Types of Tax Audit ReportsPosted by Flynn Brodersen on May 12th, 2021 The following forms of reports are ready in the everyday practice of the audit section: audit report - Confidential reports - Audit reports - Inspection Acts - Verification Acts - Ascertainment Acts - Confidential reports are ready by the auditor who presents them to the Head of LTO in the event of tax fraud detection or evasion in high values or special situations. These reports briefly describe the findings and the arguments to begin with a study in cooperation with economic crime structures, judicial police and the preliminary needs for additional audit resources. Confidential reports may also be presented when the auditor considers it reasonable that certain problems remain confidential until they're 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 up with the following requirement: a. It should be accurate, supported with facts, explicit, complete, concise, non-emotional, non-personal, objective and timely. b. Findings should comply with program requirements and become supported with appropriate justifying documents; c. Conclusions should adhere to the findings and serve to minimize violations and unreal declarations in the future; d. The audit content should state the auditor's ascertainments based on the findings; e. The proper execution, content and structure of the report should match the 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 stop by at the taxpayer at a particular time, findings, problems and barriers, respect of deadlines for finalizing the audit, needs for additional audit resources, etc, and other needs. After having received the inspection act, the top 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 a report prepared when it's 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 to do with a limited number of duties, which do not contain elements of the forms of audit mentioned above. - Ascertainment act is a report much like a presentation of facts linked to a specific violation or irregularity which have the power of arguments used in a formal record. Atlanta divorce attorneys case, this sort of act can be used to snapshot a given ascertainment, providing an argument as to the nature and legal justification which the auditor does not trust.Like it? Share it! More by this author |