• Tailored engagement

    Privately owned and wealthy groups expect to be engaged and offered services based on their risk profile, including their choices and behaviours. They want tailored engagement that is timely, efficient and sensitive to the impact on the group's business and affairs.

    In response, we're improving our knowledge about business, industry and commercial realities, so that we can better understand your circumstances.

    If we identify a risk, our tax assurance process typically begins by contacting you to resolve or better understand the matter. If we find significant risks requiring further examination, we'll generally conduct a review, audit or both.

    Large privately owned and wealthy groups are important to community confidence in the tax and super systems. For this reason, we may use pre-lodgment reviews in certain circumstances.

    We're improving our review and audit processes to give you certainty about the duration of our engagements, clear escalation points and ways to reduce timeframes to minimise impacts on your business. And at all times we'll be transparent about the nature of our concerns.


    See also:

    Last modified: 20 Jan 2016QC 44839