Risk Based Audit Techniques for CBDT

Source details

Target audience:
- Tax auditors and audit supervisors who are responsible for conducting audits in their current roles or will potentially be handling such roles in their future assignments.
Qualifications:
- The participant should have at least five years' experience in a tax administration.
Pre-requisites:
- Participants should be nominated by the designated sponsoring agency in the tax administration.

Rationale:
- Tax administrations are rapidly developing capacities to keep pace with complexities of newly emerging areas of taxation and the growing sophistication of the taxpayer populations.
- Audits are used by many tax administrations to improve compliance and enhance collections, but limits of manpower and other resources prevent coverage of the entire taxpayer population.
- A risk-based approach is necessary for better results with available resources.
Areas covered:
- Framework for a risk-based approach to be used when conducting tax audits.
- Components of audit risk and risk-based audit techniques and procedures, including in the planning and conduct stages of tax audits.
- Case studies and workshops to equip participants with skills to apply contemporary risk management and prioritization approaches in their tax administrations.

Objective:
- Enable participants to better identify audit risk and to build and adapt audit processes around areas of risk.
Expected contributions:
- Contribute to the ability of the national revenue authorities to conduct audit activities more efficiently.
- Increase revenue yield from audits.