Mich. Admin. Code R. 205.2006 - Planning and supervision of field audits
Rule 6.
(1) To the
extent possible, the field audit plan should be discussed with the audited
person or the persons authorized representative prior to the commencement of
fieldwork.
(2) Auditors should plan
audit procedures to obtain the quality and quantity of evidence necessary to
accurately determine the tax liability.
(a)
The specific procedures employed and the evidence gathered will vary depending
upon the audited persons record-keeping system, amounts reported, risk of
misstatement of the tax liability, and other circumstances.
(3) The nature, timing, and extent
of the direction and supervision of field audits depend on many factors,
including the following:
(a) The size and
complexity of the entity.
(b) The
area of the audit.
(c) The assessed
risks of material misstatement of a tax liability.
(d) The capabilities and competence of the
field auditors.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.