Tax Accounting and Risk Advisory Services

Today’s business and tax environment is increasingly complex, there are more and more demands for transparency, tax departments are under pressure to be more effective and highly qualified professionals can be hard to obtain.

To help you respond to these demands, we provide assistance in three key areas:

• Tax accounting: supporting quarterly and annual tax provision calculations, validating tax balance sheet accounts and implementing new accounting standards under IFRS and/or local GAAP
• Tax function performance: improving operating strategy and organization design, tax process and controls and data and systems effectiveness
• Tax risk: identifying and prioritizing key risks and assisting with controls monitoring and remediation

The scope and nature of our services may differ depending on whether you are an audit or non-audit client. What’s consistent is the high-quality service our professionals provide to address your unique needs, throughout the entire tax life cycle of planning, provision, compliance and working with the tax authorities.

Our talented people, consistent global methodologies and tools and unwavering commitment to quality service will help you build strong compliance and reporting foundations, sustainable organizational strategies and effective risk management protocols, helping your business achieve its potential.

It’s how Ernst & Young makes a difference.

IFRS: Ten reasons why tax must be involved

US adoption of IFRS will impact corporate tax departments in numerous and complex ways. This four-page slipsheet (pdf, 78kb) discusses why successful IFRS conversion will require tax departments to be proactively involved in company discussions of IFRS readiness, strategy and planning – right from the diagnostic phase all the way through postconversion review.

Webcast: perspectives on FIN 48 — what's next?

The US Tax Council Policy Institute, with the Ernst & Young Thought Center webcast, held "Perspectives on FIN 48 — what's next?", on Thursday 12 July 2007. A significant number of companies adopted FIN 48 in the first quarter of 2007. This webcast provides insights into the FIN 48 implementation process, challenges encountered, issues addressed, and lessons learned. Watch the archived webcast.

What high-growth companies need to know about risk

Tax risk On 14th July, EY professionals and Fortune 500 company executives joined together on a webcast to discuss the important facets of tax risk management as part of a comprehensive risk management program. A webcast archive is now available for viewing in both webcast and podcast format.

The tipping point: where tax risk and Internal Audit meet

However good they are at managing technical tax risk, tax functions can face a challenge when they attempt to consider how tax risk arises in, and impacts on, the wider enterprise. A paper titled "The tipping point" (pdf, 228kb) examines the types of enterprise tax risk issues that organizations face and highlights leading practices that we are beginning to see as tax and internal audit increasingly work together.

Thought Center client webcasts

We have produced several Thought Center webcasts. The replays can be found at: www.ey.com/webcast.

Tax documentation goes global

In an era of globally integrated business, a comprehensive tax documentation and retention policy is increasingly vital for multinational organizations. We examine the rules in force in 16 countries around the world and sets out what we believe good tax documentation should cover.