How to ensure your Tax Governance framework meets ATO standards

The focus of this principle is to ensure the financial records of businesses are true and fair. 

When considering whether this principle is satisfied, the ATO will want to find comfort that businesses have systems and controls to ensure accurate reporting, and that these controls are reviewed periodically to ensure they are operating effectively. Michael and Louis explore what taxpayers can do to demonstrate this principle, and whether their tax governance framework is operating effectively in the business.

For more information on this crucial element of tax governance, please join us in the eighth installment of RSM’s Demystifying Tax Governance series.  

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