Finance and Accountancy Briefing
CCH Integrator: Evaluating tax provision solutions
Ever since the passage of the Sarbanes-Oxley Act of 2002 (SOX), income tax accounting and tax provision have taken on increased importance and urgency for corporate finance departments and executives. As a result, "close" is no longer good enough. CFOs and auditors alike have placed increased focus on tax professionals to develop a supportable tax provision process and FIN 48 analysis that enables data confirmation, audit trails, sign-off and control capabilities.
That increasing pressure, combined with the efforts of some vendors to leverage fear into driving increased sales, has created considerable confusion in the market. This whitepaper attempts to dispel some of the myths and provide a framework for evaluating tax provision solutions, with the hope of enabling tax professionals to make an informed decision based on the unique needs of their organisations.
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