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Who's involved in the tax audit? Add to ...

"The tax auditor should limit questioning to three people—you, your bookkeeper and your public accountant. Some questions are easy to resolve. If the auditor is looking for certain invoices or cheques, etc., your bookkeeper should be able to find them. If there are questions on the business generally, you should be able to explain things. When it comes to the financial statements or tax returns, your public accountant should answer these."

Irving Rosen, senior tax advisor for the Canadian Federation of Independent Business

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