Richard Cornelisse

Benchmarking VAT/GST Control Framework against a golden standard

In Business Strategy, Indirect Tax Strategic Plan, Processes and Controls on 02/06/2014 at 12:00 pm

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KEY Group’s core expertise is designing, improving, implementing VAT/GST compliant processes and testing the effectiveness of a VAT/GST Control Framework. To test such a framework a tailor-made exercise is needed as every industry has besides generic risks its own specific risks.

Our normative VAT control framework

The KEY Group has developed a golden standard for VAT/GST controls: our normative VAT/GST Control Framework. The current state (IST position) of the company is measured against this golden standard (SOLL position), generally resulting in a summary of gaps.

Analysis of these gaps and the associated risks may lead to acceptance or to proposals for improvement. It is an efficient and effective approach to challenge relevant process owners.

Flyer KEY Group VAT Control Framework-signedDownload leaflet


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