Egliane Accounting Service

21/09/2026

tax audit updates

21/09/2026

🚨 𝐍𝐀-𝐒𝐔𝐒𝐏𝐄𝐍𝐃 𝐀𝐍𝐆 𝐓𝐀𝐗 𝐑𝐄𝐓𝐔𝐑𝐍 𝐌𝐎? 𝐇𝐔𝐖𝐀𝐆 𝐌𝐀𝐆-𝐏𝐀𝐍𝐈𝐂—𝐀𝐋𝐀𝐌𝐈𝐍 𝐊𝐔𝐍𝐆 𝐏𝐀𝐀𝐍𝐎 𝐈𝐓𝐎 𝐌𝐀𝐈𝐈𝐖𝐀𝐒𝐀𝐍! 🧾⚠️

Isa sa mga maaaring maging sanhi ng suspended returns ay ang hindi pagtutugma ng taxpayer information—gaya ng TIN, RDO Code, Tax Type, at accounting/return period.

💡 Para maiwasan ang abala, tandaan ang 5 CHECKS BAGO MAG-FILE AT MAGBAYAD:

1️⃣ SIGURADUHIN ANG TAMANG DETAILS
Check your TIN, RDO Code, at Tax Type.

2️⃣ SUNDIN ANG FILE-FIRST, PAY-SECOND RULE
I-file muna ang return at hintayin ang confirmation bago magbayad.

3️⃣ TAMA DAPAT ANG TAX RETURN AT TAX TYPE
Piliin ang tamang BIR Form at Tax Code para sa iyong transaction.

4️⃣ MAGBAYAD NG TAMANG PERIOD AT AMOUNT
Double-check ang taxable period at eksaktong halagang babayaran.

5️⃣ I-CHECK ANG PAYMENT CONFIRMATION
Siguraduhing tugma ang payment sa filed return at itabi ang mga resibo para sa iyong records.

✅ 𝐓𝐚𝐦𝐚𝐧𝐠 𝐢𝐦𝐩𝐨𝐫𝐦𝐚𝐬𝐲𝐨𝐧 + 𝐭𝐚𝐦𝐚𝐧𝐠 𝐟𝐢𝐥𝐢𝐧𝐠 + 𝐭𝐚𝐦𝐚𝐧𝐠 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 = 𝐦𝐚𝐬 𝐦𝐚𝐚𝐲𝐨𝐬 𝐧𝐚 𝐭𝐚𝐱 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞!

📌 𝐓𝐚𝐧𝐝𝐚𝐚𝐧: 𝐀𝐧𝐠 𝐩𝐚𝐠-𝐝𝐨𝐮𝐛𝐥𝐞-𝐜𝐡𝐞𝐜𝐤 𝐛𝐚𝐠𝐨 𝐦𝐚𝐠-𝐟𝐢𝐥𝐞 𝐚𝐭 𝐦𝐚𝐠𝐛𝐚𝐲𝐚𝐝 𝐚𝐲 𝐦𝐚𝐚𝐚𝐫𝐢𝐧𝐠 𝐦𝐚𝐤𝐚𝐭𝐮𝐥𝐨𝐧𝐠 𝐮𝐩𝐚𝐧𝐠 𝐦𝐚𝐢𝐰𝐚𝐬𝐚𝐧 𝐚𝐧𝐠 𝐞𝐫𝐫𝐨𝐫𝐬 𝐚𝐭 𝐮𝐧𝐧𝐞𝐜𝐞𝐬𝐬𝐚𝐫𝐲 𝐝𝐞𝐥𝐚𝐲𝐬.

💬 TAXPAYER CHECK:
Sa limang steps, alin ang madalas mong nakakalimutang i-check bago mag-file o magbayad?
#1, #2, #3, #4, o #5? 👇

Tamang Tax, Tamang Remarks, Walang Abala! 🇵🇭💙💛

18/09/2026

Congratulations to our staff and former OJTs who graduated from the PUP Unisan Campus on September 17, 2026:

𝙰𝚓𝚒𝚗𝚎𝚕 𝚂. 𝚃𝚊𝚛𝚛𝚊𝚢 – 𝙱𝚂 𝙴𝚗𝚝𝚛𝚎𝚙𝚛𝚎𝚗𝚎𝚞𝚛𝚜𝚑𝚒𝚙, 𝙲𝚞𝚖 𝙻𝚊𝚞𝚍𝚎
𝙰𝚛𝚊 𝙼𝚊𝚎 𝙶. 𝙴𝚛𝚘𝚕𝚎𝚜 – 𝙱𝚂 𝙴𝚗𝚝𝚛𝚎𝚙𝚛𝚎𝚗𝚎𝚞𝚛𝚜𝚑𝚒𝚙, 𝙲𝚞𝚖 𝙻𝚊𝚞𝚍𝚎
𝙰𝚛𝚌𝚑𝚒𝚎 𝙶. 𝙼𝚎𝚍𝚒𝚗𝚊 – 𝙳𝚒𝚙𝚕𝚘𝚖𝚊 𝚒𝚗 𝙾𝚏𝚏𝚒𝚌𝚎 𝙼𝚊𝚗𝚊𝚐𝚎𝚖𝚎𝚗𝚝 𝚃𝚎𝚌𝚑𝚗𝚘𝚕𝚘𝚐𝚢, 𝙱𝚎𝚜𝚝 𝚒𝚗 𝙾𝙹𝚃

𝓣𝓱𝓪𝓷𝓴 𝔂𝓸𝓾 𝓯𝓸𝓻 𝓽𝓱𝓮 𝓱𝓪𝓻𝓭 𝔀𝓸𝓻𝓴 𝓪𝓷𝓭 𝓹𝓸𝓼𝓲𝓽𝓲𝓿𝓮 𝓮𝓷𝓮𝓻𝓰𝔂 𝔂𝓸𝓾 𝓼𝓱𝓪𝓻𝓮𝓭 𝔀𝓲𝓽𝓱 𝓾𝓼.

This is just the beginning — best of luck!
We are so proud of you!

18/09/2026

🏦 BANK / FINANCIAL INSTITUTION AUDIT CHECKLIST

A bank can process thousands of transactions every day.
Money comes in.
Money goes out.
Loans are granted.
Fees are charged.
Customers make transfers.
Systems record everything.

But for an auditor, the real question is
Can every significant transaction be traced, authorized, recorded and reconciled?
Follow the money.
CUSTOMER → TRANSACTION → SYSTEM → SETTLEMENT → RECONCILIATION

I. CUSTOMER ONBOARDING & KYC
Check whether:
☐ Customer accounts are properly opened
☐ Required identification documents are available
☐ KYC requirements are completed
☐ Customer information is accurate
☐ Customer risk classification is documented
☐ Beneficial ownership is identified where applicable
☐ Account opening is properly authorised
☐ Dormant/inactive accounts are properly controlled

🚩 Red Flags
• Accounts with incomplete KYC
• Duplicate customer profiles
• Unusual customer information changes
• Accounts opened without required approvals
• Dormant accounts becoming suddenly active

II. CASH & TELLER OPERATIONS
Check
☐ Teller cash limits
☐ Opening cash balances
☐ Cash received
☐ Cash paid out
☐ Teller transactions
☐ End-of-day cash counts
☐ Cash differences
☐ Surprise cash counts
☐ Supervisor review
☐ Cash transfers between tellers/vault

🚩 Red Flags
• Repeated cash shortages
• Frequent cash overages
• Unresolved teller differences
• Transactions split into smaller amounts
• Unusual transactions close to day-end

III. DEPOSITS & WITHDRAWALS
Select transactions and trace them from:
Customer request → Authorisation → Transaction → System posting → Receipt → Account
Check whether:
☐ Deposits are properly receipted
☐ Withdrawals are authorised
☐ Signatures/approvals are verified where applicable
☐ System entries agree with source documents
☐ Reversals are properly approved
☐ Manual adjustments are reviewed

🚩 Red Flag
The customer's instruction says ₦2 million, but the system shows ₦3 million.
Don't just correct the difference.
Find out how it happened.

IV. LOANS & CREDIT
This is a major risk area.
Check
☐ Loan applications
☐ Credit assessment
☐ Customer eligibility
☐ Approval limits
☐ Collateral documentation
☐ Loan agreements
☐ Disbursement
☐ Repayment schedules
☐ Interest calculations
☐ Overdue loans
☐ Restructured loans
☐ Write-offs

🚩 Red Flags
• Loans approved outside delegated authority
• Missing collateral documentation
• Loans to related parties without proper disclosure
• Repeated restructuring
• Loans granted despite poor repayment history
• Unusual manual interest adjustments

V. BANK RECONCILIATIONS
Check whether
☐ Bank accounts are reconciled regularly
☐ Reconciling items are investigated
☐ Long-outstanding items are followed up
☐ Unidentified deposits are investigated
☐ Unpresented payments are reviewed
☐ Suspense items are cleared promptly
☐ Reconciliations are independently reviewed

🚩 Red Flag
A reconciling item has remained outstanding for several months.
Don't simply tick:
☑ Reconciliation prepared.
Ask, “Why has it not been resolved?”

VI. FEES, CHARGES & REVENUE
Banks earn revenue from various fees and charges.
Check
☐ Approved fee structure
☐ Interest income
☐ Transfer charges
☐ Account maintenance fees
☐ Loan-related charges
☐ Other service fees
☐ Waivers
☐ Reversals
☐ Manual adjustments

Compare
Transactions performed against Fees charged against Revenue recorded

🚩 Red Flags
• Fees waived without approval
• Manual revenue adjustments
• Charges not applied to eligible transactions
• Unusual reversals

VII. SUSPENSE & EXCEPTION ACCOUNTS
Review:
☐ Suspense accounts
☐ Unposted transactions
☐ Failed transactions
☐ Unidentified balances
☐ Reversal accounts
☐ Clearing accounts
☐ Long-outstanding items

🚩 Red Flag
A large balance sits in a suspense account with no clear explanation.
Ask:
What is this money, who does it belong to, and why has it not been cleared?

VIII. BRANCH OPERATIONS & FIXED ASSETS
Check:
☐ Asset register
☐ Physical existence of assets
☐ Asset location
☐ Asset custody
☐ Maintenance
☐ Disposal
☐ Branch equipment
☐ ATMs and related equipment
☐ Security equipment

🚩 Red Flags
• Assets recorded but not physically available
• Unauthorized asset movements
• Repeated repair costs
• Disposed assets remaining on the register

IX. STAFF PAYROLL & EXPENSES
Check
☐ Employee records
☐ Attendance
☐ Payroll changes
☐ Overtime
☐ Staff allowances
☐ Staff advances
☐ Expense claims
☐ Branch expenses
☐ Terminated employees

🚩 Red Flags
• Payments to terminated employees
• Unusual overtime
• Unsupported expenses
• Repeated claims by the same employee
• Staff advances not retired

X. IT SYSTEMS & USER ACCESS
This is critical in a highly automated environment.
Check access to:
☐ Customer accounts
☐ Transaction processing
☐ Loan systems
☐ Fees and charges
☐ Customer master data
☐ User administration
☐ Reversals
☐ Transaction adjustments

Review
☐ User roles
☐ Segregation of duties
☐ Terminated user access
☐ Privileged access
☐ System logs
☐ Unusual transactions

🚩 Red Flag
One user can create, approve, process and reverse a transaction.
That's a major control question.

XI. FRAUD & UNUSUAL TRANSACTIONS
Use data and transaction reports to identify:
☐ Large unusual transactions
☐ Repeated reversals
☐ Transactions outside normal hours
☐ Dormant accounts becoming active
☐ Multiple transactions just below approval limits
☐ Unusual staff/customer relationships
☐ Frequent manual adjustments
☐ Unusual cash movements
☐ Duplicate transactions
Ask
Does this transaction make sense for this customer, this account and this situation?

XII. COMPLIANCE & REGULATORY CONTROLS
Check whether relevant regulatory and internal requirements are:
☐ Documented
☐ Communicated
☐ Implemented
☐ Monitored
☐ Tested
☐ Exceptions reported
☐ Corrective actions followed up
Also review whether regulatory reports are:
☐ Accurate
☐ Complete
☐ Submitted on time
☐ Supported by underlying records

🔎 THE AUDITOR'S GOLDEN FLOW
Don't audit the bank only through reports.
FOLLOW THE TRANSACTION.
CUSTOMER
↓
REQUEST / INSTRUCTION
↓
AUTHORISATION
↓
TRANSACTION
↓
SYSTEM POSTING
↓
SETTLEMENT
↓
RECONCILIATION
↓
GENERAL LEDGER

At each stage ask
What should happen?
What actually happened?
What could go wrong?
What control prevents it?
What evidence proves the control worked?

🚩 5 AREAS I WOULD CHECK FIRST
If you have only one day to audit a bank branch, look closely at
I. Cash & teller operations
II. Loans & credit
III. Reconciliations & suspense accounts
IV. Fees, reversals & revenue
V. System access & unusual transactions
Because sometimes the biggest issue isn't a missing document.
It's a transaction that looks normal until you follow it from beginning to end.

Auditribe Cares 🌹

18/09/2026

Saving money feels safe. But Rich Dad teaches that saving alone isn’t a strategy for getting rich.

Why? Because inflation can steadily reduce what your money can buy.

That’s why the rich think beyond simply accumulating cash. They focus on acquiring assets, creating cash flow, and increasing their financial education so they can make informed decisions about where their money goes.

Cash has a purpose. But the bigger question is: What are you doing with it?

Instead of only asking, “How much can I save?” start asking, “How can I use my money to acquire assets?”

That shift- from saving to owning- is at the heart of the Rich Dad philosophy.

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(Free shipping offer subject to terms, eligibility, and availability. See site for complete details.)

18/09/2026

17/09/2026

15/09/2026

tax audit update

14/09/2026

tax map