Office Audit

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Office Audit

A thorough examination and verification of the tax returns and financial records of an individual or firm by the Internal Revenue Service in the office of the agent who is conducting the review.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
The office audits financial statements of departments and crown corporations and conducts special audits to examine whether government programs are achieving their objectives.
Yellen argued that monetary policy must remain exempt from Government Accountability Office audits and that the Fed works best as an independent central bank.
It deploys interdisciplinary teams of natural resource specialists and other experts to collect and analyze written materials, conduct interviews with participating operator's staff and key stakeholders, and complete field and office audits of the operations.
The Board was updated on progress of compliance with previous National Audit Office audits as well as actions on recently completed audits and expressed satisfaction with progress made.
* Branch office audits. Develop a branch audit program that includes a meaningful audit document or plan, unannounced visits, a means to convey audit results, and a follow-up plan requiring that the branch take corrective action.
He replaces Arnold Fields, a retired Marine major general, who resigned in January 2011 after a review by the Council of Inspectors General found that many of his office audits barely met minimum quality standards and Fields had not laid out a clear strategic vision.
Fiscal year 2010 examination strategies include 44,000 audits in this region (23,000 field and 21,000 office audits).
As the investigative arm of Congress, the Government Accountability Office audits government efforts.
In contrast, office audits involve an "in-person" interview and records review with the auditor at the IRS office.
With a staff of more than 500 and an annual budget of about $63 million, the Office audits most areas of the Canadian government, including 70 federal government departments and agencies, about 40 Crown corporations, 10 departmental corporations and about 60 other entities and special audits.
SYNOPSIS: This study analyzes a random selection of Internal Revenue Service (IRS) office audits from October 1997 to July 1998, the type of audit that concerns most taxpayers.

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