Bazhenov, A. A., Tsarkova L. S. Taxation Audit of Economic Entities During Auditing Activities

Abstract: The article is devoted to peculiarities of taxation audit as an important element of audit. Taxation audit is also analyzed from the point of view of an independent activity (service) within the framework of tax consulting. Taxation audit becomes very topical and popular among economic entities due to relaxation in the requirements for mandatory audit as pursuant to Article 5 of the Federal Law No. 307-FZ of December 30, 2008 on Auditing Activities’. The author shows the need and opportunity to conduct taxation audit by using the continuous method which would create an obvious advantage over classical audit oriented at only one goal to express an opinion about accurate accounting (financial) reporting. It goes without saying that taxation audit covers more than the classical audit section ‘Audit of Tax and Levy Calculation’ because taxation audit appeals to almost all articles of accounting (financial) reports that have a tax element.

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