Tag: Audit

The ACCC has announced that franchisors in the take-away food and fitness industries will be audited to ensure compliance with the Franchising Code of Conduct.

Each year the Australian Taxation office targets key sectors of Australian business for audit campaigns – in its Compliance in Focus 2013 notice, small businesses are among those to have drawn the short straw.

Does the thought of a tax audit make you break out in a cold sweat?

Many Australian businesses are not protecting themselves against the risk their customers might go insolvent, according to a joint survey by the Institute of Internal Auditors – Australia (IIA) and credit insurer, Atradius.

The Australian Tax Office (ATO) has teachers, engineers and mechanics in its sights this year, advising that it plans to audit large claims from these professions for the 2009-2010 financial year.

Australian businesses can reduce the chance of an audit by adopting new online accounting software under the Government’s new Standard Business Reporting (SBR) initiative.