Reference no: EM132473755

ATOs Corporate Management Practice Statement is issued under the authority of the Commissioner of Taxation and serves a guide to ATO employees for dealing with taxation frauds. It promotes understanding of the Commonwealth Fraud Control Guidelines 2002, the Prosecution Policy of the Commonwealth and the Australian Government Investigation Standards documents its policy and attitude towards fraud.

The document can be accessed at;

A hard copy of the statement can also be obtained from your trainer/assessor. Review the document, with the context of taxation fraud as a wider issue and write summary report covering the following aspects. You will also need to conduct online research on legal requirements related to taxation.

Question 1. A brief overview of the Australian taxation law

Question 2. Definitions of reporting and non-reporting entities

Question 3. Documentation requirements for reporting entities

Question 4. Documentation requirements for non-reporting entities

Question 5. Typical taxation parameters for preparing a tax return

Question 6. A summary of the purposes of the Corporate Management Practice Statement

Question 7. Examples of internal frauds

Question 8. Examples of external frauds

Question 9. Explanation of ATO's decision tree to deal with taxation fraud related matters

Question 10. Penalties and prosecution provisions under relevant laws/statues