This course is designed to prepare students with the ability to evaluate companys subsidiary accounts and financial statement for taxation purposes. This will help them in applying the appropriate tax adjustments required for the difference between accounting and tax treatment to derive at the adjusted income. The course also helps to develop strategic thinking and decision making abilities of the students on the most appropriate audit technics to be applied in different audit situations. The accounting and tax treatment on contractors and developers are discussed to give an understanding of the recognition of income in these industries. Finally, the meaning of financial instrument and comparative methodologies in arms length principle in transfer pricing will give an understanding of solving audit cases in cross border transactions.