Tax risk control frameworks- Managing tax risks with clarity and confidence

Description

Introduction

Tax Authorities must have solid risk management best practices in place in order to deliver services within specified time frames, budgets, and quality requirements. Proactive risk management in Tax administration allows decision makers to optimize results by implementing proven tools to plan for both threats and opportunities.

In Tax administration, it is inevitable that something can and will go wrong. The difference in successful risk management is adequately assessing the risks and then executing a successful risk response.

Course Content

• Overview of Tax Risk Management
• Tax Risk Control Framework
• Characteristics of a sound control environment
• Where the value created
• Risk Management Planning
• Writing Risk Statements & Register
• Risk Management and Insurance
• Tax Risk Monitoring and Control Tools

Learning Outcomes

• Apply scalable templates for Risk Management Plans, Risk Registers and Risk Assessment Matrixes
• Leverage a proven qualitative risk-analysis process to guide your risk management decisions