Gaps in Tax can expose Boards to risk
21 September 2012, Sydney, Australia - The president of tax and accounting at Thomson Reuters, Brian Peccarelli has warned that company directors could be exposing themselves to potential legal liability and reputational risks because of widening communication gap between boards and their tax advisers.
Mr Peccarelli believes addressing the approach is two-fold. Directors need to work harder to get abreast of complex tax issues, while tax advisers within companies need to be more proactive when presenting to boards with potential risks.
We have recently released a number of resources designed to address these areas such as Directors at Work: A practical Guide for Boards and The Natural Presenter. To see more of the selection available please click here.