Tax Charge Proof
Agree the tax computation to the ledger and prove the tax charge.
- Ledger + corporate tax computation
- Key analysis in Tax
How the result is read
The computation is the client’s; the ledger is what was booked. Three things must hold. The computation starts from the profit before tax the ledger shows — a computation run on a draft profit misses every adjustment made after it. Its taxable profit and current tax follow from its own adjustments and rate. And the charge the ledger booked is explained: the statutory rate on the ledger’s profit, plus the tax on the computation’s adjustments, leaves nothing unexplained above the clearly trivial threshold (ISA 540 for the estimate; IAS 12.81(c), ASC 740 and FRS 102 section 29 for the reconciliation disclosed).
In the application
Tax Charge Proof is filed under Tax, index letter I. "Run all analyses" runs it with every other analysis the ledger and the documents loaded can answer. The worksheet states the population it tested on its face — or "Not applicable" with the reason when a column it depends on is empty — and the Excel workbook the engagement exports files it under I, beside an index of the source files with their SHA-256 fingerprints.
Read it with
Run your next audit file test without the Excel crash.
One free engagement to evaluate, valid 60 days. The ledger never leaves the machine.
- 20 minutes
- Runs on a fictional engagement
- No client data required