Accounting for Income Taxes continues to be one of the leading causes of financial statement weakness, deficiencies, and restatements. The critical audit matters communication in the auditor’s report continues to highlight the complexity and challenges companies have accounting for income taxes under ASC 740 and IAS 12.
Tax departments are expected to do more with less against the backdrop of accelerated reporting deadlines, and business, legislative and regulatory changes, including the adoption of new accounting standards, and global tax reform. These factors create a high-risk environment that tax leaders are required to manage.
Tax Accounting and Provisions Services bring a variety of experiences and solutions, technical analysis, and transformation solutions to meet the needs of our clients.
Whether you are accounting for income taxes under US GAAP or IFRS, these services are tailored to meet your specific needs by assisting clients with:
Preparation (review) of quarterly and annual income tax provisions, including: