Material Weakness Triggers

Tax law changes such as the CARES Act and the Tax Cuts and Jobs Act are causing serious complications for financial reporting, with the suddenness of these shifts sometimes triggering a material weakness for companies.

Understand the consequences of revalued tax assets and liabilities with our report, Anatomy of a Material Weakness: Did the CARES Act Trigger a Material Weakness in Your Financial Reporting?

Explore topics including:

• Why asset-intensive companies often have large deferred tax liabilities
• The impacts of changes to net operating loss rules
• How state conformity decisions create the potential for large swings in state taxable income
• Serious risks to the process of accounting for income taxes
• Root causes of material weakness

Download this special report today.