Which type of audit is most frequently used for examination of business returns?
A)Correspondence audit
B)Office audit
C)Noncompliance audit
D)Field audit

Question

Quizplus · Accepted Answer

Field audits are the most frequently used type of audit for examination of business returns because they involve an on-site visit to the taxpayer's premises. This allows the auditor to obtain a more complete understanding of the taxpayer's business and to verify the accuracy of the taxpayer's records.

Which Type of Audit Is Most Frequently Used for Examination