TAX AUDIT IS A SERVICE OF AUDIT FIRMS: FEATURES, RELEVANCE AND CHARACTERISTICS

Abstract

The article is devoted to the issues of taxation audit, since this type of audit services is relevant for business entities in today's conditions. The author proves that market modernization has an impact on the market of audit services. It is noted that today the range of audit services, in addition to the audit of financial statements, also includes business consulting, consulting on accounting, taxation and financial reporting, forensics, due diligence, risk management services, tax audit, etc. The results of the conducted research allow us to clearly present the conceptual understanding of tax audit, which provided a substantiation of its essence, mission, goals, and identification of the subjects of implementation. The cases of relevance of tax audit for business structures are specified. The author establishes that audit entities offer the following types of taxation audit as services: comprehensive taxation audit for all taxes and fees; taxation audit for individual taxes and fees; express audit, tax risk assessment; regular audit, which may be conducted monthly, quarterly, annually and be aimed at verifying the correctness of tax reporting of a business entity. The author summarizes the types of tax audit identified by domestic scholars, taking into account eight key features. Stakeholders initiating the tax audit are identified (persons with the highest authority; shareholders; the head of the enterprise; investors; potential buyers of business). The types of work in the context of the stages of tax audit are characterized. The methodological and procedural support of the tax audit is detailed. The list of indicators necessary for assessing the tax burden is generalized. It is substantiated that a tax audit allows identifying the risks associated with taxation of enterprises, preventing the imposition of penalties based on the results of tax audits which may result from violations of the law by business entities.