Audit is independent investigation of financial information to express opinion. Almost every company audits financial statements annually. External auditors and ICAI accountants can conduct audits
IRS was established in 1862 by President Lincoln to fund the Civil War. Currently overseen by commissioner Charles P. Rettig, serving five-year terms. Agency is part of U.S. Department of Treasury
CRA collects taxes and administers tax laws for Canadian government and provinces. Similar to U.S. IRS, manages personal, business, and excise taxes. Oversees social programs and international trade legislation
Local (HB I) audit conducted according to Turkish Tax Law. Optional HB II audit with German Commercial Code and IFRS compliance. Primarily for internal purposes, not submitted to Turkish authorities
IRS established by Lincoln in 1862 to collect taxes and enforce tax laws. Agency collects taxes to fund Social Security, Medicare, and other public benefits. IRS collects revenue from trusts, estates, charities, and foreign corporations
No federal income tax for residents and workers in UAE. VAT rate of 5% introduced in 2018. Corporate tax rate of 9% for businesses above AED 375,000. Tax year runs from January to December or June to May