Taxes

This library of Internal Control over Financial Reporting (ICFR) Playbooks provides a set of fully loaded and editable templates that represent the core of what is generally required by management (including process owners), boards of directors and their audit committees, as well as internal and external auditors of organizations of all sizes and industries to document, assess, test, report and oversee the design and operating effectiveness of the typical key internal controls on which management is reliant to prevent and detect material misstatement and fraud in accordance with relevant regulatory and corporate mandates.

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What is the Taxes Playbook?

The Taxes Playbook addresses the following areas:

Policy and Procedures
Segregation of Duties (and access rules that support SOD)
Provision Compilation
Jurisdiction Rules and Tax Code Usage
Accounting for Permanent and Temporary Differences
Maintaining Clerical Accuracy of Provision
Maintaining Consistency of Tax Provisions and Deferred Items with Tax Return
Intercompany Transactions Management
Payment Approval Process
Transaction taxes (sales and use tax, VAT, GST)
Master File Maintenance
Financial Reporting (including segregation of duties and related access rules), and
Additional Considerations (IPE and Management Review Controls)