Tax Reporting Study 2008

Over- Reliance on Spreadsheets Raising Concerns About Data Accuracy and Internal Controls
The study, about the tax reporting process, conducted by Business Finance, included a survey of more than 240 tax and finance professionals at a wide range of companies, both in size and revenue.

The top 3 findings of the study include:

More than 50% of respondents use spreadsheets for the tax reporting process
Organizations spend almost twice as much time collecting data as they do analyzing it
Accuracy of data is the top concern amongst tax professionals

For more details download the Business Finance Tax Reporting Study 2008 at
http://www.longview.com/tax-reporting-study-2008-submission