Audits play a vital role in finance for several reasons: There are generally three types of audits: external, internal, and tax-related. An external audit is carried out by independent certified ...

There are several types of 1099 forms. They operate like W-2 forms ... Claiming unusually high deductions can trigger an IRS ...

While IRS funding has been falling for the last decade, resulting in fewer auditors, "the audit rate for EITC claimants has not fallen," said Smith, in part because "the types of EITC audits that ...

Forensic audit investigations can uncover or confirm various types of illegal activities. Usually, a forensic audit is chosen instead of a regular audit if there's a chance that the evidence ...

A typical internal audit is an independent and objective appraisal of the controls systems inherent in a unit's or an activity's policies, procedures and practices. Internal audit reviews can help you ...

Take a deep breath. Experts note that there are strategies taxpayers can use to navigate the system, separate real IRS audits from scams and maximize their chances of a favorable decision.