The Internal Revenue Service is planning to ramp up audits of smaller businesses and their investors by about 50 percent next year, following years of persistently low examination rates, an agency official said Tuesday.

The result could be a surge in audits of companies ranging from mom-and-pop retail stores and technology startups to investment funds that have historically faced only infrequent checks thanks to the time and effort required at the IRS.

Washington — The adequacy of OSHA’s future pandemic planning and the effectiveness of the agency’s National Emphasis Program on COVID-19 may be evaluated this fiscal year by the Department of Labor Office of Inspector General.

If you find the prospect of workplace audits and inspections overwhelming, this e-book from KPA is for you. Experts make the processes as simple and painless as possible, breaking them down into manageable pieces for readers.

Recounts are expected in two Minnesota House races. The election results could determine control of that legislative body. The upcoming recounts are expected soon and come after initial ballot totals changed when election officials discovered technical glitches.

The more plant personnel who participate in your facility’s food safety audit, the better. These educational experiences allow your staff to engage with the audit process and improve their food safety knowledge.

Job safety audits can mitigate the risk of accidents. But many rely on slow processes designed with compliance.

Quyeny Ly recognized as an executive director of IT internal audits at TriNet

Charlie Clark was once auditing a company when a box of out-of-calibration gages fell from the ceiling.

What exactly is an audit? An audit is essentially a health check for your business processes. Picture a doctor’s visit, but for your company

With the Biden administrating pledging to aggressively enforce workplace regulations, now is the time to make sure employers are in compliance with wage and hour practices.

[New Republic] The General Auditing Commission (GAC) under the astute leadership of Auditor General P. Garswa Jackson has released reports of 102 audits conducted by the Commission of various agencies of the Liberian Government.

Delaware fruit and vegetable growers who receive a passing score on their third-party food safety audits and agricultural water tests are eligible to receive cost-share to help cover the expense through the Delaware Department of Agriculture.

Karnataka Health Minister Dinesh Gundu Rao instructed district officials to ensure accurate reporting and auditing of medlinkdengue/medlink-related deaths.

Audit needs to verify whether crucial fiscal steps recommended by Finance Commission have been met

National Bureau of Economic Research

We have been through a very significant period of change for Employment Tribunals over the past two years: with the introduction of fees, pre-claim conciliation and new Tribunal Rules, all of which are likely to reduce the number of Tribunal claims ...

There is a great opportunity for government contractors to save on sales or use taxes paid for consumables used on government contracts. The U.S. Government is not subject to sales/use tax, however, government contractors typically pay tax on their consumable purchases. Government contractors may be paying tax on many of their overhead purchases needlessly. Sales...

The post Reverse Audits for Government Contractors appeared first on Anders CPA.

Mining giants Rio Tinto, BHP and Glencore have listed several of their tailings dams across Australia as being at "high" or "extreme" risk to public safety if they fail.

The BMV's pattern of poor performance hardly inspires confidence in its ability to adequately monitor itself.

<span class="topsy_trackback_comment"><span class="topsy_twitter_username"><span class="topsy_trackback_content">FCC Launches New Round of Audits of Radio Station EEO Performance http://bit.ly/anoP3q</span></span>

The grassroots programme of the Bosnia and Herzegovina Football Federation has been given special recognition during an ceremony hosted by the Bosnian Olympic Committee.

A recent report by the Energy Futures Initiative (EFI), established by former Energy Secretary Ernest Moniz, and the National Association of State Energy Officials confirms that the energy sector as a whole grew 2 percent last year, which is .3 percent more than the national job growth percentage of 1.7 percent.

The Justice Department announced that yesterday a federal court in Ft. Worth, Texas permanently barred Karena Mondrianh, of Southlake, Texas, from preparing tax returns and from operating a tax-preparation business.

When it rains guidance, it pours. The MDCG just released Guidance on temporary extraordinary measures related to medical devices Notified Body audits during COVID-19 quarantine orders and travel restrictions. The guidance takes immediate effect and is valid for the whole period of duration of the pandemic COVID-19 as declared by the World Health Organisation. It […]

What if the Google Street View car took thermal energy scans of all the country's buildings and then built a database of building energy efficiency information? That's the concept behind startup company Essess's approach to home energy audits.

The Commissioner of the Philippines Bureau of Internal Revenue, Caesar Dulay, has said the country will introduce a more stringent audit program in 2019, to further improve the tax take.

Malaysia's Inland Revenue Board has denied allegations that it is more aggressively pursuing taxpayers affiliated with opposition political parties or their supporters.

The OECD and the United Nations Development Programme (UNDP) have launched a new initiative to help developing countries bolster domestic revenues by strengthening their tax audit capacities.

By framing the debate as one of protecting the 'autonomy' of PSUs from 'microcontrol by government', some pink papers are trying to confuse readers into thinking that CAG audit is a governmental intervention, which it is not. The CAG's role is constitutionally enshrined for ensuring accountability of PSUs, writes Himanshu Upadhyaya.

A report published by Centre for Budget and Governance Accountability (CBGA) on the institution of Comptroller and Auditor General (CAG), its auditing and reporting process falls short in many aspects, writes Himanshu Upadhyaya.

The district administration in Bihar's Araria district collaborates with a local people's organisation to conduct a social audit of the national employment guarantee scheme. Ashish Ranjan and Purushottam Kumar report.

Windsor, Kim

American Institute of Certified Public Accountants

Rotch Library - GF90.B45 2018

According to the report by Centre for Economic Policy Research (CEPR), a rapid increase in the volume of data requires auditors to be equipped with the latest available technological tools to analyse a much higher volume of data in their audits than previously required.

Author: Daniel M. Davis, MBA (Taxation), CPA, CFE

Provides state-specific material for preparing for and handling an audit in all states that impose sales and use taxes. Readers will gain an increased understanding of why their businesses or clients were selected for audit, how their audits will proceed, what the audit staff will be looking for, and how assessments are developed.

Instead of enacting tax increases, taxing agencies are quietly encouraged to mine every possible dollar from the existing tax structures. As a result, a sales and use tax audit notice generally may be regarded as the first step in a state civil action intended to extract additional funds from a specific taxpayer. Since this may often result in unfavorable consequences for the taxpayer, this book is intended to improve the taxpayer's chances of prevailing in what is often a losing battle. It aims to assist taxpayers in proactively avoiding paying more than their legal share of taxes.

This guide comes with a CD-ROM, containing approximately 200 state and local exemption certificates.

• U.S. Master Sales and Use Tax Guide (2012)
• Sales and Use Tax Answer Book 2013 
• California Sales and Use Tax Answer Book 2011

If you would like more details about this product, or would like to order a copy online, please click here.

Author: Rosalee Hacker, CPA

This book shows practitioners the most effective approach for conducting the highest quality audits, compilations and reviews of common interest realty associations. It includes the practice aids—checklists, questionnaires, workpapers, sample correspondence, and sample audit, compilation, and review reports—to take the practitioner through an engagement, from the initial evaluation of a client to the issuance of the audit, compilation, or review report.

This edition provides guidance by the FASB and AICPA on the audit, compilation, and review of financial statements of common interest realty associations, based on the guidance and auditing pronouncements available through February 2012 and current through Statements on Standards Accounting and Review Services No. 20 (SSARS-20), "Revised Applicability of Statements on Standards for Accounting and Review Services."

• Part I is applicable to all audit, compilation, and review engagements of common interest realty associations;
• Part II is applicable to audit engagements; and
• Part III is applicable to compilation and review engagements.

This book consists of 33 chapters and covers all major audit, compilation, and review topics.

TABLE OF CONTENTS

Part I:  Common Interest Realty Associations

Chapter 1:  Industry and Regulatory Overview
Chapter 2:  Overview of Accounting Principles and Practices
Chapter 3:  Financial Accounting and Reporting Considerations

Part II:  Audit Engagements

Chapter 4:   Auditing Standards, the Code of Professional Conduct, Quality Control Standards, and the KBA Methodology
Chapter 5:   Financial Statement Assertions, Audit Evidence, and Audit Documentation
Chapter 6:   Pre-Engagement Procedures and Audit Planning
Chapter 7:   Risk Assessment Procedures: Obtaining an Understanding of the CIRA and Its Environment
Chapter 8:   Assessing the Risks of Material Misstatement
Chapter 9:   Performing Audit Procedures in Response to Assessed Risks
Chapter 10:  Extent of Audit Procedures and Sampling
Chapter 11:  Analytical Procedures
Chapter 12:  Cash
Chapter 13:  Investments in Securities, Derivative Instruments, and Hedging Activities
Chapter 14:  Receivables and Revenues
Chapter 15:  Property and Equipment
Chapter 16:  Prepaid Expenses, Deferred Charges, Intangibles, and Other Assets
Chapter 17:  Accounts Payable
Chapter 18:  Payroll and Other Liabilities
Chapter 19:  Income Taxes
Chapter 20:  Debt Obligations
Chapter 21:  Equity
Chapter 22:  Revenue, Operating Expenses, and Expenditures for Major Repairs and Replacements
Chapter 23:&nb

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