Tax Audit
/ˈtæks ˈɔːdɪt/
Definitions
- (n.) An official examination of an individual's or organization's financial records to verify accuracy and compliance with tax laws.
The company underwent a tax audit to ensure all deductions were properly claimed.
Forms
- tax audit
- tax audits
Related terms
See also
Commentary
The term specifically denotes a procedural review by tax authorities, distinct from broader financial audits; drafting clarity is important to avoid conflating these concepts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.