Vat And Audit Skills

One Week £ 1,900 | Two Week £3,500 | One Week ₦120,000

 

Given the increasing fiscal pressures facing governments today, tax authorities are increasingly looking at how the VAT audit can help protect revenues. The worldwide recession has led to lower VAT/GST collections putting pressure on the funding of governments expenditures. Due to an increase in the use of automated accounting systems, there is a need for tax authorities to improve their audit techniques of such systems in order to protect their VAT revenues.

This course provides a solid grounding in the capabilities required to perform effective, professional VAT audit visits in the field. It includes VAT visit selection, basic checks and credibility profiling, books and record analysis, computer records, audit interviewing skills, officer reports and best judgement.

  • Interviewing
  • Books and records analysis
  • Types of business
  • Basic checks
  • Annual accounts
  • Credibility profiling and observations
  • Invoices
  • Liability
  • Computer accounts
  • Computerised data retrieval and analysis auditing
  • Visit selection
  • Officer reports
  • Best judgement

By the end of the course you will be able to:

  • Identify automated accounting and data retrieval systems
  • Prioritise areas for testing, and conduct VAT field audit visits
  • Improve compliance with related increase in revenue generation
  • Identify and overcome operational difficulties involved in performing a VAT audit
  • Understand the operational capabilities of a large business office and computer audit service