Personal Finance: Turning Money into Wealth (7th Edition) (Prentice Hall Series in Finance)
Personal Finance: Turning Money into Wealth (7th Edition) (Prentice Hall Series in Finance)
7th Edition
ISBN: 9780133856439
Author: Arthur J. Keown
Publisher: PEARSON
Question
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Chapter 4, Problem 12PA
Summary Introduction

To explain:

The things to be done on preparation of an audit and the actions to be taken if the audit does not turn out favorably.

Introduction:

Tax audit refers to the examination of the tax return filed by an individual or a tax payer to confirm the true or fair value of the tax paid. It is done by verifying all required document through which the amount of the tax deductions and exemptions can be justified.

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