May Be Time to Transform the Tax Department
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.
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