Catching the Auditor’s Eye


NUMEROLOGY

Not all business types fared equally in last year’s IRS enforcement efforts.

For the 2006 fiscal year, S corporation and partnership audits rose 34% and 15% from 2005, respectively, while audits of small businesses remained constant and efforts against large corporations—those with more than $10 million in assets—actually fell more than 2%.

Source: IRS, www.irs.gov .

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.