Quote:
Originally Posted by Unregistered
I saw some dont know the difference between YA and FY. Wow ECI also not sure what is that. Dont know how the auditors review the tax provision.
|
Knowing tax treatment and doing audit are two different things.
As long as the workings and number looks roughly correct + there is a tax agent in same big4 handling it, no point waste too much time to know everything in the tax working. And if it is very wrong, IRAS will hound down the company and the co can just make the necessary tax expense and provision adjustment next year.