The Auditing of E-Commerce Transactions at the European UnionThe EU levies VAT, and as the taxing authority it bears responsibility for auditing. It issues directives and establishes institutions for taxing and auditing e-commerce transactions involving companies as well as individual consumers and merchants. It has established audit standards so that an audit trail is maintained, and transactions can be traced.
The following questions have been addressed in this article:What Role Does The EU Play In The Auditing Of E-Commerce Transactions?
What Audit Authority Does The EU Retain Over E-Commerce Companies and Customers?