Improving the process of preparing monthly client tax returns of an accounting firm

Date of Publication

5-2022

Document Type

Master's Thesis

Degree Name

Master of Business Administration

Subject Categories

Taxation

College

Ramon V. Del Rosario College of Business

Department/Unit

Management and Organization Department

Thesis Advisor

Raymund B. Habaradas

Defense Panel Chair

Benito Teehankee

Defense Panel Member

Frances Jeanne Sarmiento
Fitz Gerald Balba

Abstract/Summary

Internal control is an aspect that every organization needs to design and implement in order to achieve its operational, reporting, and compliance objectives. This action research focuses on improving the internal controls of an accounting firm in its monthly client tax returns preparation process. Data was gathered by using the different tools of inquiry in the first-, second-, and third-person perspectives. The researcher was able to identify that the firm lacks a detailed review procedure before the final review and approval. Through several inquiries and conversations, the researcher was able to convince the firm’s managing partner on the importance of a detailed review and to implement the added control to its six (6) largest clients. The use of a review checklist was then implemented after the initial run to improve the efficiency of detailed review withs the goal of gradually increasing its coverage.

Abstract Format

html

Language

English

Format

Electronic

Keywords

Tax return preparation industry; Tax returns

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Embargo Period

6-17-2022

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