Audit of taxes and payments with in the context of enterprise performance optimization
DOI:
https://doi.org/10.35774/visnyk2019.01.186Keywords:
audit of taxes and payments, tax planning, tax accounting, tax optimization, internal control, auditing, tax management, entrepreneurship.Abstract
The article describes the role of tax payments in generating revenue for the State Budget of Ukraine. The study shows how audit of taxes and fees influences the effectiveness of enterprise performance. The authors emphasize that implementing internal tax audit procedures is important in order to optimize the enterprise’s financial policy. An attempt is made at defining tax optimization and developing a logical framework to enhance the effectiveness of taxation in enterprises. It is pointed out that effective management of tax liabilities involves either creating a tax planning system or performing functions for maintaining tax discipline within integrated management.
The factors influencing the quality of audit of taxes and fees in the process of assessing the financial position of economic entities are systematized. Among them are the following: qualification of auditors; engaging highly-skilled specialists; independence and confidentiality of auditor’s assessment; high mobility; accumulated experience in working with financial statements; high level of responsibility. The study offers ways to improve the system of audit of taxes and fees in Ukraine in the context of ensuring effective tax management in enterprises. It is proved that a timely audit of taxes and payments not only reduces tax risks in entrepreneurial activity, but also optimizes tax and accounting policy of the company, because it incorporates current changes in legislative regulation and modern techniques in auditing introduced abroad.
References
Matviienko T. O. Novi pidkhody do obliku ta kontroliu zoboviazan za podatkamy i zboramy v umovakh reformuvannia podatkovoi systemy Ukrainy [New approaches to accounting and control over tax and duty obligations in the context of reforming the tax system of Ukraine]. Ekonomichnyi chasopys XXI – Economic Annals XXI, 2010, No. 11-12, p. 86-88 [in Ukrainian].
Shot A., Platonova Yu. Problemy ta napriamy vdoskonalennia obliku rozrakhunkiv za podatkom na dodanu vartist [Challenges and ways to improve accounting of VAT calculations]. Ekonomichnyi chasopys Skhidnoievropeiskoho natsionalnoho universytetu im. Lesi Ukrainky – Economic Journal of Lesia Ukrainka Eastern European National University, 2018, No. 2 (14), p. 151-158 [in Ukrainian].
Semenko T. M. Podatkovyi i finansovyi oblik PDV zghidno z Podatkovym kodeksom Ukrainy [Tax and financial accounting of VAT according to the Tax Code of Ukraine]. Oblik i finansy APK – Accounting and Finance of Agro-Industrial Complex, 2011, No. 2, p. 52-57 [in Ukrainian].
Optymizatsiia i minimizatsiia podatkiv: za mater. kompanii «Audyt. Bukhhalteriia, Autsorsynh» [Tax optimization and minimization: based on data from “The Audit. Accounting. Outsourcing Company”], from http://www.buhuslugi.com.ua/ua/informatsiya/informatsiya-dlya-yuridichnikh-osib/optimizatsiya-podatkovogonavantazhennya-minimizatsiya-podatkiv.html [in Ukrainian].
Luchko M. R. Konsolidovana finansova zvitnist: systemnyi pidkhid do pobudovy ta rozvytku [Consolidated financial accountability: system approach to building and development]. Extended abstract of Doctor’s thesis. Kyiv, 2008, 29 p. [in Ukrainian].
Matviienko T. O. Udoskonalennia informatsiinoho zabezpechennia podatkovoho planuvannia pererobnykh pidpryiemstv [Improvement of information provision of tax planning in processing enterprises]. Ekonomika ta derzhava – Economy and State, 2012, No. 8, p. 32-35 [in Ukrainian].
Melnyk V. M. Opodatkuvannia: naukove obgruntuvannia ta orhanizatsiia protsesu [Taxation: scientific basis and organization of process]. Kyiv: Kompiuterpres, 2006, 277 p. [in Ukrainian].
Popova L. V., Nikulina L. N. Audit nalogooblozheniia [Audit of taxation]. Moscow: Delo i Servis, 2009, 192 p. [in Russian].
Kostiuk B. V. Orhanizatsiia podatkovoho audytu na pidpryiemstvi [Organisation of tax audit in enterprises]. Ekonomika i rehion – Economy and Region, 2015, No. 1, p. 124-129 [in Ukrainian].
Kulyk R. R. Otsiniuvannia finansovoho stanu subiektiv hospodariuvannia: dotsilnist zaluchennia audytorskykh firm [Estimation of financial position of business entities: the necessity of involving audit firms]. Naukovi zapysky Natsionalnoho universytetu Ostrozka akademiia – Scientific Notes of Ostroh Academy National University, 2011, Issue 16, p. 168-174 [in Ukrainian].
Isa K., Pope J.Corporate Tax Audits: Evidence from Malaysia. Global Review of Accounting and Finance, 2011, Vol. 2, No. 1, p. 42-56 [in English].
Shmychkova I. Yu. Kontseptsiia vdoskonalennia systemy audytu opodatkuvannia prybutku v Ukraini [The concept of improving taxation of profits in Ukraine]. Efektyvna ekonomika – Effective Economy, 2015, No. 11 [in Ukrainian].
Ryzhenko I. Ye. Podatkovyi audyt yak zasib zabezpechennia kontrolnykh funktsii derzhavy u sferi opodatkuvannia [Tax audit as a means of ensuring the state control functions in the field of taxation]. Ekonomika rozvytku – Economics of Development, 2010, No. 1 (53), p. 26-28 [in Ukrainian].
Luchko M. R. Analiz v audyti: okremi pytannia zastosuvannia [Analysis in audit: certain issues of applying]. Ekonomichnyi analiz – Economic Analysis, 2017, Vol. 27, No. 4, p. 11-19 [in Ukrainian].
