Analyse af forenklingen af revisionspligtens betydning for skattekontrollen: En vurdering af SKATs reaktionsmuligheder

Troels Refsgaard Holm

Student thesis: Master thesis

Abstract

In 2012 the Danish Parliament passed a law, which implies that small and medium sized companies may choose an extended review instead of an audit of the financial statements. Small holding companies were exempted from mandatory auditing. The law amendment potentially increases the risk of errors in the tax returns as an extended review implies that the scope of the audit procedures are less, compared to a traditional audit. In addition to that, small holding companies can opt out audit. The objective of this thesis is to analyze the importance of the amendment for the tax inspection and assess how The Danish Tax Authority can perform it henceforward. Based on the analysis, it can be concluded that the amendment increases the risk of errors in tax returns. The tax inspection of “opponents” will be more costly and a project concerning qualified/adverse opinions may be terminated due to lack of auditor’s report and audit protocol. It will be more difficult for The Danish Tax Authority to detect illegal shareholder loans when audit are opted out. However, there is no basis to conclude that the amendment causes tax evasion, or economic crime for that matter. Overall, it can be concluded that the amendment would require The Danish Tax Authority to perform tax inspection differently or more effective. To reveal the risk and assess the type of errors, The Danish Tax Authority could establish a project aimed at companies, which has opted out audit. Depending on the outcome new projects targeted typical errors could be established. To adress the risk of errors The Danish Tax Authority should continue to cooperate with the auditing profession and encourage auditors to advise their clients from opting out audit procedures that will result in errors. The cooperation with The Danish Business Authority to reduce illegal loans should also continue, but The Danish Tax Authority could seek out loans in digital financial statements and inform former borrowers about the new tax rules regarding illegal loans to prevent them from establishing new loans. Finally it is proposed that The Danish Tax Authority exploit experiences from a project concerning tax governance in large companies, and try to adjust the concept for smaller companies. The purpose is to move ressources from taxpayers, which want to abide the rules, to taxpayers which are considered as “opponents”.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
LanguageDanish
Publication date2013
Number of pages137