In the context of an audit, the payroll business cycle is one of the important areas to examine. The payroll business cycle in the context of an audit involves a number of steps that are critical to ensuring compliance, accuracy, and reliability of financial information related to employee salaries and benefits.
In order to support Anti Money Laundering/Terrorist Financing Prevention (Anti Pencucian Uang/Pencegahan Pendanaan Terorisme or APU/PPT) efforts, Accountants and Public Accountants are required to implement and adhere to the provisions regarding the Principles in Recognizing Service Users.
One of the regulations that discusses VAT at certain amount is PMK 71/2022. This PMK governs five types of Taxable Services subject to VAT at certain amount. So, what are these service types, and what are the applicable rates and valuation bases? TGS AU Partners will delve into that!
From a business perspective, tax compliance plays a crucial role in assisting companies in fulfilling their obligations effectively. However, it cannot be denied that in its implementation, companies may face several challenges. Therefore, through this article, TGS AU Partners will further discuss the challenges of tax compliance implications for businesses and tips to overcome it!
Understanding the various transaction cycles in an audit is important to properly plan and execute the audit. Here's how to understand some common transaction cycles in an audit: