Tax

EY Australia is a voluntary signatory of the Australian Tax Advisory Firm Governance Best Practice Principles.  These were developed collaboratively and co-signed by Deloitte Australia, KPMG Australia and PwC Australia.  The Principles complement compliance with the legal, professional and regulatory regime applying to them, and comply with the current and future requirements relating to government procurement.  The Principles were developed to build further confidence and trust among wider stakeholders, including clients, the wider community, regulators, government and other agencies.

We continue to measure the Principles against our review and monitoring processes, and our local, global tax service line and firmwide policies to confirm that our tax services system of quality management support compliance with the Principles and are operating effectively.  EY has extended the application of the Principles across EY Oceania.  We also continue to introduce and embrace additional controls to strengthen compliance with our policies and procedures and our monitoring processes.

As a result of this ongoing review, we have confidence that the policies and procedures are operating effectively in the year to 30 June 2024 and, we are also considering additional ways that the Principles  might be used to further enhance trust and confidence in the role played by tax advisory firms in the tax system.  By continuously refining our approach we strive to set new benchmarks as market leaders in transparency, accountability, and ethical practices in the tax advisory field.