RMO No. 12-98 — Prescribes the policies and procedures to implement the 1998 Audit Program Digest

REVENUE MEMORANDUM ORDER No. 12-98 issued February 17, 1998 prescribes the policies and procedures to implement the Audit Program for 1998 by specifying the coverage (mandatory and other priorities) as well as the exceptions to the Program. Letters of Authority (LA)/Audit Notices (AN) will be issued to cover 1996 and 1997 internal revenue tax returns. One LA/AN will be issued for each taxable year. All taxpayers selected for audit by the Revenue District Offices must be submitted in a list, through the Regional Director, to the Assistant Commissioner, Assessment Service, for approval before issuance of LAs/ANs.