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ACC311 - Fundamentals of Auditing GDB No. 1 Solution and Discussion Spring 2018 Due Date: May 23, 2018
Total Marks | 10 |
Starting Date | Thursday, May 17, 2018 |
Closing Date | Wednesday, May 23, 2018 |
Status | Open |
Question Title | GDB on Tax Audit |
Question Description | GDB (ACC311) Fundamental of Auditing Covering Lecture 1-12 Topic for Discussion: “Tax Audit” Learning Objectives:
Scenario: Tax audit is becoming increasingly in demand due to tightening of the tax policies by the Government of Pakistan and constant changes in the tax legislation. Companies those are subjected to mandatory financial audit once a year usually pass a tax audit. But if they are not required to conduct an independent financial audit of their accounts once a year then it is always advisable by the analysts to do the tax audit on their own before the audit by the authority - FBR. It is commonly known as an initiative tax audit approach. Being the student of “Audit” what do you think it is expedient to conduct tax audit in the following independent cases:
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