Audit Selection – Risk Assessment





8.1.0 Introduction

8.1.1 Topics in this Chapter

8.2.0 Overview of Risk Assessment in the CRA

8.2.1 Introduction

8.2.2 Assessing Risk by Industry

8.2.3 Computer Assisted Audit Selection System

8.2.4 Compliance Measurement Profiling and Assessment System (COMPASS)

8.2.5 General Index of Financial Information (GIFI)

8.2.6 COMSCREEN

8.2.7 Administrative Reporting and CAAS

8.3.0 The Workload Development Team

8.3.1 Introduction

8.3.2 The Team's Mandate

8.3.3 Sources of Information

8.3.4 Government Departments and Government Agencies

8.3.5 File Review

8.3.6 Information Gathering

8.3.7 GST/HST Production

8.3.8 On-line Taxpayer Information System (RAPID)

8.3.9 AIMS

8.3.10 Screening for Reasonable Expectation of Profit

8.3.11 Screener's Comments

8.3.12 Identification of Audit Issues

8.3.13 Assessment of Potential Revenue at Risk

8.4.0 Final Audits

8.4.1 Introduction

8.4.2 GST/HST De-registration

8.4.3 Income Tax Account Closure

8.4.4 Assessment of Potential Revenue at Risk

8.4.5 Priority of Final Audits

8.4.6 Situations that may Increase Tax-at-risk

8.4.7 Situations where GST/HST may be at Risk

8.4.8 Situations where Excise Tax may be at Risk

8.4.9 Situations where Income Tax may be at Risk

8.4.10 Analyzing Risk and Potential for Collection of Assessment/Reassessment

8.4.11 Win/ALS

8.5.0 Non-compliance Identification Projects

8.5.1 Introduction

8.5.2 Methodology

8.5.3 Testing

8.5.4 Decision to Terminate or Implement the Project

8.5.5 Project Implementation

8.5.6 Results and Evaluation

8.6.0 Audit File Assignment

8.6.1 Income Tax

8.6.2 GST/HST and Excise Tax

8.6.3 Other Assignment Criteria

8.6.4 Administrative Reporting

8.6.5 Return Types for AIMS Screen

8.6.6 Audit Action Codes

8.6.7 Income Tax Audits

8.6.8 GST/HST and Excise Tax Audits