

How is knowledge and expertise shared within and between these teams? Is there a formal process for documenting and updating lodgement and reconciliation procedures?
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what is outstanding lodgement
- What information is needed to investigate outstanding lodgement? What are the different stages of a lodgement process?
- What are the specific challenges in international lodgements? How are regulatory changes impacting lodgement processes?
- What are the audit requirements related to lodgement reconciliation? How are segregation of duties principles applied in the reconciliation process?
- How are lessons learned from past reconciliation issues used to improve the process and prevent future occurrences? Are there any key risk indicators monitored in relation to the reconciliation process, such as the volume or age of outstanding differences?
- How is the impact of outstanding lodgements on key business metrics assessed?
- What are the metrics for evaluating the effectiveness of reconciliation? How often should the reconciliation process be reviewed and updated?
- What are the cybersecurity risks associated with electronic lodgements?
- What are the tolerance levels for outstanding lodgements? How are exceptions to the lodgement process documented and approved?
- How are these risks assessed and prioritized?
- How are external auditors involved in reviewing the lodgement process and the balance of outstanding lodgements?
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