This work program reviews key tax processes and systems related to a company’s U.S. operations. It focuses on the following specific risks: general testing, systems and data, income tax compliance, income tax accounting function, real estate property taxes, and personal property taxes.
Sample work steps include: obtain copies of the departmental P&Ps and review them; inquire with management to determine that the tax compliance department, income tax accounting function, and property tax department documents are maintained, standardized, organized, and in accordance with company policy; and determine whether the established KPIs are reasonable and if any additional KPIs should be considered.
Risk & Control Matrices - RCMs
Policies & Procedures
Tax Accounting Policy