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MANAGING THE IMPACT OF FIN 48
Audit committee member for Merrill Lynch and AES Corporation and former commissioner of the Inland Revenue Service, Charles Rossotti, was recently quoted as saying:
"The release of Interpretation 48 is yet another proof point that corporate tax departments will have to increase quite substantially the rigor and transparency of their procedures. One of the ways that tax executives can meet today's more demanding requirements is do what other major businesses have done, which is to take more advantage of the power of technology to increase accuracy and transparency as well as operational efficiency."
In this complimentary webcast, we will explore how Liquid Engines’ FIN 48 software solution — named GPM — can help you meet today's demanding requirements. By providing a secure, controlled framework for identifying, evaluating, measuring, and documenting tax positions — across entities, jurisdictions, and periods — GPM helps tax departments efficiently and accurately comply with FIN 48 and other standards.
Unlike spreadsheet-based systems or workflow tools, GPM is specifically designed to complement your existing provision process by helping you manage, measure, and report on global tax positions and their impact on the financial statements. Within an integrated application environment, GPM provides centralized tracking of tax position data and supporting documents, embedded workflow, built-in FIN 48 business logic and accrual calculations, and flexible reporting tools to meet internal and external reporting requirements.
Attend this webcast and learn how GPM can help you:
- Create a best-practices model to manage tax positions and comply with FIN 48 and other current standards
- Increase the efficiency and completeness of the tax reserves process
- Reduce risk by meeting internal and external reporting requirements with improved control and consistency
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