Apply auditing and investigation principles to obtain evidence for taxation purposes, covering the full audit cycle under GRA legislation.
Tax Audit & Investigations develops the specialist skills required to conduct and respond to tax audits and investigations. The paper covers the full audit process — from engagement planning and evidence collection to reporting — with a specific focus on tax compliance risk management and the investigative powers of the Ghana Revenue Authority. Candidates learn to analyse financial statements to assess the reliability of records for tax purposes, use data analytics tools for case selection, and handle revenue inquiries professionally.
The accountability concept, audit principles, auditor independence, legal rules, professional guidelines, and ethical aspects.
Responsibilities for detecting misstatements, duties to primary clients and third parties, and auditor liability.
Objectives, scope, risk areas, engagement letters, audit files, working papers, and work programmes.
Sources and types of evidence; compliance and substantive testing; statistical sampling; computer-assisted audit techniques (CAATs).
Desk audits, issue-oriented audits, comprehensive audits; case selection methodologies; data mining and risk scoring systems.
Investigation powers under GRA legislation, revenue inquiries, taxpayer questionnaires, and information gathering techniques.
Analysing production records and financial data to assess reliability for tax purposes; management audits.
Evaluating audit evidence; forming opinions; the form, content, and requirements of tax audit reports.
Audit procedure questions must link procedures directly to the specific tax risk identified — generic procedures earn minimal marks. Always state: (1) the risk, (2) the assertion at risk, (3) the specific procedure to address it.
Tax Auditor (GRA)
Tax Investigation Specialist
Forensic Tax Accountant
Tax Risk Manager
Internal Audit Manager
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