Business Accounting Review in La Réunion

The accounting review is a tax control procedure that allows the administration to examine the accounting of a business without intervening in its premises.

At the Meeting, this procedure concerns companies that maintain their accounts using computerised systems. Although it takes place remotely, it can lead to significant tax corrections and calls for the same rigour in the preparation of exchanges with the administration.

A remote tax control procedure

The accounting review is based on the transmission to the administration of the company's accounting records (CEF).

As from the receipt of the accounting review notice, the company normally has 15 days to submit the requested files.

The administration then conducts their analysis from its own premises. It may request information, justification or clarification of recorded transactions.

This procedure differs from accounting verification in the absence of the auditor's involvement in the undertaking.

Tax issues beyond file transmission

The accounting review is not limited to a technical analysis of the entries.

It may include deductibility of charges, tax treatment of certain transactions, VAT, provisions or financial relations between a company and its management.

The information provided to the administration should therefore be examined in terms of its tax consequences, not solely accounting.

Preparation and follow-up of the procedure

The company's support consists first of verifying the scope of the control, the conformity of the files transmitted and the main risks that may emerge from their analysis.

Particular attention must then be paid to the administration's requests and the responses given to them.

The accounting review shall be subject to procedural safeguards, including a maximum of six months from the receipt of the compliant files.

Accompaniment of the firm in La Réunion

Mr Edouard Pruvost is accompanying the business of meeting women who are subject to an accounting examination, from the receipt of the opinion until the end of the procedure.