Revenue Audit
The revenue audit consists of the review of the tax return, the inspection of
the declaration of liability and the
representation of liability in respect of the stamp duty, and the verification of the person's
compliance with their
obligations under the tax and duty legislation.
In addition, during the revenue audit, the correct level of liability of the company is examined by
investigating the
books, records, and compliance of the organization with its tax obligations.
Similarly, the
auditor collects the sum of
the taxpayer's unpaid taxes to place them on a proper tax enforcement basis.
Objectives
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Ensuring the accuracy of tax returns and compliance with tax laws and regulations.
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Verifying the completeness and accuracy of tax revenues collected by the government.
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Identifying potential risks to the government's revenue base and making recommendations to
mitigate those risks.
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Assessing the effectiveness of the tax collection and enforcement processes.
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Providing assurance to stakeholders that the tax collection and enforcement processes are
operating effectively and
efficiently
