Compliance — the word suggests routine regulation and lacks fizz but what a difference a few years make! There has been a real change in the way tax compliance is perceived in-house.
With the dawn of Sarbanes-Oxley and more recently the SAO rules compliance is at the forefront of many FDs' minds.
Obviously at more senior levels within tax there will always be a strategic element to these positions but you can bet your bottom dollar that a close eye is being kept on the ETR and how it can be controlled.
The impact has also had a ripple effect on the profession and many firms are growing their compliance management teams so they can offer this service line to clients going forward.
In the US there has always been a recognition that compliance is on a par with tax planning and positions are equally...
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