In today’s evolving regulatory environment, global compliance management has become an increasingly complex and risky area. Operating in numerous countries requires coordination of subsidiaries with diverse accounting practices, legislative environments and local business customs. Multinational groups often struggle to oversee local tax compliance, group GAAP tax reporting and local statutory filings.
Companies are looking for increased control, oversight and visibility over foreign tax compliance, accounting and preparation of financial statements. However ensuring effective management at a minimum cost is not easy. The costs and risks of addressing these issues with in-house resources are often prohibitive.
As groups increasingly centralise their finance and accounting functions, the risks of compliance failure also grow. Companies typically struggle to fund internal investment necessary to ensure the ongoing integrity of compliance processes and to realize the performance improvement potential that centralization brings.
Our Global Compliance Services (GCS) network, part of our broader Tax Management & Accounting Services (TMAS) practice, comprises a network of local country compliance service teams, supported by proven process, technology and effective central coordination. Our GCS network offers coordinated compliance services spanning:
Each of these services is overseen by central/regional Client Relationship Managers. Our services are also underpinned by our GCS WorldView technology, helping us coordinate worldwide activity and giving you online oversight and access to the information you need.
Our GCS network provides you with: