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should my accountant be present at revenue audit?

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  • 09-02-2015 4:40pm
    #1
    konman
    Registered Users Posts: 234 ✭✭


    Hi all.
    I have an audit coming up with revenue and my accountant said he should be present at the audit, im just wondering if this is the norm or is he just trying to get extra charges from me?
    I hope this is not against forum rules to ask this in here.
    Apologies if it is.


Comments

  • Options
    #2
    barneystinson
    Registered Users Posts: 4,683 ✭✭✭barneystinson


    konman wrote: »
    Hi all.
    I have an audit coming up with revenue and my accountant said he should be present at the audit, im just wondering if this is the norm or is he just trying to get extra charges from me?
    I hope this is not against forum rules to ask this in here.
    Apologies if it is.

    Well if you and your accountant are both fully happy that there's nothing untoward in your records or how you run the business, there may well be no need i.e. nothing to hide nothing to fear!

    Generally though the advisor who prepared the return that's being audited will be present for the opening interview, and particularly if there's a disclosure to be made. The auditor may also want to see the agents working papers, which link your books & records to the final accounts and the returns.


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    #3
    Sunny Dayz
    Registered Users Posts: 5,301 ✭✭✭Sunny Dayz


    It depends.


    If it's a client who prepares all their own returns, they are happy they have all the back up for them and there is nothing to raise a flag and if the client is happy and comfortable to meet the Revenue Auditor on their own, then no problem.


    If the bookkeeper or accountants prepares the returns, the client mentions to the accountant there might be some cash wages undisclosed or undeclared sales, then you would be best to have your accountant with you for the voluntary disclosure.


    Have also seen clients just get nervous, panicked at the mention of Revenue, not sure what to expect or what to do at a Revenue audit and want the accountant there to hold their hand so to speak. Others feel so inconvenienced at having a Revenue audit they just want the accountant there to do the work for them!


  • Options
    #4
    konman
    Registered Users Posts: 234 ✭✭konman


    Thanks for your replys.
    No there is nothing to declare, all is good as far as the accountant can see.
    I think ill have him there for the opening interview and hopefully he wont be needed after that.

    Thanks again guys.


  • Options
    #5
    abibomar
    Registered Users Posts: 2 ✭abibomar


    how did it go man?


  • Options
    #6
    Loughc
    Moderators, Business & Finance Moderators, Recreation & Hobbies Moderators Posts: 24,728 Mod ✭✭✭✭Loughc


    abibomar wrote: »
    how did it go man?

    Hi Abibomar, it is not ok to ask the OP how his Revenue Audit went and digging up old threads, if you are curious as you have your own Revenue Audit coming up, why not setup your own thread and ask the question to the forum I'm sure people here will be more than happy telling you what they went through.

    I'm locking this thread now as the OP got his original question answered.


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