This comprehensive virtual half day Masterclass equips your business with the essential knowledge and practical strategies to successfully navigate a customs audit.
From understanding the audit process and legal obligations to meticulous record-keeping and staff training, we’ll guide you through every step, ensuring you’re fully prepared and confident in achieving optimal audit outcomes.
The Masterclass will cover:
1. What is a Customs Audit?
- Purpose and scope of customs audits
- Different types of audits
- Potential consequences of non-compliance
2. Supply Chains
- Understanding your supply chain’s impact on customs compliance
- Identifying risk areas within your supply chain
- Import/export procedures and documentation
3. Customs Declarations
- Key elements of accurate customs declarations
- Common errors and how to avoid them
- Tariff classification and valuation
4. Compliance
- Essential customs regulations and legislation
- AEO (Authorised Economic Operator) status and benefits
- Staying up-to-date with changes in customs law
5. Legal Obligations
- Importer/exporter responsibilities
- Penalties for non-compliance
- Understanding your rights during an audit
6. Record Keeping
- Legal requirements for record keeping
- Best practices for maintaining accurate records
- Digital record keeping and data manageme
7. Staff Awareness & Training
- Importance of trained and knowledgeable staff
- Developing internal training programs
- Roles and responsibilities in customs compliance
8. Audit Notification & Preparation – FAQ
- What to expect when you receive an audit notification
- Gathering necessary documentation
- Developing an audit preparation plan
- Addressing common concerns and questions
9. Pre-Audit Visit
- Purpose and benefits of a pre-audit visit
- Key areas to focus on during the visit
- Effective communication with auditors
10. What Happens During the Audit – On Site
- Typical audit procedures and timelines
- Interaction with auditors
- Providing information and responding to queries
11. End of Audit Meeting
- Understanding the debriefing process
- Clarifying outstanding issues
- Next steps after the audit
12. Audit Findings and Recommendations
- Types of audit findings
- Responding to recommendations and corrective actions
- Implementing improvements to prevent future issues
13. Review
- Key takeaways and best practices
- Action planning for ongoing compliance
14. Questions & Discussion
Visit our events page to see current course dates.
