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One big four firm has looked into the approach Australian firms, including those in professional and financial services, take towards carrying out tax functions, finding high use of Excel across the board and a general discontent with tracking meaningful data.
EY’s 2017 Tax Function Survey of tax professionals from 170 private and public Australian companies, found that 40 per cent were still using Excel, with more than half of the respondents still sourcing data manually.
Read the full article on Accountants Daily.