Session 3: Development of Tax Audit Skills Sub-Regional Virtual Workshop

The workshop is a joint initiative with the International Monetary Fund (IMF), Pacific Financial Technical Assistance Center (PFTAC) and the PITAA Secretariat

Participants in the Tax Audit Program will experience a wide range of subjects directly related to audit good practices. The program will cover the following:

• Role of audit, integrity, professionalism, and tax secrecy;
• Audit and the Tax Compliance Model;
• Audit process, best practice and using audit checklists;
• Income Tax: basics of accounting and interpretation of financial statements;
• Tax reconciliations;
• Overview of VAT audit process, documentation and risks;
• Indirect audit methods: using 3^rd party information, reconstruction of income/sales, confirming expenses claimed;
• Common audit issues and approaches to address the issues;
• Conducting taxpayer interviews;
• Estimating taxpayers tax liability; and
• Discussion on audit questions from participants.

Participants will participate in discussions and practical audit case work to address real-life audit issues, sharing their experiences with all participants.