Income tax accounting is complex - it requires knowledge of the income tax accounting model, tax laws and regulations in all relevant jurisdictions, and their combined linkage to all other aspects of accounting.
The evolution of the economic, regulatory, tax legislative, and accounting standard setting environments since the existing accounting was introduced has magnified its shortcomings.
A comprehensive review is needed to reduce the complexity of income tax accounting while improving the relevance and quality of the reporting.
The PwC assurance services practice examines and attests to the financial performance and operations of your business. Beyond financial audits, this PwC practice also provides internal control audits, business and performance reporting, and social, environmental, and other compliance reviews.
More by this author