1. An unbiased examination and evaluation of the financial statements of an organization. It can be done internally (by employees of the organization) or externally (by an outside firm).

2. An IRS examination of a taxpayer's return or other transactions. The IRS performs this examination to verify the accuracy of these filings.


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1. Auditors ensure the fiscal accuracy and responsibility of organizations.

2. This is the ultimate fear of nearly every taxpayer.

  1. Substitute Return

    A tax filing that the IRS will create for a taxpayer in order ...
  2. Attest Function

    The process of independent review of the validity of data audited ...
  3. Correspondence Audit

    Tax audits that the IRS performs by mail. Correspondence audits ...
  4. Revenue Act Of 1862

    This act increased taxes and implemented the first federal income ...
  5. Independent Auditor

    A certified public accountant who examines the financial records ...
  6. Auditor's Report

    Recorded in the annual report, the auditor's report tests to ...
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