True Partners Insights

Pillar Icon
Nine Things That Should Trigger an Internal Controls Review

When’s the last time your company did an internal controls review? Unfortunately, some companies wait until an audit detects a material weakness or significant deficiency in its internal controls before taking action. By then it’s too late. Here are nine strong indicators the status quo of your internal controls is no longer adequate. Overly complex spreadsheets. Spreadsheets are inherently risky in that it’s easy for accidental changes to occur. The more complex they are […]

August 7, 2018

Three Types of Internal Tax Control Risks Every Business Should Consider

When looking at internal controls from a tax perspective, businesses tend to zero in on financial statement risk. And while that’s important, there’s really a lot more to it than that. In order to get a complete picture, there are three broad areas of risk that all companies should take into account. Inherent risk. This is risk that exists due to the nature of the company and its environment. It […]

August 7, 2018

Four Areas Where Tax Technology Reduces Risk

Tax departments are faced with continually increasing complexity and ever-evolving challenges, yet only about 25-30% of mid to large-sized organizations have taken advantage of modern technologies to automate their tax processes. For many of these organizations, the status quo of Excel has simply prevailed. For others, it’s a lack of understanding the true business case behind tax technologies. Often, tax technology is considered only after a deficiency has been found […]

August 7, 2018