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How will you process accounting data to comply with tax reporting requirements?

How will you process accounting data to comply with tax reporting requirements?

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Accounting data must be processed to comply with taxation reporting requirements. To fulfill it is vital to maintain up-to-date tax modules in the accounting systems, with all outputs (such as ledgers, accounts and reports) reviewed for completeness and accuracy, including procedures to deal and detect with system output or accuracy errors. It should regularly checking that the procedures and policies related to data are up to date with current tax laws. Also regularly reviewing the arrangements related to tax governance will help to ensure to comply with tax reporting requirements

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