Audit Review Process, The
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Authors
Premis, Mitchell
Issue Date
1978
Volume
11
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
FIRST PARAGRAPH(S)|The Internal Revenue Service (IRS) devotes approximately thirty-five per cent of its total budget to its audit program. For the current fiscal year, out of our total budget of $1,862,000,000, $658,000,000 will be spent on the audit program. We estimate that we will audit a little over two million returns nationwide, or about 2.4% of income, estate, gift, partnership, and small business returns. This is a rather small audit coverage, and it is therefore obvious that the success of our tax system depends on voluntary compliance. |The primary purpose of the audit function is to encourage voluntary compliance. Given the very limited scope of our audit coverage, it is particularly important that these scarce resources be used as efficiently as possible. Over the last several years, the IRS' audit planning has received a great deal of attention and is continually being refined. Today, I would like to describe that process and discuss some of our continuing concerns...
Description
Citation
11 Creighton L. Rev. 755 (1977-1978)
Publisher
Creighton University School of Law