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“Activities not Engaged in for Profit” or, in layman’s terms, hobbies, tend to be a red flag at the IRS. Many taxpayers have hobbies that earn a bit of income and the IRS states that in such cases, ...

Most companies are subject to audit, be these quality or financial. Audits, as defined in the internal standards for quality audits, ISO 19011:2018—Guidelines for auditing management systems, are a ...

Regulatory compliance is a critical aspect of the IT landscape these days, and the ability to audit database activities showing who did what to which data when is a specific requirement of many ...

The Internal Revenue Service has recently updated its Entertainment Audit Technique Guide to help tax professionals when reporting various items related to the entertainment industry. The guide ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Audit techniques vary for different businesses, so small business owners need to be armed with how an agent might approach their inspection. The IRS website publishes audit training guides for ...

Comptroller and Auditor General of India (CAG) Girish Chandra Murmu on Monday said that Supreme Audit Institutions should develop new techniques and capabilities to audit marine life or the Blue ...