The term 'Tax Inspection' can be summarized as an AUDIT, which is a five-letter word. An AUDIT is an official examination of an individual's or organization's financial records and accounts to ensure accuracy and compliance with applicable laws and regulations. Audits are typically conducted by independent third-party professionals, such as certified public accountants, who have the expertise and knowledge to assess the accuracy of financial statements. The purpose of an AUDIT is to provide assurance that the financial statements are free from material misstatement and accurately reflect the financial position of the entity being audited.