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  • Better practice 2: documentation checklist

    Maintaining records that include the following documentation will help ensure that an entity has an adequate internal control environment in relation to FBT administration.



    Allocation of FBT responsibilities


    Records of all FBT transactions


    FBT procedures specific to the needs of particular work groups in the entity


    Internally prepared tax position papers


    Records of advice and discussions with the ATO and tax advisors


    Training needs analysis


      Last modified: 23 Jul 2015QC 18627