KPMG Australia welcomes the publication of the Australian tax advisory firm governance – best practice Principles

Developed by KPMG Australia, Deloitte Australia, EY Australia and PwC Australia, with input from the Australian Taxation Office and the Tax Practitioners Board, the Principles aim to enhance public understanding of the important contribution of large advisory firms and further build community confidence and trust in the taxation system.

The Principles complement the robust laws, as well as the firm’s Values, which KPMG adheres to in its role as an Australian tax adviser.

KPMG’s Impact Statement for the financial year ending 30 June 2023 will include the annual confirmation referred to in Principle 4.3.

The Principles, which complement KPMG’s longstanding Global Principles for a Responsible Tax Practice, reflect the expectations the public should rightly have of reputable tax advisers.

July 2023 update

KPMG confirms it has reasonable confidence that the policies, procedures and internal controls which facilitate compliance with the Principles operated effectively in FY2022/23.