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PwC's Tax Bites Podcast

Future-proofing your statutory reporting function (Part 5)

PwC's Tax Bites Podcast

PwC Belgium

Bites, Business, Workforce, Legal, Tax

5.01 Ratings

🗓️ 18 December 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

Future-proofing your statutory reporting function: managing transformations in the STAT & tax function In this fifth and final episode of our mini-series, we want to bring it all together. How do companies deliver in practice on the transformation of their STAT & tax function. How do they start such transformation projects? How do they manage execution and ensure continuity during the transformation? And finally, what does the future hold once the transformation project is completed?...

Transcript

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0:00.0

Hello everyone, welcome to this episode of the Taxbyte podcast series.

0:06.0

My name is Peter and I'm very happy to welcome you to this last episode, this final episode in our series about the future proofing of the statutory reporting function.

0:17.0

For this last episode I have with me in my virtual recording studio, Jorgen Brotas,

0:23.4

still leading our global compliance network within PWC, Lawrence the Bot, or expert in statutory

0:29.3

transformations from a people, process, and technology perspective, as well as Kim de Smet,

0:35.0

who you know from the previous podcast, of course, and who is a member of our global

0:39.6

Stats Center of Excellence. Now, we have reached the final episode in this series about the future

0:47.1

proofing of statutory reporting function. That means that we have already covered a lot in the previous

0:52.0

episodes. We had a look at the typical challenges

0:55.8

and how you can create a framework to define the best suited operating model. We have talked

1:01.4

about the data strategy and how to ensure that you can maintain dual gap ledgers. We talked

1:08.8

about meeting the local stat and tax requirements. We gave some use cases

1:14.0

of a tax ledger and pillar two. So I'm wondering, Jorgen, what can we still cover in this last

1:20.0

session? Thanks, Peter. And today we want to bring these all together through some real-life examples.

1:28.3

We want to give some insights in how companies can deliver in practice on the transformation of the Statent Tax Function.

1:36.3

The objective is to give you insights on how to start and structure stat and tax transformation projects, on how to manage the execution,

1:47.3

and on how to ensure continuity during the transformation.

1:51.0

And then finally, we will obviously also look at the future once a transformation project

1:56.9

has been completed.

1:59.5

Now during the previous episodes, we shared important topics to consider

2:02.9

in a stat function transformation and as you will have noticed there are quite some elements

2:07.7

to be taken into account. It will be key to create a solid transformation plan taking into

...

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