How To Manage A Tax Audit
As part of the process employed by tax officials to ensure that tax payers’ returns are in compliance with the relevant laws, tax audit stands out as a very effective tool. Tax audit involves the examination of the books of a tax payer (individual and corporate) by the relevant tax authority as a means of […] Read more
Which Should I Use? Having made the decision to be your own boss, it is important to decide the best legal and taxation structure for your enterprise. The most suitable structure for you will depend on your personal situation and your future plans. The decision you make will have repercussions on the way you are […] Read more
Flirting with Fraud
The Argus Observer reports that an audit has faulted a former Oregon district attorney (DA) for reimbursing witnesses at a higher rate and for a wider range of expenses than required by state law. In his defense, the DA said the state’s minimum witness reimbursement amounts are insufficient to help low-income witnesses attend trials and […] Read more
How Relevant Can Audit Be In The Near Future?
Various stakeholders (Accounting firms, professional bodies, government, society etc.) have recently called for the role of auditors to evolve or face the risk of becoming less relevant in the ever changing and very complex business world. Attempts by regulatory bodies all over the world to overhaul the audit regime to make the audit gain more […] Read more