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Managerial-level controls

Last updated 24 August 2022

For managerial-level controls, where a formalised document is endorsed by senior management or above; evidence of formalisation should be obtained (for example, physical/electronic sign off by Head of Tax, CFO, CEO, or minutes from board (or sub-Committee) meetings). Management may have draft documents or completed documents that are pending approval. These should be reported as observations and copies of the previously approved version and the current draft version should be obtained to note the entity's intent of strengthening their tax control framework. The tax control framework should encompass all tax types including excise, GST and other relevant indirect taxes.

The entity may point to a different section of a document that has already been collected in other procedures within this guide; in these circumstances, reference those documents and note the page numbers or sections which correspond to these procedures.

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