Control Intelligence

AI Analysis Results

Tax Provision & Filings — Tax Compliance

Back to Sub-Process
75
/ 100
Adequate
Overall Sub-Process Rating
Adequate — Control exists and operates; minor enhancements possible.
1 control evaluated4 strengths identified2 gaps identified
Executive Summary

The Tax Provision & Filings process demonstrates adequate controls overall, with most key controls designed and operating as intended. Certain areas require enhanced documentation or monitoring to close identified gaps, but no material weaknesses were noted during the assessment period.

Strengths
  • Tax provision calculations are reviewed by qualified tax... is consistently executed
  • Exception reporting is generated and reviewed timely
  • System-enforced controls reduce reliance on manual procedures
  • Key controls are documented in a centralized repository
Gaps
  • Access recertification cadence does not meet policy requirements
  • No automated alerting for control threshold breaches
Recommendations
  1. 1Conduct an annual control design assessment aligned with framework updates
  2. 2Automate exception detection and route alerts to control owners within 24 hours
  3. 3Implement a workflow tool that captures reviewer identity and timestamp for all approvals
Framework Mapping
COSO 2013
Principle P10
SOX 404
ICFR.TAX.PR.01
IIA Standards 2024
IV.9.2

Control-Level Breakdown (1)

TX-PR-01AdequateScore: 77/100
Tax provision calculations are reviewed by qualified tax personnel.
Key Finding

The control is in place and generally operating as intended. Tax provision calculations are reviewed by qualified tax personnel. Minor documentation or timeliness gaps were noted but do not represent material risk.

Recommendation

Enhance documentation and monitoring for: tax provision calculations are reviewed by qualified tax personnel. Ensure review evidence includes timestamps and reviewer identity.

Framework Tags
COSO P10ICFR.TAX.PR.01IIA IV.9.2