Audits financial records to determine tax liability...
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Audits financial records to determine tax liability: Reviews information gathered from taxpayer, such as material assets, income, surpluses, liabilities, and expenditures to verify net worth or reported financial status and identify potential tax issues. Analyzes issues to determine nature, scope, and direction of investigation required. Develops and evaluates evidence of taxpayer finances to determine tax liability, using knowledge of interest and discount, annuities, valuation of stocks and bonds, sinking funds, and amortization valuation of depletable assets. Prepares written explanation of findings to notify taxpayer of tax liability. Advises taxpayer of appeal rights. May conduct on-site audits at taxpayer's place of business and be designated Field Auditor (government ser.). May audit individuals and small businesses through correspondence or by summoning taxpayer to branch office for interview and be designated Office Auditor (government ser.). May perform legal and accounting work in examination of records, tax returns, and related documents pertaining to tax settlement of decedent's estates and be designated Tax Analyst (government ser.). May review most complicated taxpayer accounts and be designated Tax Examiner (government ser.).
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Sr. Associate, Internal Audit United States-MA-Boston
Do you have a passion for solving complex business problems? KPMG’s Advisory Services Practice focuses on fundamental business issues — managi...
An auditing job or internal audit job is a profession that requires verification and inspection on how valid the financial records of a company is. Large companies hire internal auditors to look into their financial records so that errors can be directly addressed and corrected as soon as possible.
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