Planning for a Customs Audit
Silverman, Robert B., The CPA Journal
Customs audits can result from a U.S. Customs Service investigation or random selection. While large importers and importers of import-sensitive merchandise are most likely candidates for a Customs audit, small and medium-size companies are also regularly audited. Sometimes advance warning by way of a letter or phone call informs the company of the plans for audit. Less fortunately, notice of audit can arrive in the form of a pack of Customs Agents with a search warrant (or grand jury subpoena), who will seize and remove company records. If the company was properly prepared, it would have designated an employee to interface with the Customs Service. In the case of a search warrant, access …
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Publication information: Article title: Planning for a Customs Audit. Contributors: Silverman, Robert B. - Author. Magazine title: The CPA Journal. Volume: 61. Issue: 5 Publication date: May 1991. Page number: 8. © New York State Society of Certified Public Accountants Feb 2009. Provided by ProQuest LLC. All Rights Reserved.
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