Risk Based Audit Techniques

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.

Purpose: Improve capacity of revenue administrations in the audit function using a risk-based approach.
Rationale:
- Revenue administrations face increasing complexity in newly emerging areas of taxation and growing number and sophistication of the taxpayer populations.
- Audit is a useful tool for effective compliance management.
- Skill-building of audit staff and improved use of data are helping to improve compliance and enhance collections.
- Constraints of manpower and other resources mean audit processes cannot cover the entire taxpayer population, making a risk-based approach increasingly important for improving audit outcomes.
Through case studies and workshops, participants will be equipped with skills to apply contemporary risk management and prioritization approaches to the work in their tax administrations.

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.

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

The International Monetary Fund (IMF) offers online training to government officials and the public.