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Signing off on tax audit settlements and other end of audit considerations Logo cgma

  Daniel Morris |   Free |   AICPA |   Mar 2015 |   05:43 min |   Brightcove

This video explores considerations to think about at the end of the audit process. It also discusses penalties and interest assessed during an audit as well as the collections.

Topics covered:
  • Management accounting: Technical: Tax strategy, planning & compliance: Tax audit, Expert

2 Comments/Reflections

Harrison Sinkonde

Harrison Sinkonde Apr 2020

The main significance of tax audit is compliance to avoid penalties and interest. This requires consideration of the revenue recognition and expense review to determine that a correct tax amount is payable
Bipin Hathi

Bipin Hathi May 2018

Good summary video off all the main tick off points when entering and completing the sign off of a tax audit.