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Audit
A formal examination of financial records, processes, and systems to ensure accuracy and compliance with accounting standards. Audits can be internal or conducted by external auditors, and they help stakeholders trust a business’s financial statements by confirming they’re free from material misstatement.
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Annual GST Return (BAS)
The periodic Business Activity Statement Australian businesses lodge to report GST and other tax obligations.
ATO (Australian Taxation Office)
Australia's federal revenue collection agency, responsible for tax administration and compliance.
ABN (Australian Business Number)
A unique 11-digit identifier businesses use for tax and invoicing purposes in Australia.
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