Risk Based Tax Audits

Author : Munawer Sultan Khwaja,Rajul Awasthi,Jan Loeprick
Publisher : World Bank Publications
Page : 157 pages
File Size : 42,6 Mb
Release : 2011-06-08
Category : Business & Economics
ISBN : 9780821387542

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Risk-Based Tax Audits by Munawer Sultan Khwaja,Rajul Awasthi,Jan Loeprick Pdf

"Revenue administration is a major interface between the state and its citizens. A good revenue administration is, therefore, an important attribute of good government. As a result, in recent years, policy makers have become increasingly aware of the importance of policies that will promote business development while ensuring voluntary tax compliance. In the modern context, it is neither desirable nor feasible to examine or inspect every single taxpayer. The revenue administration, therefore, has to rely on effective management of compliance. Promoting voluntary compliance, achieved through a self-assessment system in which taxpayers comply with their tax obligations without intervention from tax officials, requires developing modern approaches to audits based on risk management. The impact of audits critically depends on a properly designed audit selection strategy focused on high-risk taxpayers to provide the most cost-effective outcome. This, in itself, contributes to promoting voluntary compliance. Risk-based country audits: approaches and country experiences are an important study of this critical revenue function of compliance management."--Publisher's website.

Author : Munawer Sultan Khwaja,Rajul Awasthi,Jan Loeprick
Publisher : World Bank Publications
Page : 157 pages
File Size : 49,5 Mb
Release : 2011-06-08
Category : Business & Economics
ISBN : 9780821387559

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Risk-Based Tax Audits by Munawer Sultan Khwaja,Rajul Awasthi,Jan Loeprick Pdf

The book examines the fundamental principles of risk-based audits, the institutional challenges, and analytical techniques used in risk-based audit strategies. It discusses development of databases and IT infrastructure critical for effective use of risk management techniques.

Author : K. H. Spencer Pickett
Publisher : John Wiley & Sons
Page : 306 pages
File Size : 53,9 Mb
Release : 2013-08-12
Category : Business & Economics
ISBN : 9780471690528

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Audit Planning by K. H. Spencer Pickett Pdf

More now than ever before, auditing is in the spotlight; legislators, regulators, and top executives in all types of businesses realize the importance of auditors in the governance and performance equation. Previously routine and formulaic, internal auditing is now high-profile and high-pressure! Being an auditor in today's complex, highly regulated business environment involves more than crunching the numbers and balancing the books-it requires ensuring that appropriate checks and balances are in place to manage risk throughout the organization. Designed to help auditors in any type of business develop the essential understanding, capabilities, and tools needed to prepare credible, defensible audit plans, Audit Planning: A Risk-Based Approach helps auditors plan the audit process so that it makes a dynamic contribution to better governance, robust risk management, and more reliable controls. Invaluable to internal auditors facing new demands in the workplace, this book is also a "hands-on" reference for external auditors, compliance teams, financial controllers, consultants, executives, small business owners, and others charged with reviewing and validating corporate governance, risk management, and controls. The second book in the new Practical Auditor Series, which helps auditors get down to business, Audit Planning: A Risk-Based Approach gives new auditors principles and methodologies they can apply effectively and helps experienced auditors enhance their skills for success in the rapidly changing business world.

Author : Anuschka Bakker,Sander Kloosterhof
Publisher : IBFD
Page : 504 pages
File Size : 51,5 Mb
Release : 2010
Category : Business enterprises
ISBN : 9789087220709

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Tax Risk Management by Anuschka Bakker,Sander Kloosterhof Pdf

In response to a number of large corporate failures, risk management has recently become a major consideration for most organizations. At the same time, taxation has been recognized as an area having its own unique risk profiles. This book provides a practical guide for those working in today's ever-changing corporate environment. It contains an introduction to tax risk management and discussions on the tax control framework that allow corporate tax departments to identify and manage companies' tax-related risks. The book also includes country chapters, which provide practical examples of the development and application of tax control frameworks.

Author : Joshua Aslett,Gustavo González,Stuart Hamilton,Miguel Pecho
Publisher : International Monetary Fund
Page : 49 pages
File Size : 51,5 Mb
Release : 2024-02-26
Category : Business & Economics
ISBN : 9798400260063

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Tax Administration by Joshua Aslett,Gustavo González,Stuart Hamilton,Miguel Pecho Pdf

This technical note introduces analytics for compliance risk management in tax administration. Together with its accompanying toolkit, the note is intended as a starter kit to support capacity development in compliance planning, risk, and intelligence groups. Developed primarily for emerging analysts new to tax administration, the note presents both theory and practical aspects of analytics. Its toolkit is comprised of an initial collection of analytics templates designed to assist in turning the theory presented into practice in the areas of: (1) compliance planning; (2) taxpayer profiling; and (3) audit case selection.

Author : OECD
Publisher : OECD Publishing
Page : 67 pages
File Size : 47,5 Mb
Release : 2013-11-07
Category : Electronic
ISBN : 9789264205376

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Bribery and Corruption Awareness Handbook for Tax Examiners and Tax Auditors by OECD Pdf

This handbook provides guidance on how to recognise indicators of possible bribery or corruption in the course of regular tax examinations and audits.

Author : Sebastian Beer,Matthias Kasper,Erich Kirchler,Brian Erard
Publisher : International Monetary Fund
Page : 22 pages
File Size : 49,5 Mb
Release : 2019-10-11
Category : Business & Economics
ISBN : 9781513515373

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Do Audits Deter or Provoke Future Tax Noncompliance? Evidence on Self-employed Taxpayers by Sebastian Beer,Matthias Kasper,Erich Kirchler,Brian Erard Pdf

This paper employs unique tax administrative data and operational audit information from a sample of approximately 7,500 self-employed U.S. taxpayers to investigate the effects of operational tax audits on future reporting behavior. Our estimates indicate that audits can have substantial deterrent or counter-deterrent effects. Among those taxpayers who receive an additional tax assessment, reported taxable income is estimated to be 64% higher in the first year after the audit than it would have been in the absence of the audit. In contrast, among those taxpayers who do not receive an additional tax assessment, reported taxable income is estimated to be approximately 15% lower the year after the audit than it would have been had the audit not taken place. Our results suggest that improved targeting of audits towards noncompliant taxpayers would not only yield more direct audit revenue, it would also pay dividends in terms of future tax collections.

Author : Andrew Okello
Publisher : International Monetary Fund
Page : 38 pages
File Size : 42,7 Mb
Release : 2014-03-11
Category : Business & Economics
ISBN : 9781475525694

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Managing Income Tax Compliance through Self-Assessment by Andrew Okello Pdf

Modern tax administrations seek to optimize tax collections while minimizing administration costs and taxpayer compliance costs. Experience shows that voluntary compliance is best achieved through a system of self-assessment. Many tax administrations have introduced self-assessment principles in the income tax law but the legal authority is not being consistently applied. They continue to rely heavily on “desk” auditing a majority of tax returns, while risk management practices remain largely underdeveloped and/or underutilized. There is also plenty of opportunity in many countries to enhance the design and delivery of client-focused taxpayer service programs, and better engage with the private sector and other stakeholders.

Author : Domenic Antonucci
Publisher : Kogan Page Publishers
Page : 320 pages
File Size : 53,5 Mb
Release : 2016-07-03
Category : Business & Economics
ISBN : 9780749477592

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Risk Maturity Models by Domenic Antonucci Pdf

This book offers a practical solution for every organization that needs to monitor the effectiveness of their risk management. Written by a practising Chief Risk Officer, Risk Maturity Models enables you to build confidence in your organization's risk management process through a tailored risk maturity model that lends itself to benchmarking. This is a management tool that is easy to design, practical and powerful, which can baseline and self-improve the maturity capabilities needed to deliver ERM benefits over time. This book guides the reader through comparing and tailoring a wealth of existing models, methods and reference standards and codes (such as ISO 31000 and COSO ERM). Covering 60 risk-related maturity models in clear comparison format, it helps risk professionals to select the approach best suited to their circumstances, and even design their own model. Risk Maturity Models provides focused messages for the risk management function, the internal audit function, and the Board. Combining proven practice and insight with realistic practitioner scenarios, this is essential reading for every risk, project, audit and board professional who wants to move their organization up the risk maturity curve.

Author : John Brondolo,Zhiyong Zhang
Publisher : International Monetary Fund
Page : 128 pages
File Size : 54,6 Mb
Release : 2016-03-17
Category : Business & Economics
ISBN : 9781484301111

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Tax Administration Reform in China by John Brondolo,Zhiyong Zhang Pdf

Tax administration improvements have contributed significantly to a doubling of China’s tax-to-GDP ratio and the substantial reduction in taxpayers’ compliance costs since the mid-1990s. This paper describes the key features of China’s tax administration and their evolution over the last 20 years. It also identifes emerging challenges to the tax system and areas where further tax administration improvements are needed to sustain tax revenue and reduce taxpayers’ compliance costs in the future.

Author : Michael F. Garczynski
Publisher : CCH
Page : 148 pages
File Size : 48,5 Mb
Release : 2008-02
Category : Business & Economics
ISBN : 0808091867

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Knowledge-Based Audits of Health Care Entities by Michael F. Garczynski Pdf

Author : OECD
Publisher : OECD Publishing
Page : 68 pages
File Size : 51,9 Mb
Release : 2014-05-16
Category : Electronic
ISBN : 9789264208117

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OECD Best Practice Principles for Regulatory Policy Regulatory Enforcement and Inspections by OECD Pdf

This report provides guidance to policy makers on improving regulatory enforcement and inspections and provides some examples of good practices in this area.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 81 pages
File Size : 46,5 Mb
Release : 2015-01-29
Category : Business & Economics
ISBN : 9781498344890

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Current Challenges in Revenue Mobilization - Improving Tax Compliance by International Monetary Fund Pdf

This paper addresses core challenges that all tax administrations face in dealing with noncompliance—which are now receiving renewed attention. Long a priority in developing countries, assuring strong compliance has acquired greater priority in countries facing intensified revenue needs, and is critical for fairness and statebuilding. Series: Policy Papers

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 8 pages
File Size : 46,5 Mb
Release : 1980
Category : Income tax
ISBN : UFL:31262085185030

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Examination of Returns, Appeal Rights, and Claims for Refund by United States. Internal Revenue Service Pdf

Author : United States Government Accountability Office
Publisher : Lulu.com
Page : 234 pages
File Size : 51,6 Mb
Release : 2019-03-24
Category : Reference
ISBN : 9780359536399

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Government Auditing Standards - 2018 Revision by United States Government Accountability Office Pdf

Audits provide essential accountability and transparency over government programs. Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever. Government auditing provides the objective analysis and information needed to make the decisions necessary to help create a better future. The professional standards presented in this 2018 revision of Government Auditing Standards (known as the Yellow Book) provide a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services. These standards, commonly referred to as generally accepted government auditing standards (GAGAS), provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process. This revision contains major changes from, and supersedes, the 2011 revision.