Compliance Audits

U.S. CUSTOMS COMPLIANCE AUDITS


We help importers & exporters reduce their total duty burden while remaining compliant.


U.S. Customs Regulations Compliance Audits:

Your importing people are probably as knowledgeable about U.S. customs regulations as your finance people are about tax regulations. Annually, you bring in an outside accounting firm to perform an audit. This is not because your staff is incompetent, but because in finance, as in customs, it is prudent to have an outside expert analyze your systems and your work. You need an expert who can verify that you are complying with all U.S. customs regulations. An expert that has extensive experience working with both companies like yours and U.S. customs. An expert like International Tariff Management (ITM).

Request Customs Compliance Audit

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What Is Audited?

The passage of the 1993 Customs Modernization Act (Title VI of Public Law 103-182), shifts the legal responsibility for declaring value, classification and rate of duty applicable to entered merchandise to the importer. It requires importers to use reasonable care to assure U.S. Customs is provided with accurate data. Let us shoulder that responsibility.

A compliance audit involves the reviewing of written procedures, records and documents, as well as interviewing of personnel responsible for various activities that affect information submitted to the U.S. Customs and Border Protection. The objective is to determine if the information is sufficient to comply with the current regulations. Where a low or inadequate level of compliance is uncovered, written recommendations are made to bring it to an acceptable level.

The following areas, among others that might be specific to your company, are reviewed:

  • Antidumping / Countervailing Duties
 Assists

  • Classification
  • Management Control Environment

  • Non-dutiable Charges

  • Record keeping

  • Trans-shipments

  • Valuation

  • Written Policy and Procedures


    Focused Assessment

    • U.S. Customs officially implemented the Focused Assessment Program on October 31, 2001. This program reviews the import-related controls that a business has in place to meet the legal compliance requirements.

    • The compliance audit conducted by ITM will identify the "risk factors" your company has and suggest changes necessary to become compliant with the regulations. This will allow you to preempt the actual focused assessment review by U.S. Customs and have in place, prior to their audit, a compliant internal control system.

    Request Customs Compliance Audit

    A compliance audit conducted by ITM will identify the "risk factors" your company has and suggest changes necessary to become compliant with the regulations. This will allow you to preempt the actual focused assessment review by U.S. Customs and have in place, prior to their audit, a compliant internal control system. Simply click on the Request an Audit button below:

    To learn more about our services, please contact us:
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