Tax Practice > Tax Risk Management and Controls

Tax Risk Management and Controls

• Assess the areas of uncertainty and underlying causes.
• Determine risk and where possible quantify risk associated with the areas of uncertainty.
• Assess the risk appetite for the risks identified.  Establish template for ongoing monitoring of appetite and related risk, if required.   
• Ensure risk appetite is aligned with corporate strategy (this may be performed also as part of a review of the tax policies).
• Design, document and test controls over risks.  Establish template for ongoing monitoring of controls, if required.