Question

Difference between tax audit and management audit

Answer 1

Answer:

Management Audit focuses on results, evaluating the effectiveness and suitability of controls by challenging underlying rules, procedures and methods. Tax audit : A tax audit is an examination of your tax return by the IRS to verify that your income and deductions are accurate.

hope this helps u..✌️

Answer 2

Answer:

Unlike financial audit, management audit mainly examine the non financial data to audit the efficiency of the management. ... A tax audit is when the IRS decides to examine your tax return a little more closely and verify that your income and deductions are accurate.