Internal Audit ‘Tax’ Transfer Pricing
The internal audit of ‘tax’ transfer pricing involves a review of the company’s transfer pricing framework including policies, processes/systems, accountability, people and monitoring relevant to setting the arm’s length prices through to recording the company’s international related party dealings in the systems.
How does the internal audit of your ‘tax ‘transfer pricing benefit your company?
- Identify and understand areas of potential tax risk;
- Mitigate the risks and undertake appropriate actions; and
- Be ready to respond to any queries from the ATO.