Definition of tax audit

People who live according to right in a community they have certain rights and also obligations to fulfill. Among the obligations, the tributary ones stand out, that is, the payment of the taxes that correspond to them and that come from the activity that is practiced.
Individuals and businesses pay taxes based on the heading in which they work and also of the income that are perceived.

There are many mechanisms deployed by states and other entities to verify that individuals and companies pay their taxes accordingly.and, meanwhile, one of the most implemented is the tax audit, which consists precisely of the exhaustive control carried out by professionals on the tax situation it presents, be it a company or an individual, to corroborate or verify whether or not they pay their obligations to the treasury as they should.

The procedure consists of a comparison of data between the affidavits, tax payments and the financial situation of the body or individual on which the audit of this type is carried out.

It is a detailed process in which each economic and tax aspect will be studied, that is, nothing will be left to chance but that in reality everything will be a plausible subject of study, the structure, the operations carried out, the economic situation, among others.

Once everything has been analyzed and observed in detail, we will proceed to the realization of a report which should contain how the audit procedure was, that is, the path through which each piece of information provided in the report was reached, and on the other hand, the Author of the work will allocate a part to provide their vision, opinion, on the investigation performed.
Basically, it will say if things are in order or if they are not and then it will indicate if it is necessary that some obligations that were ignored are fulfilled.

Many companies commission these audits to find out if their entire tax situation is in order.

On the other hand, when it is detected that a taxpayer has not paid his taxes properly, the entity corresponding, will send you a notification in this regard inviting you to regularize the state of affairs at the brevity. If this is not done in the given time and manner, the state may initiate a case for tax evasion against that taxpayer.