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IMF Country Report No. 23/96
ST. KITTS AND NEVIS
TECHNICAL ASSISTANCE REPORT––STRENGTHENING CORE BUSINESS FUNCTIONS AUDIT CAPACITY (RTAT)
February 2023
This technical assistance report on St. Kitts and Nevis was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in April 2022.
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© 2023 International Monetary Fund
Title page
TECHNICAL ASSISTANCE REPORT
ST. KITTS AND NEVIS
Strengthening Core Business Functions Audit Capacity (RTAT)
APRIL 2022
Prepared By
Martin Roche
MEMBERS
Anguilla, St. Kitts and Nevis, Aruba, The Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, Cayman Islands, Curaçao, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Maarten, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands
PARTNERS
Canada, United Kingdom, European Union, Netherlands, Mexico, Caribbean Development Bank, USAID, Eastern Caribbean Central Bank
DISCLAIMER
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of St. Kitts and Nevis (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon t heir request, to World Bank staff, and other technical assistance providers and donors with legitimate interest, including members of the Steering Committee of CARTAC, unless the TA recipient specifically objects to such disclosure (see Operational Guidelines for t he Dissemination of Technical Assistance Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest, including members of the Steering Committee of CARTAC, shall require the explicit consent of the TA recipient and the IMF’s Fis cal Affairs Department.
MEMBERS
Table of Contents
Acronyms and Abbreviations
Executive Summary
Main Findings
Introduction
Training of the Financial Sector Audit Team
Review of several returns and drafting an Audit Program
Effects of Covid-19
Profile Meetings
Agreed Next Steps
Appendix
Appendix I. List of Training Topics
DM# 7256828
Acronyms and Abbreviations
| CARTAC | Caribbean Regional Technical Assistance Centre |
| CD | Capacity Development |
| IRD | St. Kitts and Nevis’ Inland Revenue Division |
| RTAT | Regional Tax Audit Team Training Program |
