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Tax audit - Coggle Diagram
Tax audit
Audit program
The audit constitutes a control and supervision tool that contributes to the creation of a disciplinary culture of the organization and allows discovering flaws in the existing structures or vulnerabilities in the organization.
Permanent Archive: The auditor's work is recorded in a series of papers that constitute in principle the material proof of the work carried out.
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Taxpayer Rights: Panama is a sovereign and independent State. Its government is unitary, republican, democratic and representative. The State is made up of the Legislative, Executive and Judicial Bodies.
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Obligations
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Evaluate if there are economic-fiscal risks, to avoid or reduce them
Infractions and crimes
Evidence Documentation: For the auditor, adequately documenting the evidence obtained is of vital importance, since the quality of said documentation -in the sense of compliance with Generally Accepted Auditing Standards- will depend, to a large extent, on the responsibility that he will assume after the issuance of the report in which he expresses his professional opinion.
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Evaluation of Evidence: Once the evidence has been obtained and documented, the auditor must conclude whether it is sufficient and adequate to issue an opinion or whether, on the contrary, he should refrain from issuing a professional opinion.
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Contribution update
Process review - Part A:
Definition, objective, purpose, requirements
Process review - Part B:
Sanctions, auditor's opinion
Work papers: They include all the documents prepared or received by the public accountant, therefore, together, they constitute a compendium of the information used and the tests carried out in the execution of their work, together with the decisions that you have had to do to form your opinion.
Administrative resources
The global reconciliation procedure: The global reconciliation procedure: the crossing of information
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Internal and external confirmations: The size of the company, its greater or lesser expansion in the national and autonomous territory, in addition to the increasing complexity of taxes, make it advisable that the auditor attend, as far as possible
The Determination of Tax Contingencies: As this is the most specific case of circumstances that may affect the auditor's opinion, we dedicate this section to the study of tax contingencies and the importance they may have in the opinion of the process. training, following the scheme started in section 1 of the second part
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