Mikhail Begunov
The client was interested in a number of services regarding the transition to tax monitoring (hereinafter referred to as TM): - diagnosing readiness to join the TM with the development of recommendations and a roadmap; - finalization and formalization of the internal control system in terms of the tax function and the tax risk management system in order to comply with the requirements of the Federal Tax Service of Russia; - preparation of a package of documents in the formats approved by the Federal Tax Service of Russia for submission upon entry into the tax monitoring regime; - development of requirements for the information system of tax monitoring for the possibility of providing access to it to the tax authority; - development of requirements for electronic archive;
Diagnostics of the Company's readiness to join the NM was carried out, a road map was developed. Improved and formalized systems of internal control and tax risk management. A package of documents for entry into the NM has been prepared. The documents, including the regulation on information exchange and regulations on internal control and tax risk management systems, have been agreed upon and successfully adopted by the tax authority. Requirements for the tax monitoring information system and electronic archive were developed, discussions were held with the developers. The documents have been agreed upon and successfully accepted by the developers.
Development of a description of a comprehensive internal control system and requirements for automation of control procedures
Development of a description of a comprehensive internal control system and requirements for automation of control procedures
Mikhail Begunov
The client was interested in providing the following services: - development of a detailed description of the risks of the financial function (including accounting, formation of regulated reporting, planning and budgeting, treasury); - development of a description of control procedures covering the specified risks; - formation of a risk matrix and control procedures with analysts necessary for the Company; - development and implementation of documents regulating the definition of the boundaries of the internal control system of the financial function, updating its description, testing the effectiveness of the design and operational effectiveness of control procedures, conducting a procedure for assessing the effectiveness of the internal control system by the Company's management;
An analysis of the business processes of the financial function was carried out, risks and controls were described, and a matrix of risks and controls was formed. Documents regulating the functioning of the internal control service, as well as a package of applied documents, have been formed. Requirements for the automation of control procedures and recommendations for further improvement of the internal control system have been developed.The company highly appreciated the results of the project and the effect of the introduction of a comprehensive internal control system - the results of the project helped to increase the management's confidence in the correctness of accounting and reporting data, the timeliness of payments, the completeness and correctness of budgets, reduce the risk of errors and inaccuracies, and increase the responsibility of employees.
Preparation of documents for joining the tax monitoring system, updating accounting policy for tax accounting purposes
Connection to the tax monitoring system and reducing the risk of additional additional tax assessments.
Yulia Pavlova
Within support of the procedure of transfer to tax monitoring the client was rendered services on preparation of documents according to the requirements of the Federal Tax Service Russian FTS. In particular, it was actualized and brought in compliance with the effective tax legislation, the accounting policy for tax accounting purposes, documents regulating the company's internal control system were prepared of the company, and prepared tables and data on coordinators of of subdivisions and levels of control within the company.
Successful work on the analysis and preparation of documents required for the transition to tax monitoring, as well as interaction with the tax authority to address procedural issues in connecting to the tax monitoring system, allowed the client to take advantage of the transition to this mode of tax control and reduce the risk of additional additional tax assessments.