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Over the last few years, our involvement in several projects, has allowed us to acquire deeper knowledge of the banks operations and reporting patterns, and more specifically on the issues currently encountered by their financial and tax departments. In response to the different issues which CEOs, CFOs, and Heads of Tax have had to deal with over the last several months, a useful overview is provided below of the main challenges related to the alignment of Tax, Statutory and Management reporting processes.
Most of the projects we have undertaken have highlighted issues related to:
- Reconciliation issues;
- Numerous adjustments to be performed;
- Weakness in some external reporting;
- Inconsistency / lack of data required to...
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