Auditor-General Audit Report No 44 2012-13, Performance Audit on “Management and Reporting of Goods and Services Tax and Fringe Benefits Tax Information“, was released on Thur 13.6.2013. The audit examined, for key ATO reported data, whether: (i) management arrangements (including quality assurance) were appropriate and effective; (ii) IT controls were appropriate and effective; and (iii) data reported was complete, reliable and timely.
The report said the ATO’s reporting of the sample of GST and FBT data examined by the ANAO was generally reliable, “indicating that users can be confident that the information provided is accurate”. The ANAO made 3 recommendations to strengthen the management and reporting of ATO information, which the ATO agreed with.
[LTN 112, 13/6/13]