Revenue Audits

A revenue audit is a thorough review conducted by tax authorities or organizations to verify that all income, sales, and taxes have been accurately reported and paid. It involves examining financial records, transactions, and filings to ensure compliance with relevant laws. The goal is to detect and prevent fraud, errors, or underreported income, ensuring that the appropriate amount of revenue is collected. While often associated with taxes, revenue audits can also apply to other sources of income or sales, helping maintain transparency and fairness in financial reporting.