SeeSALT Blog
On September 25, 2000, the California Franchise Tax Board (FTB) issued FTB Notice 2000-7, which requested public comment and gave notice of a symposium regarding a new proposed regulation relating to audit procedures. The FTB’s proposal is to add Regulation section 19032, “Audit Procedures,” to Title 18 of the California Code of Regulations. This article traces the progress of the FTB’s proposed regulation over the course of the past year, and highlights some of the most significant and controversial provisions of the current draft.