Tax Compliance

Compliance with corporate and personal tax legislation is a key element in the success of government economic policy. Tax authorities at national, state and municipal levels are charged with both improving tax compliance and reducing the compliance burden on tax payers. One very important component in tax compliance strategy is audit - whether it is audit by tax authorities or self-audit by taxpayers or their tax advisors. IDEA - Data Analysis Software is used widely throughout the world for this purpose, improving the efficiency of tax auditors and thereby reducing the disruption of taxpayers' business activities, allowing corporations to avoid penalties and overpayments and offering professional accountants an additional service they can provide to their clients.

IDEA Smart Analyzer - Tax is a new optional component for IDEA, which contains preprogrammed tests for evaluating sales and purchase tax compliance. These tests were derived from the work of the OECD Tax eAudit Working Group, to be published shortly.

For detailed information on Smart Analyzer - Tax including a description of the tests available, please click here.