Canada's audit process involves establishing a relationship based on co-operation, openness, and transparency-key factors in ensuring an efficient audit. This reflects the fact that the Canadian public and the CCRA have a mutual interest in ensuring that we conduct our audits efficiently, and that we conclude them in a timely fashion.

Location and materials - The auditor will generally do the audit on your premises. However, in some situations, the auditor will borrow your books and records and give you a detailed receipt of the borrowed documents. It may be necessary, at times, to make copies of your electronic records.

Time involved - The time an audit takes depends on the state of your accounting records and related documents, as well as the size and complexity of your business. Your co-operation will help keep this time to a minimum.

Discussing issues - During an audit, the auditor will identify issues and discuss them with you. At any time, you can discuss with the auditor any concerns you may have.

Responding to an adjustment proposal - The auditor will discuss proposed adjustments (if any) and will explain the rationale for the adjustments. The auditor will give you a reasonable amount of time (usually 30 days) to respond to the proposal.

Before finalizing the audit, the auditor will carefully consider and respond to any representation made about the findings. If issues remain unresolved, you can contact the auditor's supervisor.

Notice of Assessment and Notice of Reassessment - If we have to adjust your return, the auditor will arrange to have a Notice of Assessment or Notice of Reassessment mailed to you. If the adjustment results in an increase to your refund, a payment may accompany the (re)assessment notice.

Interest charges - If the adjustment results in an increase in the amount you owe, we can help you lower your total interest charges by providing an estimate of the amount owing before issuing a Notice of Assessment or Notice of Reassessment. This will give you the opportunity to prevent further interest charges from accruing by paying all or a part of what you owe.

What happens if you disagree with your assessment or reassessment? - You can file an objection to the assessment or reassessment no later than 90 days after the date on your notice.

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This page last modified: 15 Mar 2008