Tax Reform & How It May Affect Auditing Practice

Abstract: A 7 page paper discussing the effects of the Taxpayer Relief Act of 1997 on auditing activities. Following congressional hearings on the abuses of the Internal Revenue Service directed toward taxpayers over the past recent years and under the influence of the lowest federal budget deficit in thirty years, a measure of tax reform was signed into law in August, 1997, effective during the 1997 tax year. Along with further complicating tax filing and tax planning, the 1997 reform has also further complicated associated auditing duties on both the paying and receiving sides. Bibliography lists 8 sources.

Filename: Taxaudit.wps

Pages: 7

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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