Transcript AUDITING OF STATE REVENUE

AUDITING OF STATE REVENUE
State Audit Office of Estonia
Statistics of state revenue in Estonia
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 Estonian state revenue is mostly dependent on taxes
Fiscal year 2003:
 Percentage of tax revenue in state revenue: 87%
 Percentage of total state revenues to GDP: 42%
Tax Revenue 2003
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Type of tax Percentage of tax revenue in 2003
Social tax
39.7
VAT
31.1
Personal income tax
10.9
Corporate income tax
6.0
Other tax revenues
12.3
Mandate of State Audit Office of
Estonia
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The mandate of SAO is set out:
 State Audit Office Act
 State Budget Act
According to State Budget Act SAO has an obligation to
present to the Parliament an opinion on the state budget
execution report (includes report on revenue collection)
Mandate of State Audit Office of
Estonia
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SAO has access to:
 all accounts and records of Tax Administration
 all accounts and records of Individual taxpayers
 on-line data of accounts and records of Tax Administration
Resources and organisation
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 SAO has no special unit or auditors for conducting the
revenue audits.
 Financial audits of state revenue are conducted by
financial audit department.
Audit objective
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 Audit objective:
1) Are the collected revenues recorded properly?
2) Are all collected revenues transferred into the state budget on
the right time and in the right amount?
Co-operation between SAIs
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We propose following forms of co-operation:
 Training programs
 Joint working group for adopting already existing
guidelines and methodology