Management and reporting of GST and FBT information – Released 13 June 2013
Introduction to the audit
The objective of this audit was to assess the effectiveness of the ATO’s management and reporting of selected information relating to the goods and services tax (GST) and the fringe benefits tax (FBT). The audit examined, for key ATO reported data, whether:
- management arrangements (including quality assurance) were appropriate and effective
- IT controls were appropriate and effective
- data reported was complete, reliable and timely.
The audit focused on ATO administrative processes and the reliability of ATO systems in extracting, collating and reporting data. It did not assess the accuracy of the estimation of revenue collections.
Information published by the ATO in publicly available reports informs the parliament and the community about the performance of the ATO in relation to the administration of the taxation and superannuation systems. Information published internally allows managers to provide sound advice and to make informed decisions. ATO data can also be used in a broader policy-development and research context.
Overall, the Australian National Audit Office (ANAO) found the ATO’s management and reporting of GST and FBT information to be generally reliable. The report was supportive of the ATO’s overall approach to improve its administrative processes and the reliability of its systems. The ANAO made three recommendations, which are aimed at:
- maintaining up-to-date data in the data warehouse
- documenting the development, testing, storage and quality control of data extraction queries
- measuring the achievements of the Enterprise Reporting Strategy against its long-term objectives.