Transcription of GENERAL AUDIT MANUAL - Multistate Tax …
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State of New Mexico Taxation & Revenue Department AUDIT & compliance Division GENERAL . AUDIT . MANUAL . TABLE OF CONTENTS. INTRODUCTION TO THE AUDIT MANUAL 4. AUDIT MANUAL OBJECTIVES 4. NATURE OF THE MANUAL 4. OVERVIEW OF TAX AUDITS 6. PRIMARY AUDIT OBJECTIVES 6. ROLES AND RESPONSIBILITIES IN AUDITING 6. COMMUNICATION 8. MEASUREMENT CRITERIA 10. THE AUDIT PROCESS 10. TYPES OF AUDITS 12. AUDITING STANDARDS 13. PROFESSIONAL STANDARDS 13. INDEPENDENCE 13. DUE PROFESSIONAL CARE 14. CONFIDENTIALITY 15. STANDARDS OF FIELD WORK 15. PROFESSIONALISM 16. SUPERVISION 17. TRAINING 18. QUALITY CUSTOMER SERVICE 18. COLLECTIBILITY 18. AUDIT RISK 20. THE RISK OF INCORRECT REPORTING 20. ADDRESSING RISKS IN AUDITING 22. RISK OF INACCURATE RECORDS - INHERENT RISK 22. RISK OF MISAPPLICATION OF THE TAX LAW - INHERENT RISK 22. RISK OF INCORRECT RECORDS AND MISAPPLICATION OF THE TAX LAW - AUDIT RISK 23. REDUCTION OF RISK 23. FRAUD 23. AUDIT SAMPLING 26. HISTORY 26. AUDIT & compliance DIVISION. Revised GENERAL AUDIT MANUAL Page 3.
AUDIT & COMPLIANCE DIVISION Revised February 2009 GENERAL AUDIT MANUAL ADMINISTRATIVE MANUAL EXCERPTS Page 6 OVERVIEW OF TAX AUDITS The General Audit Manual (GAM) provides an overview of the purpose of tax audits and
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