This paper focuses on the differences between statutory tax exemptions considered by auditors, member to the Association of Certified Public Accountants and tax assessors of the State Tax Affairs Organization on legal entities tax files subject to article 272 of the Direct Taxing Act. Due to the non-normal nature of test data, non-parametric statistical methods (Wilcoxon, Mann Whitney, Kruskall-Wallis) were used for research hypotheses. The study covered a four-year period (2005-2008) and included 612 companies audited under article 272 of Direct Taxing Act. The Results of the study showed a significant difference between statutory tax exemptions considered by auditors, member to the Association of Certified Public Accountants and tax assessors of the State Tax Affairs Organization on legal entities tax files subject to article 272 of the Direct Taxing Act. Features of the companies (e.g. public or private nature, membership in stock market, etc.) influenced those differences. Also, for companies whose taxes were audited by individual or company auditors, member to the Association of Certified Public Accountants, the difference was significantly independent of the type of auditor involved, so individual or company auditing had no effect on the results.

Keywords: Financial Auditing, Tax Auditing, Taxable Income, Article 272 of Direct Tax Act, Statutory Tax Exemptions, Association of Certified Public Accountants

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