Page 3 of 3: Performance Requirements for the Indirect Tax Function
To establish clear performance requirements for the indirect tax function, consider the following non-exhaustive overview as a guideline. This framework focuses on indirect tax planning and regulatory compliance, aimed at adding value to the company’s overarching business priorities.
A key objective of the Internal Audit function is to use a risk-based approach to provide comprehensive assurance to the Board and senior management that the organization’s material risks are managed efficiently and effectively. Engaging Internal Audit is essential for establishing meaningful change and ensuring that risk management practices align with the organization’s strategic goals.