Definition: Tax Pre-Audit and Due-Diligence Management is an IT concept that involves the use of technology to manage and streamline the process of tax pre-audit and due diligence. This includes the use of software and systems to automate tasks, improve accuracy, reduce errors, and ensure compliance with tax laws and regulations. Source: Investopedia Source reference: https://www.investopedia.com/terms/t/tax-audit.asp Additional information: The concept of Tax Pre-Audit and Due-Diligence Management is crucial in the modern business environment where tax laws and regulations are complex and constantly changing. The use of technology in this area helps businesses to stay compliant, avoid penalties, and reduce the time and resources required for tax pre-audit and due diligence. This includes the use of software for data collection, analysis, and reporting, as well as systems for tracking and managing tax liabilities and payments. These tools can also help businesses to identify potential tax savings and strategies for tax planning. Example: Examples of application of this concept include the use of tax software like TurboTax for individual tax pre-audit and due diligence, and more complex systems like Avalara or Vertex for businesses. These tools automate the process of tax calculation, filing, and payment, and provide features for tax planning and compliance management. Another example is the use of AI and machine learning in tax pre-audit and due diligence, which can help to identify patterns and anomalies in tax data, and predict potential issues or risks. LOST view: OV-Digital Public Services Catalogue Identifier: http://data.europa.eu/dr8/egovera/TaxPre-AuditAndDue-DiligenceManagementBusinessService EIRA traceability: eira:DigitalPublicBusinessService ABB name: egovera:TaxPre-AuditAndDue-DiligenceManagementBusinessService EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/TaxPre-AuditAndDue-DiligenceManagementBusinessService dct:title: Tax Pre-Audit and Due-Diligence management Digital Public Service