Tax audit — check your tax accounting before the tax authority does

What is a tax audit

A tax audit is an independent verification of the correctness of tax accrual and payment, and of the compliance of tax reporting with the law. Unlike a financial audit, which assesses the statements as a whole, a tax audit focuses specifically on the company’s tax risks.

When a tax audit is needed

• Before a scheduled or unscheduled inspection — to find and fix errors in advance rather than during the tax authority’s visit.
• When the chief accountant or accounting system changes — to check whether reporting was kept correctly until that point.
• Before selling the company or attracting an investor — tax risks affect the deal value.
• After receiving a request or notice from the tax authority — to assess the real scale of potential claims.
• For systematic control — a regular audit as part of the company’s overall tax risk management.

What a tax audit includes

• verification of the correctness of corporate income tax, VAT and other mandatory payments;
• analysis of tax reporting against primary documents;
• identification of transactions with elevated tax risk;
• recommendations for eliminating the identified discrepancies before the tax authority finds them.

How a tax audit differs from a financial audit

A financial audit assesses the reliability of the company’s financial statements as a whole and ends with a formal audit opinion. A tax audit is a narrower review focused on tax risks and the correctness of settlements with the budget; it complements rather than replaces a financial audit. If you need an audit of financial statements, including a statutory one — that is a separate service with the corresponding opinion.

How much does a tax audit cost

The cost depends on the volume of the company’s business transactions, the number of taxes to be reviewed and the period covered by the audit. We provide an exact quote after a short clarification of the initial data.

Why clients choose UHY Prostir

• 20+ years of experience with Ukrainian tax law.
• A dedicated manager for the whole engagement.
• Remote work — the audit is possible without visiting the office.
• Professional liability insured for UAH 10 million.

Want to check your company’s tax risks before the tax authority does? Send a request — we will define the scope of the review and estimate the cost.