Under Audit definition

Under Audit means a taxpayer who has been given written notice of the Department’s intent to audit a specific tax for a specific time period which includes managed audits, self-audit requests, self analysis, or written approval from the Department to participate in a certified audit. Examples of such notices are: the notification of intent to audit books and records, the notification of correspondence audit, or self analysis and self audit requests. “Under Audit” shall also include a taxpayer who has been given written notification that the Department is conducting an examination of a transaction(s) or reporting period(s) for possible underpayments or overpayments.
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Under Audit means a taxpayer who has been given written notice of the Department's intent to audit a specific
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Examples of Under Audit in a sentence

  • Statement of Auditing Standards (SAS) No. 85, Management Representations, supersedes and deletes SAS No. 19, Client Representations, and its interpretation No.2, Management Representation When Current Management Was Not Present During the Period Under Audit.

  • Under Audit CAP, the Plan Sponsor is subject to a sanction determined in accordance with section 15.

  • Defendant Rettig has cast doubt on President Trump’s explanation that an ongoing audit prevents him from releasing his returns, testifying before the House Appropriations Subcommittee that there is “no rule that would prohibit the release of a tax return because it’s under audit.” Orion Rummler, IRS Commissioner: No Rule Against Releasing Trump’s Tax Returns While Under Audit, Axios (Apr.

  • Under Audit CAP, the Plan Sponsor must make a specific request for waiver of the excise tax under § 4974.

  • During the year covered Under Audit it is seen that a sum of Rs 5000.00 as detailed below paid during the year 2014-15 but remained unadjusted as on 31.03.2015.

  • Under Audit CAP, the plan sponsor may correct a failure that has been identified on audit and pay a sanction.

  • Code Section 3314.025 - A Finding for Recovery Repaid Under Audit was issued against a Board Member who was overcompensated.

  • Mary Taylor, CPAAuditor of State April 19, 2007TECHCON INSTITUTE COMMUNITY SCHOOL MONTGOMERY COUNTY‌ SCHEDULE OF FINDINGS JUNE 30, 2006 FINDINGS RELATED TO THE FINANCIAL STATEMENTS REQUIRED TO BE REPORTED IN ACCORDANCE WITH GAGASFINDING NUMBER 2006-001 Finding for Recovery Repaid Under Audit – Institute Monies Illegally Expended The court case, State ex rel.

  • As expected, the correlation between IRS Attention and Under Audit is significant and positive.

  • Related Partnership is Under Audit Determine whether the partnership is currently under audit.

Related to Under Audit

  • qualified auditor means a person who is qualified to be appointed as an auditor under section 198;

  • Approved Auditor means a person who is:

  • Single Audit means an audit that includes an examination of an organization's financial statements, internal controls, and compliance with the requirements of Federal or State awards.

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • Neutral Auditor means Ernst & Young or, if Ernst & Young is unable to serve, an impartial nationally recognized firm of independent certified public accountants other than Seller’s accountants or Purchaser’s accountants, mutually agreed to by Purchaser and Seller.

  • Independent Auditor has the meaning specified in subsection 7.01(a).

  • Sales assessment ratio studies means sales assessment ratio studies

  • the Auditors means the auditors from time to time of the company or, in the case of joint auditors, any one of them;

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • conformity assessment body means a body that performs conformity assessment activities including calibration, testing, certification and inspection;

  • Energy audit means a systematic procedure with the purpose of obtaining adequate knowledge of the existing energy consumption profile of a building or group of buildings, an industrial or commercial operation or installation or a private or public service, identifying and quantifying cost-effective energy savings opportunities, and reporting the findings;

  • Environmental Audit means, with respect to each Property, a Phase One environmental site assessment (the scope and performance of which meets or exceeds the then most current ASTM Standard Practice E1527 for Environmental Site Assessments: Phase One Environmental Site Assessment Process) of such Property.

  • Independent Auditors has the meaning set forth in Section 3.2.

  • County Auditor means the Greenville County Auditor, or the person holding any successor office of the County.

  • registered auditor means a person as defined in terms of the Auditing Professions Act, 20015((Act No. 26 of 2005);

  • Independent Accountant has the meaning set forth in Section 2.04(c)(iii).

  • non-audit services means services other than audit services;

  • Audit means the examination of a person or the inspection of the books, records, memoranda, or accounts of a person, ordered to appear before the Tax Administrator, for the purpose of determining liability for a municipal income tax.

  • Underpayment means any payment or portion of a payment not made to a provider for services delivered to eligible members according to the laws and rules applicable to the Medicaid program and to which the provider is entitled.

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Periodic Review means a review conducted by Ofwat for the purpose of determining one or more Price Controls in accordance with Part III of Condition B, but so that references in Part IV of Condition B to a Periodic Review shall exclude any review carried out under paragraph 11 of that Condition and shall include the determination by the Competition and Markets Authority of the relevant questions or, as the case may be, the disputed determination referred to it under paragraph 16 of Condition B;

  • Inspection Report means the report delivered by the Master Servicer or the Special Servicer, as the case may be, substantially in the form of Exhibit L hereto.

  • Examination Criteria means the loan classification criteria employed by, or any applicable regulations of, the Assuming Institution’s Chartering Authority at the time such action is taken, as such criteria may be amended from time to time.

  • cost accountant means a cost accountant as defined in clause (b) of sub-section (1) of section 2 of the Cost and Works Accountants Act, 1959 (23 of 1959) and who has obtained a certificate of practice under sub-section (1) of section 6 of that Act;

  • Auditor means the person for the time being performing the duties of auditor of the Company (if any).