Types of Tax Audit Reports

Posted by Flynn Brodersen on May 12th, 2021

The following types of reports are ready in the everyday practice of the audit section: - Confidential reports - Audit reports - Inspection Acts - Verification Acts - Ascertainment Acts - Confidential reports are prepared by the auditor who presents them to the top of LTO in case of tax fraud detection or evasion in high values or special situations. These reports briefly describe the findings and the arguments to begin a study in cooperation with economic crime structures, judicial police and the preliminary needs for additional audit resources. Confidential reports may also be presented once the auditor considers it reasonable that certain problems remain confidential until they are discussed with the Head of LTO. - Audit reports are prepared based on the audit program, describing its implementation and findings during the audit. This type of report should meet the following requirement: a. It must be accurate, supported with facts, explicit, complete, concise, non-emotional, non-personal, objective and timely. b. Findings should comply with program requirements and be supported with appropriate justifying documents; c. Conclusions should comply with the findings and serve to minimize violations and unreal declarations later on; audit report d. The audit content should state the auditor's ascertainments using the findings; e. The form, content and structure of the report should match certain requirements of this Manual. - Inspection act is really a report prepared by the auditor upon a request from the head of section. These reports describe the situation and progress in the implementation of the fiscal visit to the taxpayer at a particular point in time, findings, problems and barriers, respect of deadlines for finalizing the audit, needs for additional audit resources, etc, along with other needs. After having received the inspection act, the head of section, when necessary, assigns additional duties and takes additional measures to continue with a complete audit and implement the additional program. - Verification act is really a report prepared when it is necessary to verify information, duties assigned by superiors or verification cases with a particular object c the head of section and Head of Large Taxpayers Office. The verification act includes a description of the duty and its execution and has regarding a limited number of duties, which usually do not contain elements of the types of audit mentioned above. - Ascertainment act is a report much like a presentation of facts linked to a particular violation or irregularity which have the power of arguments used in a formal record. In every case, this type of act can be used to snapshot confirmed ascertainment, providing an argument regarding the nature and legal justification which the auditor does not agree with.

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Flynn Brodersen

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Flynn Brodersen
Joined: May 12th, 2021
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