Tax audit: Bangladesh panorama

Abstract

The present paper is a brief study on the modus operandi of the existing income tax audit in Bangladesh. This study centres around: meaning of tax audit; need for tax audit; certain conceptual issues of tax audit; existing scenario of tax audit in Bangladesh, focusing on tax system, tax audit practice, tax audit ambit, tax auditor, tax audit report, existing extent of assessment under tax audit net; and then draws a concluding line with a few recommendations. The paper reflects that the present extent of tax audit practice of Bangladesh is extremely negligible. This paper’s policy prescriptions, if followed, will hopefully provide a great boost in expanding tax audit net, which is much needed for improvement of the internal resource mobilisation in the country.

Citation

Sen, D.K. and Bala, S.K. (2002), "Tax audit: Bangladesh panorama", Managerial Auditing Journal, Vol. 17 No. 8, pp. 464-477. https://doi.org/10.1108/02686900210444806