In daily practise, the audit section generates the following types of reports:
- Confidential reports
- Audit reports
- Inspection Statutes
- Validation Statutes
- Identification Acts
Confidential reports are generated by the auditor, who then provides them to the Head of LTO in the event of the finding of tax fraud or evasion involving extremely high values or unique circumstances. These reports outline the results and the rationale for initiating an inquiry in coordination with economic crime structures and judicial police, as well as the preliminary need for more auditing resources. When the auditor deems it fair that specific problems remain confidential until they are discussed with the Head of LTO, confidential reports are also submitted.
Tips for Tax Audit Report
- Audit reports are created based on the audit service, detailing the audit’s implementation and findings. This sort of report must satisfy the following criterion:
a. It must be accurate, supported by facts, explicit, full, brief, unemotional, impersonal, timely, and objective.
b. Findings should comply with programme requirements and be supported by appropriate justifying documents; c. Conclusions should comply with the findings and serve to minimise violations and unreal declarations in the future; d. The audit content should include the auditor’s conclusions based on the findings; e. The form, content, and structure of the report should conform to the requirements of this Manual. - Inspection act is a report written by the auditor at the section head’s request. These reports describe the status and progress of the implementation of the fiscal visit to the taxpayer at a specific point in time, as well as the findings, problems, and barriers, the observance of deadlines for completing the audit, the need for additional auditing resources, etc., and other requirements. After receiving the inspection act, the section head assigns additional obligations and takes additional actions, if necessary, to continue a comprehensive audit and implement the additional programme.
- The Verification Act is a report prepared when it is essential to verify information, duties assigned by superiors, or verification cases with a specific objective from the head of department and the head of the Large Taxpayers Office. The verification act comprises a description of the obligation and its performance and relates to a restricted number of duties that do not include aspects of the above-mentioned forms of audit.
Conclusion
Ascertainment act is a report comparable to a presentation of facts relating to a specific violation or irregularity that have the force of arguments used in a formal record. In every instance, this type of deed is utilised to illustrate a particular verification, presenting an argument regarding the nature and legal justification with which the auditor disagrees.
