As tax accounting issues have recently triggered a number of restatements, external auditors have increased their focus on the income tax provision computation, disclosures, and related internal controls. Companies are struggling to comply with the complex and labor-intensive guidelines of FIN 48, and approximately one-third of the material weaknesses reported by calendar year companies under the Sarbanes-Oxley regulations were associated with its income tax provision, further intensifying the scrutiny of this process.

We have experienced professionals who are well-versed in identifying and resolving tax accounting matters as well as the internal control issues associated with the process. Our services are executed with the knowledge of FIN 48, Sarbanes-Oxley, and the related controls and documentation requirements.

Our services include:

• FIN 48 implementation and ongoing compliance
• Sarbanes-Oxley readiness and compliance
• Documenting the tax narrative, identifying the tax controls, establishing a risk matrix, designing test plans, and performing tests
• Resolution of global tax accounting issues and coordination with new IFRS rules
• Compliance with reportable transaction disclosure regulations
• Global tax provision process improvement and remediation
• Global tax provision preparation assistance