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Implementing the Global Statutory Reporting Maturity Model

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Authors

Workiva, Journal of Accountancy

Pages

14 pages

Key Takeaways

  • Organizations have invested in sophisticated systems to record, close, and consolidate data—however, the data integrity and efficiency gains fall away when teams have to manually aggregate and update the data for statutory and tax reporting
  • We have found that reporting teams typically fall into one of five stages of maturity based on their processes and patterns
  • This maturity model is intended to help organizations assess their current capabilities and track their progress toward an ideal state for global statutory reporting

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