Tax Audit & Assurance – Accounting Perspective Training Course

Tax Audit & Assurance – Accounting Perspective Training Course

Introduction

Tax Audit & Assurance – Accounting Perspective Training Course is designed to provide participants with advanced insights into the intersection of taxation and auditing. It explores the application of accounting principles in tax audits, emphasizing risk assessment, internal controls, and compliance verification. Participants will learn how to evaluate financial statements for tax accuracy, identify potential discrepancies, and apply assurance standards to enhance tax reporting credibility.

This course equips tax auditors, accountants, and financial professionals with the skills to conduct comprehensive tax audits and prepare defensible documentation. It integrates both theoretical and practical approaches to align audit procedures with accounting standards, providing a strong foundation for ensuring transparency, accountability, and compliance in tax reporting environments.

Course Objectives

1.      Understand the fundamentals of tax auditing within the accounting framework.

2.      Apply international accounting standards (IAS/IFRS) in tax audit procedures.

3.      Develop analytical skills for reviewing tax-related financial statements.

4.      Identify and evaluate tax risks using audit-based methodologies.

5.      Assess the impact of deferred tax assets and liabilities during audits.

6.      Implement internal controls to prevent tax reporting errors.

7.      Utilize digital tools for tax audit documentation and verification.

8.      Interpret audit evidence to ensure tax compliance accuracy.

9.      Strengthen understanding of assurance standards in taxation.

10.  Evaluate ethical and professional considerations in tax audits.

11.  Conduct reconciliations between accounting and tax records.

12.  Prepare comprehensive tax audit reports with actionable recommendations.

13.  Examine case studies of tax audit failures and corrective measures.

Organizational Benefits

·         Improved accuracy in tax reporting and compliance.

·         Enhanced risk management and internal control systems.

·         Strengthened reputation through transparent financial practices.

·         Reduced exposure to tax penalties and legal risks.

·         Increased efficiency in tax audit processes.

·         Integration of accounting and taxation frameworks for better oversight.

·         Empowered workforce with analytical and reporting skills.

·         Alignment of tax audit outcomes with corporate financial goals.

·         Improved collaboration between accounting and tax departments.

·         Data-driven decision-making supported by accurate tax assurance.

Target Audiences

·         Tax Auditors and Compliance Officers

·         Accountants and Financial Analysts

·         Audit Managers and Internal Auditors

·         Tax Consultants and Practitioners

·         Financial Controllers and CFOs

·         Government and Revenue Authority Officials

·         Corporate Legal and Compliance Teams

·         Risk and Assurance Professionals

Course Duration: 5 days

Course Modules

Module 1: Introduction to Tax Audit and Assurance Concepts

·         Overview of tax audit frameworks and principles

·         Role of accounting in tax assurance

·         Objectives of tax audits within organizations

·         Relationship between financial reporting and tax compliance

·         Emerging trends in tax assurance

·         Case Study: The role of accounting accuracy in successful tax audits

Module 2: Accounting Standards and Tax Implications

·         IFRS and IAS standards relevant to tax auditing

·         Differences between accounting profit and taxable income

·         Deferred tax recognition and reporting

·         Adjustments and reconciliations for tax purposes

·         Financial disclosures affecting tax positions

·         Case Study: IFRS 12 and its audit implications on tax reporting

Module 3: Audit Planning and Risk Assessment

·         Stages of tax audit planning

·         Identifying key tax risk indicators

·         Developing risk-based audit plans

·         Sampling and testing methods for tax audits

·         Audit documentation and evidence collection

·         Case Study: Planning a risk-based corporate tax audit

Module 4: Internal Controls and Tax Risk Mitigation

·         Designing internal controls for tax compliance

·         Monitoring control effectiveness

·         Identifying control deficiencies and remediation

·         Integrating tax controls with financial systems

·         Control testing and validation techniques

·         Case Study: Strengthening internal tax controls in multinational firms

Module 5: Analytical Procedures and Substantive Testing

·         Applying analytical tools to detect anomalies

·         Trend analysis for identifying tax discrepancies

·         Substantive testing for tax account validation

·         Use of data analytics in audit testing

·         Common red flags in tax audit procedures

·         Case Study: Applying analytics to uncover hidden tax liabilities

Module 6: Audit Evidence and Documentation

·         Types of audit evidence in tax assurance

·         Best practices for audit working papers

·         Importance of traceability and consistency

·         Document retention and data confidentiality

·         Use of technology for audit documentation

·         Case Study: Digital audit documentation in tax assurance

Module 7: Reporting, Review, and Communication

·         Structuring comprehensive audit reports

·         Communicating findings to management and tax authorities

·         Review and follow-up audit procedures

·         Recommendations for improvement and compliance

·         Ethical and confidentiality considerations

·         Case Study: Communicating audit results in multinational corporations

Module 8: Emerging Trends in Tax Audit and Assurance

·         Role of technology and automation in tax audits

·         Integrating AI and big data analytics in assurance processes

·         Global developments in audit standards

·         Cross-border taxation and audit implications

·         Future of audit and tax convergence

·         Case Study: Digital transformation in tax audit systems

Training Methodology

·         Instructor-led presentations and discussions

·         Interactive group exercises and simulations

·         Real-world case studies and best practice reviews

·         Hands-on sessions using audit software tools

·         Practical assignments and feedback sessions

·         Continuous assessment through quizzes and role-plays

Register as a group from 3 participants for a Discount 

Send us an email: info@datastatresearch.org or call +254724527104 

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

 We also offer tailor-made courses based on your needs.

Key Notes              

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.

f. Payment should be done at least a week before commence of the training, to DATASTAT CONSULTANCY LTD account, as indicated in the invoice so as to enable us prepare better for you.