Phillip Beswick explores the connection between tax governance and the role of technology.
At the Tax Institute, Victoria Forum, held over 11 and 12 October 2018, Phillip Beswick who heads Tax Governance for KPMG jointly presented with the Australian Taxation Office (ATO) on ‘Technology and Justified Trust’.
The four key topics that came out of that session were:
One of the concepts here the ATO talks in terms of is ‘positive assurance’, and how controls and reviews of data will become increasingly important in supporting this. Also on this point, in a separate session on tax governance, the ATO reiterated their increased focus on independent testing of tax controls.
To read more of this article, please register for KPMG Tax Now.
© 2020 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Liability limited by a scheme approved under Professional Standards Legislation.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.