



What is the cost associated with investigating and resolving each outstanding lodgement?
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what is outstanding lodgement
- How are system access and user permissions managed in the lodgement system to prevent unauthorized modifications? Are there regular audits or reviews of the lodgement process to identify weaknesses that could lead to outstanding items?
- What are the different systems used for lodgement processing? How is data security maintained in lodgement processes?
- How are resources allocated to optimize the overall efficiency and effectiveness of the lodgement process? What are the key risks associated with the current lodgement process and the level of outstanding lodgements?
- What is the aging profile of outstanding lodgements (e.g., how many are outstanding for 30, 60, 90+ days)?
- How can management effectively monitor and control outstanding lodgements? What are the key elements of a strong outstanding lodgement management process?
- What are the incident response procedures for a security breach affecting the lodgement system? How are third-party vendors or service providers involved in the lodgement process managed from a security perspective?
- How are changes to these procedures communicated to relevant staff?
- How are lodgements related to trust accounts managed? What are the specific controls for lodgements involving related parties?
- What are the best practices for archiving lodgement records? How long should lodgement records be retained?
- How does outstanding lodgement affect audit opinions? What are the auditor's responsibilities regarding lodgements?
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