DEFINITION of 'Field Audit'

An audit is an investigation conducted by the Internal Revenue Service (IRS) into a taxpayer's financial records and tax return(s). A field audit is a systematic investigation by the IRS that is conducted at the taxpayer's place of business or at the office of the individual who prepared the return.


A field audit is a comprehensive review of the entire set of financial records. It differs from a correspondence audit in that it is conducted in person rather than by mail. In addition, a field audit is typically scheduled for more complicated audits and is more serious.

  1. Audit

    An unbiased examination and evaluation of the financial statements ...
  2. Audit Department

    An audit department is a unit within a company that is responsible ...
  3. Audit Risk

    The risk that an auditor will not discover errors or intentional ...
  4. Audit Cycle

    An audit cycle is the accounting process that auditors employ ...
  5. Horizontal Audit

    An evaluation of one process or activity across several groups ...
  6. Appeals Conference

    A conference that a taxpayer can request with the Internal Revenue ...
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