My company is undergoing our first year audit, and our
How do I review a tax provision provided for audit?
Answers
Review the workpapers provided by your tax professionals with the preparers, work through the reconciliation of your GAAP financials back to the taxable net income number, tie those numbers back out to your financials. Ask them about any major areas of concern or points of interest that they might have, then go from there, ask lots of questions. More than likely, most of it will make sense without much tax
Thanks for all the info! This was exactly the type of guidance I was looking for.