A tax audit is examination, investigation, looking over or evaluating of books and records of accounts for taxation purposes. A tax audit is when the revenue authority decides to examine your tax return a little more closely and verify that your income and deductions are accurate. Tax audits don’t happen all that often. When they do, it’s usually because something about your financial situation caught the attention of the  Revenue Authority.

Tax audits are conducted because there is information available to the tax authority which triggers tax audits. To read more  Tax Trigger