https://www.taxtmi.com/manuals?id=1499 Audit Planning and Verification requires creating and updating a secure Assessee Master File (AMF) compiling registration data, returns and financial statements, conducting a thorough desk review to identify revenue risk, evaluating internal controls via walkthroughs and ABC analysis, and preparing a detailed, supervisor approved audit plan. Audit verification must follow the plan, document findings in contemporaneous working papers with supporting evidence, reconcile records with third party and regulatory filings, address CENVAT credit cross utilization, and communicate preliminary objections to the assessee/taxpayer to obtain clarifications before finalising audit reports. en-us Thu, 07 Jul 2016 16:58:00 +0530 Thu, 07 Jul 2016 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1499 Audit Planning and Verification requires creating and updating a secure Assessee Master File (AMF) compiling registration data, returns and financial statements, conducting a thorough desk review to identify revenue risk, evaluating internal controls via walkthroughs and ABC analysis, and preparing a detailed, supervisor approved audit plan. Audit verification must follow the plan, document findings in contemporaneous working papers with supporting evidence, reconcile records with third party and regulatory filings, address CENVAT credit cross utilization, and communicate preliminary objections to the assessee/taxpayer to obtain clarifications before finalising audit reports. Manuals Service Tax Thu, 07 Jul 2016 16:58:00 +0530 https://www.taxtmi.com/manuals?id=1499