What accounting records should be shared to assess FEC compliance ?

The documents to be shared on our secure platform are the accounting entries file, the closing balance and the information sheet (if existing).

How are the FEC and the closing balance used to build the tax return analyzed by FEC 4.0 ?

Your tax documents are subject to two assessments: The compliance assessment analyzes the technical, accounting and framing aspects. The tax assessment analyzes the tax data to identify potential adjustments or issues that the administration may raise.

How does PwC work with data analysis ?

After the transmission of your accounting documents, the experts deliver the balance in a predefined format common to the review automation. The closing balance is also formatted to be analyzed by the solution. If you have not submitted a data sheet, the PwC experts will search for the information in the FEC. Once all the data is loaded, the analysis of your data is based on the same methodology used by the tax authorities. The team dedicated to dematerialized taxation and computerized controls provides insight into the tests performed by the solution. It is accompanied by all of the firm's expertise (corporate tax, VAT, transfer pricing, local taxes, etc.) to customize your summary reports according to your needs and your activity.

Is it possible to have a feedback of the tax and compliance review?

It is possible to organize the interactive presentation of the results within our immersive space dedicated to strategic thinking: the PwC Delta Room. This context allows for immersion, sharing and collaborative work, while navigating through the data.

Compliance

Tax & Legal

Asset-based expertise

FEC 4.0

Name: FEC 4.0
Uploaded: 2023-12-18T12:00:00+00:00
Duration: 1 min 7 s
Description: FEC 4.0

Check your FEC compliance and anticipate tax risks

Book a demo

Your challenge

Since 1st January 2014, companies in France have been required to keep an electronic record of journal entries for the year, known as "fichier des écritures comptables", or FEC.

The benefits of FEC 4.0

Time saving

Within a few days, you get your results and can start to regulate the situations identified at risk.

Access your data at the most detailed level

Your data is treated securely with no risk of exposure.

Check the quality and compliance of your FEC file

Before handing over your file to the tax authorities, you can be sure to identify the risk areas in advance.

Anticipate tax audits

You can prepare for your FEC file with peace of mind by identifying risk areas and anticipating questions from the tax administration.

"The accounting records file is now the keystone of the digitalization of tax auditing. The use of the FEC by the administration has reached a cruising speed. The auditor general is now able to establish a very detailed accounting compliance report. The number of formal notices in the rectification proposal to bring the information system into compliance with French accounting rules for the audited entity is increasing, as are the specific subjects of adjustment. In this context, in order to avoid the application of penalties or even the rejection of the accounts, the subject of the accounting and tax compliance of the FEC must imperatively be treated before the tax audit by a detailed analysis of the files."

Jean Sayag, Tax Partner & Lawyer at PwC Société d'Avocats

Characteristics of FEC 4.0

Testing tool of FEC

Legal and tax departments

Businesses of all sizes

Secured Platform

Data collection

The SecureShare platform has been specially designed so that you can securely share large files, including your FEC file, your accounting closing balance and your information sheet, if necessary.

Data analysis

The solution processes your accounting documents in detail to check that they comply with tax regulations and identify areas that require correction or further investigation.

Automatically generated turnkey report

Your results are compiled into a detailed report by PwC’s tax experts. The technology also creates clear, easy-to-read graphs and dashboards. This gives you an overview of all non-compliant areas.

Analysis of results by PwC teams and customisation

We can organise an interactive workshop in one of our Delta Rooms where we present and discuss our findings using our data visualisation tools. This will give you greater insight into the tax system and help you to make your FEC file preparation process more reliable.

Access to the finest mesh of your data

The data files generated by our tool will allow you to analyze areas of non-compliance and will be a solid working tool for the analysis and remediation of identified non-compliance issues and risks.

Differents steps for using FEC 4.0

Step 1

Transmit your accounting documents on the secured share platform

Step 2

PwC teams format scales for automated review

*If you did not provide the information sheet, the experts will search for the information in the FEC

Step 3

The data are analysed according to the methodology of the tax administration

Step 4

Edition of a customed report following 150 checkpoints, enlightened by PwC experts

Step 5 (Optional)

Interactive presentation of results in the immersive space dedicated to PwC’s strategic thinking

Pricing

FEC Compliance Review

Option 1 : Access to a detailed of data (KO files), 500 €
Option 2 : New version of the compliance review, 1.000 €

*2.500 € with restitution

800€

without restitution

Tax and compliance review

Option: New version of the FEC conformity report, 1.000 €

5.000€

with restitution

Compliance, tax and in-depth syntactic review

10.000 €