Event report
Morning Talk: Managing Tax Audit and Tax Investigation
The Morning Talk on this 27th February provided valuable insights into the processes that ensure compliance with tax laws and regulations. Tax audits focus on verifying the accuracy of financial statements and tax filings, while tax investigations delve deeper into potential non-compliance, fraud, or evasion. Effectively managing these processes requires a thorough understanding of tax laws, meticulous documentation, and proactive communication with tax authorities.
The session covered best practices for handling tax audits and investigations, including preparation, risk mitigation, and response strategies. Attendees gained practical insights into navigating these challenges and maintaining compliance with regulatory requirements.
Philip Lim, Tax Director at Forvis Mazars, led the session, bringing over 30 years of experience in taxation. His expertise includes managing tax audits and investigations for high-net-worth individuals and large corporations. Philip has also lectured on taxation courses for an international professional body and is a licensed tax agent under Section 153 of the Income Tax Act 1967.
Click here to view the photos.
