Ace the Senior Tax Specialist Exam 2025 – Conquer the Code and Master Your Tax Mojo!

A review is typically a more common occurrence than an audit in the context of tax matters. Reviews are often done as part of regular compliance checks and may happen routinely, such as during the preparation of annual tax returns, to ensure that all data is accurately reported and that taxpayers are meeting their obligations.

In contrast, audits are more thorough and are usually triggered by specific criteria or discrepancies found in tax returns. They tend to be less frequent because they require a more involved process, including detailed examination of financial records, and typically target certain risk factors or irregularities identified by the tax authority.

Thus, the notion that reviews are more common reflects a practical approach to encourage ongoing compliance in the tax system, while audits serve a more targeted enforcement role when there is reason to delve deeper into a taxpayer's financial affairs. This distinction illustrates the differing purposes and frequencies of reviews versus audits in the framework of tax administration.