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.
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