• How e-Audits are changing the way we engage with clients

    Conducting e-Audits is about providing a contemporary service to you in a digital environment. It is one of the approaches we use to ensure that businesses are paying the right amount of tax by assessing the integrity and governance controls of business and IT systems. It involves obtaining electronic data to compile, verify and analyse electronic record keeping and accounting information you provide.

    We are creating a level playing field by ensuring businesses are set up to pay the right amount of tax. If you are selected for a client engagement activity, an audit or a review and you maintain electronic records, we may consider the use of e-Audit to obtain and analyse your records.

    Benefits of an e-Audit

    The benefits of e-Audits include:

    • providing cost savings as we will ask you to provide us the information electronically which will result in less requests for paper copies of transactions or reports
    • minimising disruption to your regular business activities as we will spend less time at your premises
    • allowing us to analyse your electronic information more efficiently, accurately and thoroughly than existing manual methods
    • providing you with a risk assessment of your IT systems – as part of the Top 320 private groups and Top 1000 Tax performance programs (public groups) we will also conduct e-Audits to obtain evidence to achieve greater assurance that the largest public and private companies are paying the right amount of tax.

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      Last modified: 13 Nov 2017QC 53904