Internal Control over Financial Reporting - Core

Taxes

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)

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