![]() ![]() Any change to R2R processes, information, finance systems, roles and responsibilities will have a direct impact on GCR processes. R2R is the intersection between any company's finance and tax departments and is used to capture, process and store information that is essential to statutory accounting, tax compliance and reporting. GCR activities reside in the middle of a broader set of so-called record-to-report (R2R) processes. Governance and control of the above processes.GCR comprises the key elements of a company's finance and tax processes that prepare statutory financial and tax filings as required in countries around the world. There are new opportunities to better optimize efficiency, control and value, to help mitigate risk and improve performance. Our recent survey shows a need for a new approach.ĭue to the combination of evolving business models, transforming finance functions and an increasingly complex regulatory landscape. Many companies distribute responsibility for GCR processes throughout their organization creating a patchwork. Global Compliance and Reporting (GCR) is at a tipping point. Seizing the opportunity in Global Compliance and Reporting.To ensure that continuous performance improvements are instigated after a controversy, we work with EY's other tax professionals to ensure that similar events are less likely to occur.īelow you can access our views and analysis of some of the substantial policy and enforcement trends and issues at play today. Where a controversy has already occurred, our professionals leverage the network's collective knowledge of how tax authorities operate, and increasingly work together, to help resolve difficult or sensitive tax disputes. ![]() We focus on pre-filing controversy management to help you properly and consistently file your returns and prepare the relevant back-up documentation. We also help you address your global tax controversy, enforcement and disclosure needs.
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