Regulatory Complexity and the Convergence of Direct Tax and Financial Close Processing, presented by Wolters Kluwer - American Institute of CPAs
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Traditionally, tax processes have been treated separately from financial reporting processes, resulting in data silos and a lack of visibility into the tax implications of financial transactions. As regulatory change and scrutiny increases and becomes more complex the need for integrated tax and financial accounting systems becomes more pressing. Integrating tax-related data and processes into the financial close and consolidation process helps ensure that tax-related data is accurate and consistent with financial reporting requirements. This “Convergence” includes incorporating tax data into financial statements, automating tax calculations, and streamlining tax reporting processes, resulting in process efficiencies, reduced risk and shorter compliance cycles.
Learning Objectives:
Assess potential impact/s of Global Minimum Tax regulatory changes
Determine how single platform accounting system’s integrative capabilities eliminate data silos, improving the FC&C, Direct Tax and FP&A functions under the purview of the CFO
Speaker(s):
Chuck
Moss,
CCH Tagetik NA, CP & ESG,
Lead Technology Product Manager - Direct Tax,
Wolters Kluwer
Matt
Gregory,
Digital Consulting Senior Manager,
Huron
Category:
Concurrent Session (Onsite and Online)
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