The topic of the report is an exploration of a career option and a Tax Auditor at Canada Revenue Agency. The purposes of this report are to not only prepare myself for the position by examining and learning but also introduce a different field of work to colleagues All residents in Canada must pay a tax and Canada Revenue Agency (CRA), formally known as Revenue Canada, is a federal agency that has as its main function the administration of Canadian tax laws for most of the provinces and territories of Canada. In addition, the CRA manages several social and economic tax programs such as the Canada Child Tax Benefit program and the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit program. There are several departments in CRA and we will focus on the Audit position. According to the Canada Revenue Agency, a tax audit is the “examination of taxpayers’ books and record to determine accurately the taxes, interest and penalties payable under the law.” Also Auditors are responsible for complying with individuals and corporations requests too. Therefore, auditors are the one of the largest components of CRA. (barrettaxlaw) Included in this report are educational background and experience required, duties and responsibilities, working conditions, salary and benefits, career advancement, and Auditor Apprenticeship Program (AAP). The information for the report was gathered mainly from Canada Revenue Agency and Alberta Occupational Profiles (OOC) web sites. Also an interview was conducted for primary source with Ross who worked for CRA for 33 years as a Tax Auditor.
Your Future Stars Here
The details of the Audit position at CRA will be explored. There are seven important parts which must be recognized and be fully aware of. Below are the lists of seven important areas. 1.
Educational Background and Experience required
Eligibility for recognized professional accounting designation (CGA,CMA,CA) or •
Graduation with a degrees from a recognized post-secondary institution with an acceptable specialization in accounting 1.2.
Skills (Alberta learning information serivce, 1995)
Good command of the English language
Professional written and oral communication skills
Logical analysis ability
Good interviewing skills with taxpayers, accountants and lawyers 1.3.
Experience (Canada Revenue Agency)
Recent and significant experience in any of the following areas above 12 months within the last 5years
Auditing entities to ensure compliance with Federal or Provincial legislation
Auditing of corporations or other similar entities to ensure compliance with internal policies, procedures, or guidelines
Preparing corporate and individual Income Tax/GST returns
Interpreting and understanding the Income Tax Act or the Excise Tax Act.
Duties and Responsibilities
Main Duties & Responsibilities
Conducting audits of taxpayers’ returns, books, records, taxpayer requests, and supporting documents to confirm and enforce compliance with the statutes administered by the CRA (Christine Kim) •
having adequate verification procedures for all the fields in a tax return, •
Ranking tax returns for verification according to risk
Capturing complete and accurate results of its verifications •
Making reasonable use of information slips that the law requires third parties to submit to the Agency (General., 2005)
All information received from an individual taxpayers, corporation or trust is confidential •
Requesting information only of the auditor has a “need to know” that information to complete his/her audit (Ross, 2012)
Working Environment (Blair)
Overtime required at year end or to meet project deadlines •
Travel required across the city or province
The code of Ethics and Conduct designed guide and support staff in work
Salary and Benefits
Seven levels are positioned at auditing and different...
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