Making a difference

Computer Accounts Audit for Tax Administrators

The worldwide recession has led to lower VAT/GST collections putting pressure on the funding of governments. Due to an increase in the use of automated accounting systems, there is a need for tax authorities to improve their audit techniques of such systems in order to protect their VAT revenues.

This course will provide participants with the competencies and confidence to identify automated accounting systems, prioritise areas for testing and conduct field audit visits. This will also lead to improved compliance with related increased in revenue generation.

Who should attend
Staff at all levels within revenue authorities, particularly those working on field audits and with large taxpayer units.

How you will benefit
By the end of the course you will be able to:

• identify and overcome operational difficulties involved in computerised systems
• demonstrate knowledge of computerised data retrieval and analysis
• communicate the critical elements of data analysis through spreadsheet auditing and documentation
• understand the operational capabilities of a large business office and computer audit services

Course profile
Operational audit difficulties

• Categories of computer systems
• Problems and operational difficulties
• Managing the problems
• Legislation

System Based Approach to Auditing

• Risk-based audit
• Principles of computer audit
• Strategic considerations
• Use of relevant software

Spreadsheet Auditing

• Data entry and testing
• Data analysis
• Documentation