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The ATO’s guidance on general purpose financial statements

CPA Australia Podcast

Release Date: 11/16/2017

A discussion with Jason Cassas and Peter Kidd (Grant Thornton Australia) about the legislation and recently issued guidance by the ATO that requires certain taxpaying entities to lodge General Purpose Financial Statements with the ATO.  The discussion will focus on the legislative requirements, the underlying reasons for the legislation and how the ATO sees the legislation being applied in practice, as set out in the ATO guidance.