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  • Verifying electronic information

    We may use various methods to verify the accuracy and completeness of information provided electronically, including statistical sampling and forensic testing.

    If you maintain electronic financial records, we may use computer-assisted verification to analyse the records. This method allows us to test for errors, quantify a tax risk and identify particular items of interest.

    Computer-assisted verification has a range of benefits, including:

    • it may be cheaper and more efficient for you to give us information electronically
    • we may make fewer requests for paper copies of transactions and reports
    • we may need less time at your premises and so minimise disruption to your regular business activities.

    We use specialised computer verification software to verify that the electronic information you provide is accurate and complete. We can then conduct a series of tests on your data to ensure you comply with the tax laws.

    At the completion of the compliance activity, we will securely store the copied electronic information as part of our case file. Both the electronic and paper records provided to us are held in accordance with the secrecy provisions contained in the TAA and the Privacy Act.

    Find out more about respecting your privacy under Your rights in the Taxpayers' charter – what you need to know.

      Last modified: 22 Jun 2022QC 56551