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Fiscal Policy

Risk Based Audit Techniques

Invitation

Session No.: SA 24.13

Location: New Delhi, India

Date: March 4-8, 2024 (1 week)

Delivery Method: In-person Training

Primary Language: English

    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.

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    Qualifications

    The participant should have at least five years' experience in a tax administration.

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    Pre-requisites

    Participants should be nominated by the designated sponsoring agency in the tax administration.

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    Course Description

    This course is designed to improve capacity of revenue administrations in the audit function, with a risk-based approach. In recent years, revenue administrations in most countries are seeking to develop capacities to keep pace with complexities of newly emerging areas of taxation, and the growing number and sophistication of the taxpayer populations. Audit has emerged as a useful tool for effective compliance management, and skill-building of audit staff and improved use of data are helping to improve compliance and enhance collections. However, owing to constraints of manpower and other resources, audit processes cannot cover the entire taxpayer population. Therefore, it is becoming increasingly important to use a risk-based approach for improving audit outcomes.

    The course will cover the following areas:

    • 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.


    Through case studies and workshops, the course will equip the participants with the skills necessary to apply contemporary risk management and prioritization approaches to the work in their tax administrations.

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    Course Objectives

    The objective of this course is to enable participants 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 and increase revenue yield from audits.

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