Correlation of Audits and Corporation Tax Evaluation and Avoidance: A Case Study at Munatah and Company Consultants
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Date
2024-08-28
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Uganda Christian University
Abstract
Munatah and company located in the heart of Jinja City plays a crucial role in the auditing and tax administration in almost the entire region . The topic Correlation of audits and corporation tax evaluation and avoidance basically gives light to the use of principles of auditing in tax administration so as to create a structure from which auditing is relevant to taxation . Auditing being a principle mostly used in performance of a business and rarely applied in other business aspects such as taxation so as to guide entities on how to overcome the burden of tax liability. Transparency and accountability , most principles of auditing provide accountability and transparency as their managers . This is to say application these are used in taxation to determine accuracies and proper computations . Timely assessments of these can yield into a good firm reputation Other aspects such as assessment of the internal controls enable the company determine ways of mitigating the tax liability and come up with proper ways in which taxes are computed and filed by the entity so as to create a proper image in the community