Managing spreadsheet risk in the tax function Bookmark has been added
Managing spreadsheet risk in the tax function
Spreadsheet technology continues to be a prevalent support tool for tax-planning and compliance activities. However, as these activities gain complexity and receive increased attention from numerous stakeholders, tax departments may need to refine their approach to spreadsheet management.
Elevating use of spreadsheet technology
In this report, Deloitte explores the challenges and risks associated with end-user computing technology, which includes how tax departments can elevate use of spreadsheet technology for tax-planning, provision, and compliance activities by moving from ad hoc calculations and reports to a standard and governed analysis program.
In addition, the piece includes responses to polling questions posed to executives during a Dbriefs webcast on which tax process they most heavily utilized spreadsheets, percentage of team's time spent administering key spreadsheets models vs. using them to calculate the desired results, and what they viewed as the greatest benefit to their tax departments from analyzing spreadsheets using an analytics approach.