ASC 740 Center of Excellence

Integrated solutions for tax return compliance and tax provision preparation.

Anthony Fortunato

Anthony Fortunato

Partner, Tax, KPMG US

+1 212-954-2608


Accounting for income taxes under ASC 740 


Tax departments are under increased pressure to do more with less against a backdrop of accelerated reporting deadlines, increasing regulatory deadlines, changing accounting and auditing standards, and global tax reform.

Managing the tax provision under ASC 740 or IFRS with accuracy and speed is perhaps one of the most critical activities for company tax professionals. Confidence in the quality, accuracy, and timeliness is essential, as is having the knowledge and resources to meet technical tax provision requirements as well as manage risk.


How KPMG can help


KPMG’s ASC 740 COE can help clients achieve a faster close, improve tax audit results and provision precision, enhance communications with their external auditors, and enhance deployment of internal tax department resources.