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 in August 2022 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 June 2023 included the initial 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 2024 update
KPMG confirms it has reasonable confidence that the policies, procedures and internal controls which facilitate compliance with the Principles operated effectively over the period 1 July 2023 to 30 June 2024.
Refer to the Tax Practitioners Board (“TPB”) website (https://www.tpb.gov.au/home) for information such as:
- how to access to the searchable public register of tax agents and BAS agents maintained by the TPB
- how you can make a complaint about a tax agent service you have received, including further information about the complaint process of the TPB.
For more information about your obligations to the Australian Taxation Office (“ATO”), as well as KPMG's obligations to clients, the TPB, and the ATO as a tax practitioner, please refer to the TPB's Information for Clients factsheet – Tax Agents (PDF 805KB).
