To conduct a quality audit, the revenue agent must review the operations and records of the organization. The revenue agent will provide a written request - an information document request - for records.
For example, an information document request may ask for the organization’s
- Organizing documents and other information
- Articles of incorporation
- Board minutes
- IRS exemption determination letter
- Application for exemption (Form 1023 or 1024)
- Correspondence to/from the Internal Revenue Service
- Books and records
- Trial balance (beginning and ending balances)
- General ledger
- Subsidiary journals (e.g., cash receipts, cash disbursements)
- Bank statements and cancelled checks
- Sales receipts
- Donations received
- Purchase invoices
- Deeds and other title documents
- Contracts, leases, mortgages and loans
See Sample IDR for a list of information typically requested in an audit of a tax-exempt organization.
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