Risk Assessment in Initial Interviews

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5 Questions

True or false: The initial interview questionnaire is used to analyze the magnitude of risk identified during the planning stage?

True

True or false: The initial interview questionnaire can result in an existing low inherent risk to a medium or high level risk?

True

True or false: The "Meeting Minutes Form" can be used to note down important statements during the meeting?

True

True or false: Both the taxpayer and Audit Teams shall sign the "Meeting Minutes Form" after the meeting is concluded?

True

True or false: If the taxpayer proposes changes to the minutes, changes can be made without discussion with the audit manager?

False

Assessing Risks in Initial Interviews: Test your knowledge on identifying and analyzing risks during the planning stage. Explore scenarios like director remuneration, provisions, and personal expenses, and learn how they can impact the overall risk level.

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