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.

Purpose:
- Improve capacity of revenue administrations in the audit function, with a risk-based approach.
- Address the need to develop capacities to keep pace with complexities of newly emerging areas of taxation and the growing number and sophistication of the taxpayer populations.
- Recognize audit as a tool for effective compliance management while accounting for constraints of manpower and other resources that prevent coverage of the entire taxpayer population.
Emphasis:
- Use of a risk-based approach to improve audit outcomes and prioritize audit activity.
- Skill-building of audit staff and improved use of data to enhance compliance and collections.
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.
Methods:
- Case studies and workshops to equip participants with skills to apply contemporary risk management and prioritization approaches in their tax administrations.

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