Tax Practice > Rationalization of Tax Provision And Compliance Processes

Rationalization of tax provision and compliance processes

• Document each and every step being performed in order to complete the processes.
• Challenge the source and necessity of each step and resulting information/estimate to the overall process using two major parameters.  The parameters are audit materiality (deminimus levels) and the incremental work required to achieve correct information for compliance filing.
• Rationalize /adjust the steps to complete the processes more efficiently.
• Document each step and prepare a reference binder which can be updated by client as required.