(Original Article posted to www.accountingtools.com, Steven Bragg)

A financial statement audit is the examination of an entity's financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attes...

What is Tax Avoidance?

By definition, the term tax avoidance refers to the legal use of the tax regime to one’s own advantage to reduce the amount of taxes payable by means that are within the law.

What is Tax Evasion?

Tax Evasion on is using illegal means to avoid paying...