Tax Reimagined: Tax Transformation Webinar Series - Process & Controls

KPMG in Singapore organised the third of the 4-part thought leadership series on effectively transforming your tax function for the future.

Session 3: Process & Controls

Tax authorities, boards, investors and customers have demanded more tax transparency and tax risk management over the last few years. Now, more than ever, companies need to be able to demonstrate that they are continuously in control of tax risks.

Despite this pressing need, many tax departments still lack strong central oversight of their tax operations. Separate local processes can make it difficult to manage the overall tax system, especially if companies operate across different jurisdictions or perform more complex activities.

To bridge this gap, companies need to introduce consistent tax controls across their organisation. This enables tax risks to be managed in a structured and standardised manner, while providing stakeholder transparency and continuous improvement of tax processes.

In this session, our guest speakers shared the following insights:

• The importance of a streamlined efficient process, that is well-documented and replicable, to the tax transformation journey
• What well-defined practical controls look like, and how they underpin a good governance framework
• How a core framework of good processes and controls is a launchpad to further data and technology transformation

If you have missed the live webinar, you may watch a recording of it below.