The Australian National Audit Office (ANAO) is conducting a performance audit to evaluate the efficiency of the Australian Taxation Office’s (ATO) transfer pricing (TP) management concerning loans between related parties. The ANAO proposes to examine:
- ATO’s strategic framework to manage the use of transfer pricing for related party debt;
- Transfer pricing risks management relating to related party debt; and
- ATO’s effective management of transfer pricing for related party debt.
Performance audits involve the independent and objective assessment of the administration of an entity or body’s programs, policies, projects or activities. They also examine how well administrative support systems operate.
The ANAO does not have a role in commenting on the merits of government policy but focuses on assessing the efficient and effective implementation of government programs, including the achievement of their intended benefits. The ANAO is scheduled to present its findings in March 2024.
