Tax Audit is the public brand name of American tax firm Tax Resources, Inc., which specializes in tax representation for individuals and small businesses. Tax Audit helps to alleviate the tax burden taxpayers face by offering audit defense and tax debt relief assistance. Tax Resources, Inc. was founded in 1988. The firm became the exclusive provider of Intuit Corporation’s TurboTax Audit Defense in 1999. Tax Audit is the largest audit defense firm in the country. They are headquartered in Folsom, California, with additional offices in Southern California.
Tax Audit is a membership organization that offers prepaid audit defense and representation services when a member receives an income tax audit. They also provide audit defense services for taxpayers who are not members and tax debt relief services.
A ‘financial audit’ is conducted to provide an opinion whether “financial statements” (the information is verified to the extent of reasonable assurance granted) are stated in accordance with specified criteria. Normally, the criteria are international accounting standards, although auditors may conduct audits of financial statements prepared using the cash basis or some other basis of accounting appropriate for the organization. In providing an opinion whether financial statements are fairly stated in accordance with accounting standards, the auditor gathers evidence to determine whether the statements contain material errors or other misstatements.