The ECF mission, resulting from the French ESSOC Law, consists of entrusting a Chartered Accountant or a Statutory Auditor to carry out an audit of specific aspects of the accounting records and tax calculation. This third party might have or have not carried out an assignment for your company before. Our employees are fully independent in carrying out that mission which contributes to a more secure environment for companies from a tax point of view.
Whether or not we have already intervened for an assignment with your company, Houdart A&C can carry out an ECF mission for your company and make the necessary conclusions on the audit points provided for by the legislation governing this assignment.
The content of the mission, the audit points to be validated and the methods to conduct the ECF for each point of the audit path are defined very precisely by decree n ° 2021-25 of January 13, 2021.
The objective of this mission is to allow your business to escape the most common tax risks and to secure its tax returns.
Interests of the ECF mission
From a business perspective, this tax audit has the advantage of preventing the most common difficulties that can arise during tax audits from the French Tax Administration.
As a corporate initiative, the ECF enables to reduce the frequency of those tax audits.
The certification resulting from the ECF mission has the value of express mention. Thus, in the event of verification carried out by the French Tax Administration, the points disputed by the administration which would have been validated during an ECF, will carry neither penalty nor interest on late payment.
ECF audit points
- Check the accounting entry file (FEC)
- The quality of the FEC file
- Software or certified cash register system
- The document preservation method
- The income tax and VAT regime
- Depreciation rules and their tax treatment
- Determination of provisions and their tax treatment
- Determination of accrued charges and their tax treatment
- The qualification and deductibility of exceptional charges
- The VAT liability