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Revealed: Six SARS audit types and how they differ

by , 05 August 2014
Every business owner fears an audit from SARS. But what most business owners may not know is there are six different types of audits SARS can do.

All of them come with their own challenges and may instil their own kind of fear.

But it's important to know what type of audit you're facing so you can prepare all the relevant documents and comply with what the SARS auditor asks from you.

To help you do this, we're revealing what these six audit types are and how they differ...

These are the six different types of SARS audits 

 
1. Tax audit
This is to check you've complied with all the legal requirements and everything's in order when it comes to your company's taxes. 
 
This audit will happen remotely in a SARS office.
 
2. Desk audit
This is to verify the accuracy and truth of all your statements of account. This looks at your tax returns and financial statements.
 
The SARS auditor will reconcile all the records you submitted to SARS. He may also ask you for additional information to check.
 
This audit will happen remotely in a SARS office.
 
*********** Recommended Product  ************
 
Are you ready for your SARS tax audit?
 
 
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3. Refund audit 
To double-check that SARS legally and properly owes you a refund, it'll also check you've correctly calculated your refund before it pays it to you.
 
This audit will happen remotely in a SARS office.
 
This is to closely monitor and audit all of your various tax processes. If SARS does a field audit on your company, it should be an immediate red flag. This type of audit is normally only for taxpayers who are medium to high risk.
 
This audit will happen on your business premise.
 
5. Integrated audit
This assesses the compliance of every type and form of tax your company pays.
 
This audit will happen on your business premise.
 
6. Risk audit
This is to analyse the extent of your lack of compliance, when you've made a material misrepresentation or error. 
 
This audit will happen remotely in a SARS office.
 
 
Ensure you know which type of audit SARS intends to do on your business so you know what the risks are and how to prepare.
 

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