... 1Overview of Revenue Audit • Denition and objectives of a Revenue Audit • Overview of a Revenue Investigation• Notication of a Revenue Audit/ Investigation 671. OVERVIEW OF REVENUE AUDIT 1.1 ... 353.5 YEARS, PERIODS AND ISSUES FOR AUDIT 353.6 AUDITING EARLIER YEARS, PERIODS OR ISSUES 36 CODE OF PRACTICE FOR REVENUE AUDIT Page52PENALTY TABLE 1 CATEGORY OF DEFAULTQUALIFYING DISCLOSUREFINANCE ... CourtThe majority of audit settlements for tax, interest and penalties are resolved by agreement with the taxpayer in the manner outlined in this Code of Practice for Revenue Audit. However,...