Learn how to prepare for an audit and complete the audit as efficiently and successfully as possible.
U.S. Customs and Border Protection (CBP) import regulations on the classification, valuation, rules of origin, and special trade programs, among others, can be confusing, technical, and expansive. From small businesses to large corporations, anyone who imports can be subject to these regulations. CBP regularly audits importers to ensure compliance and avoid government revenue loss through unpaid duties. Without adequate preparation, a company selected for a Customs audit risks being caught off-guard by the resource-intensive demands of the audit and consequences of non-compliance. This presentation will explain the Customs audit process from start to finish, including importer responsibilities and areas of evaluation. The program will additionally cover the laws and regulations behind CBP's audit authority and an overview of the types of Customs audits and assessments. Also discussed are the best practices for how to prepare for an audit, and providing tips and recommendations to complete the audit as efficiently and successfully as possible.
Agenda
Faculty
Derrick Kyle
Torres Trade Law, PLLC
- Senior Associate, Torres Trade Law
- Assists clients with all facets of global trade, including customs, export controls, and sanctions laws. Also has experience classifying products within the Harmonized Tariff Schedule, obtaining tariff exclusions from the U.S. Trade Representative, completing prior disclosures with U.S. Customs and Border Protection (CBP), submitting protests and petitions to CBP, and obtaining favorable results for clients. He also assists clients to understand the application of CBP partner government agency regulations
- Regular speaker and presenter on various import, export, and sanctions topics
- Author of U.S. Trade Compliance Due Diligence, Mergers & Acquisitions Review, 15th Edition, The Law Reviews (with Olga Torres) (2021), and A Crude Awakening U.S. Sanctions on the Russian Oil Sector, State Bar of Texas International Law Section, International Newsletter (2018) (with Olga Torres and Andrea Fraser-Reid)
- Bar Admissions at the State of Texas and the United States Court of International Trade
- Southern Methodist University Dedman School of Law (J.D., cum laude), and Texas A&M University (B.A., cum laude)
- Contact information: Email: [email protected]; Phone: 214-295-8473
Anthony Saranchak
Torres Trade Law, PLLC
- Senior Customs Advisor, Torres Trade Advisory
- Has had positions at US CBP, Assistant Field Director, Regulatory Audit; KPMG, Manager International Trade & Customs; Jones Apparel Group, Manager Customs Internal Audit; Treasury Inspector General for Tax Administration (IRS) Auditor, and as International Trade Consultant since 2015.
- Accounting and auditing background provide key knowledge and experience for trade areas of Valuation to include Basis of Appraisement, Related Party Transactions and Additions to the merchandise value; Free Trade Agreements; Special Duty Preference Programs; Recordkeeping; Drawback; Preparing, and assisting importers with CBP Audits and Prior Disclosures
- Speaking engagements include national conferences at the Institute of Internal Auditors, the Association of Certified Fraud Examiners, and Instructor at Federal Law Enforcement Training Center.
- Author of Torres Trade Advisory Newsletters articles: “Customs Valuations, Statutory Additions and More!” May 2022; “Recent Court Order Reminds Importers to Carefully Review First Sale for Export Claims for Nonmarket Influences” September 2021; and “Customs Valuation: Are you Inadvertently Undervaluing Imported Merchandise?” May 2021
- Certified Public Accountant and Certified Fraud Examiner
- University of Scranton, BS Accounting; Villanova University, Master Certificate in Applied Project Management
- Contact information: Email: [email protected]; Phone: 214-295-8473
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
More Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
