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Fiscal Policy

Risk Based Audit Techniques

Deadline passed

Session No.: SA 22.36

Location: New Delhi, India

Date: October 17-21, 2022 (1 week) New dates

Primary Language: English

    Target Audience

    Tax auditors and audit supervisors who are responsible for conducting audits of small, medium and large enterprises for tax administrations in the South Asia Region.

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    Qualifications

    Participant should have worked in a tax audit role for at least two years and is therefore familiar with the basic tax audit process and also with the statutory and other financial records of taxpayers.

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    Pre-requisites

    No pre-requisite course is required. However, participant should have experience of working in a tax audit role for at least two years.

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    Course Description

    South Asia is a rapidly developing region. Tax administrations in the region are growing fast and working hard to develop capacity to keep pace with both policy and legislative changes and the growing sophistication of the taxpayer populations. To ensure completeness of revenue, in recent years Audit has been developed as a very useful tool by many tax administrations. But since audit cannot cover the entire taxpayer population, it has become necessary to use a risk-based approach for better results with available resources. The course will cover audit risk from a tax auditor's perspective and provide participants with a risk-based approach to be used when conducting tax audits. It will cover components of audit risk and risk-based audit techniques and procedures, including in the planning and conducting stages of tax audits. Through case studies and workshops, it will equip the participants with the skills necessary to apply contemporary risk management and prioritization approaches to the work in their Agencies.

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    Course Objectives

    The outcome of this course will be for the participant to better identify audit risk and to build and adapt audit processes around areas of risk. This risk-based approach can be expected to contribute to the ability of the national revenue authorities to conduct audit activities more efficiently in their respective countries and increase revenue yield from audits.

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