Posts Tagged ‘Interim Provisioning Process’

Since the onslaught of SOX, Accounting for Income Taxes has been, and continues to be, one of the leading causes of material weaknesses in a company’s internal controls.   

Tax 2.0 has recognized a growing trend; CFO’s and Controllers seem to be losing confidence in the tax department’s ability to accurately account for their income tax positions.

To quell this sense of unease some companies have shifted the responsibility for managing their tax provisions and related accounting from the Tax department to the Accounting department.  Others have created the new position of “Tax Controller.”

Now, we would like to post the following questions to the Tax 2.0 community.

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Vertex Corporate Taxation Webcast Series
Challenges in the Interim Provisioning Process - Is Your Quarterly Effective Tax Rate Becoming More Volatile?
Date:  Tuesday, December 9th at 2pm EST

For today’s multinational corporations, interim provisioning is becoming more challenging. With quarterly changes to FIN 48 positions and various discrete items, the volatility of effective tax rates continues to rise. Corporate tax executives need full transparency into their interim provisions in order to assist CFOs in managing inquiries by their boards, auditor and investors.

This webcast will discuss:
• The current provision landscape, globalization and FIN 48
• How these issues are impacting companies including forecasting annual effective tax rates and the projected effect of 141R
• What companies are doing to meet the challenges they face

Visit Vertexinc.com for additional information.