Mich. Admin. Code R. 205.2005 - Reasonable assurance for field audits
Rule 5.
(1) Auditors
shall obtain sufficient and appropriate evidence to provide reasonable
assurance that the findings of the field audit have reasonably determined the
tax liability of the audited person.
(2) Auditors shall use professional judgment
regarding the areas to be tested and the nature, timing, and extent of the
testing to be performed.
(3)
Auditors shall use professional judgment in interpreting the results and
evaluating the audit evidence.
(4)
Reasonable assurance is not absolute assurance. Absolute assurance is not
attainable because of the nature of audit evidence and the fact that auditors
must rely on evidence that is persuasive rather than convincing.
(5) Reasonable assurance does not apply to an
audit if the audited person does not have sufficient records or does not permit
access to records. The auditor may then rely on the best available information
to determine estimated tax due.
Notes
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