Section 404 of the Sarbanes-Oxley Act, as well as other regulations, require your senior executives to attest to the extent and effectiveness of internal controls as they relate to financial reporting. Controls in the tax function represent a critical component of compliance with these regulations. Yet many companies do not have even basic tax function controls in place.
Make sure you have the controls necessary for timely and accurate information–data that feeds everything from basic Financial Accounting Standard (FAS) 109 calculations to those for tax reserves, provision analyses and financial statement information for your external auditors. Our sophisticated database repositories can help you maintain, update and assess your controls over time.
We can perform a detailed assessment of your tax function controls to let you know what you are doing well and where you need to focus more efforts.
If yours is a multinational company, know that our work does not stop at the water’s edge. Deloitte Tax LLP can help you evaluate internal controls in your international operations, so that you can avoid unpleasant surprises that extend across your entire organization.
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Last Updated: May 5, 2006
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Source: Deloitte & Touche USA LLP - United States (English)
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