In the second of a series of articles Richard Hall and Stephen Callahan of KPMG Tax Investigations address reporting for tax in the context of Section 404 of the Sarbanes-Oxley Act
In the first article of this series we talked about the background to SOX 404 and why tax is relevant. The key points were that the figures are very large and that tax reporting critically depends on judgement. In an internal controls environment however skilled the practitioner judgement basically equals risk. It is the combination of big figures and significant risk that has led the SEC to stress the importance of tax in SOX 404 reporting.
In this article we are going to start looking at how groups address dealing with SOX 404 in practice.
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In the second of a series of articles Richard Hall and Stephen Callahan of KPMG Tax Investigations address reporting for tax in the context of Section 404 of the Sarbanes-Oxley Act
In the first article of this series we talked about the background to SOX 404 and why tax is relevant. The key points were that the figures are very large and that tax reporting critically depends on judgement. In an internal controls environment however skilled the practitioner judgement basically equals risk. It is the combination of big figures and significant risk that has led the SEC to stress the importance of tax in SOX 404 reporting.
In this article we are going to start looking at how groups address dealing with SOX 404 in practice.
...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
