What is the goal of a tax audit? A. To make sure you paying your imposed fines  B. To make sure you are paying your taxes  C. To investigate criminal activity  D. Non

would unpaid payroll taxes be fairly easily uncovered in an audit? Can employees try to conceal the non-payment? What are specific tests of controls that can be performed? Can outsourcing eliminate this risk?

The money you receive back because you have overpaid your taxes is called a tax return. a. true b. false

Audit Procedures for Income Taxes and Deferred Tax Assets/Liabilities:   Auditing income taxes and deferred tax assets/liabilities involves verifying the accuracy of a company's tax reporting and assessing the timing and amounts of deferred tax assets and liabilities. Here's a detailed breakdown of the audit procedures:   1. Review of Tax Returns and Financial Statements:   Impact: Auditors compare the information reported in the company's tax returns with its financial statements to identify any discrepancies or inconsistencies.   Procedure: Auditors examine tax returns, schedules, and supporting documentation to ensure that income tax provisions in the financial statements are consistent with tax filings.   2. Evaluation of Deferred Tax Assets and Liabilities:   Impact: Deferred tax assets and liabilities represent future tax consequences of transactions that have already occurred but have not yet been recognized for tax purposes.   Procedure: Auditors assess the validity…