



How are senior management kept informed about the status of outstanding lodgements? What are the key performance indicators used to track outstanding lodgement?
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what is outstanding lodgement
- What are the reconciliation procedures for intercompany balances related to lodgements?
- How are adjustments made to correct lodgement errors identified during reconciliation? What are the approval levels for reconciliation adjustments?
- How are batch processing of lodgements handled to ensure completeness and accuracy?
- How are supporting documents used and referenced during the reconciliation process to provide evidence for cleared items?
- How is compliance with these requirements monitored? What are the data privacy implications of handling lodgement information, such as GDPR or other privacy regulations?
- Are there any automated alerts or notifications generated for potential outstanding lodgements? How are manual and electronic lodgement processes monitored for potential issues leading to outstanding items?
- What types of lodgements can be outstanding?
- How can technology be used to provide better visibility into lodgement status?
- How does the organization ensure adherence to these accounting standards? How are complex or unusual lodgement transactions handled and accounted for?
- How are external auditors involved in reviewing the lodgement process and the balance of outstanding lodgements?
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