Tax account audit

Tax audit represents an independent examination of different types of tax accounting and allows guaranteeing financial security to an enterprise. Being the most demanded type of audit services, the tax accounting audit assists in risks identification and eliminates tax accounting variance to legislative requirements.

The purpose of tax accounting: to prepare an enterprise to all possible examinations of tax authorities.

During audit procedure, business accounting and tax accounting are examined during the whole period, which is a subject of examination. The drawbacks in tax accounting are neutralized.

Tax audit is conducted through a signed contract and a client-proved audit program, where the questions which should be highlighted by an auditor are clearly stated.

In the course of a tax accounting audit, based on the Client’s requirements, the following services are provided:

• General analysis of a taxation system;

• Highlighting the main factors influencing tax indexes;

• Examination of tax payment methods;

• Preliminary or parallel calculation of tax indexes;

• Approval of estimation accuracy and tax payments, as well as tax and non-tax funds duties;

• Collection of necessary information for tax optimization;

• Recommendations about tax payments minimization.

As a result of a tax audit the client will receive:

• accurate assessment of taxation base determination;

• relevant assessment of tax benefits applications;

• accurate assessment of tax liabilities calculation;

• Calculation of tax consequences in case of an incorrect application of certain tax legislation regulations;

• Recommendations and suggestions on improvement of existing taxation system.

As a result of a tax audit the client will receive the following documents:

• Conclusion based on the results of a tax audit

• Auditor’s report based on the results of a tax audit (in case if it is foreseen by terms of Contract).