How Do Internal Audits Help Identify Tax-Related Risks in Businesses?
Internal audits are a critical tool for businesses looking to identify and mitigate tax-related risks. By conducting thorough reviews of financial reporting, tax filings, and compliance with tax regulations, internal audits help companies avoid costly penalties and legal disputes. Including specialized audits, such as secretarial, insurance, and ethical audits, further strengthens a business’s ability to manage tax risks effectively.
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