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  1. Refer to the letter from the ATO in the “Case Study Working Files” that has the reference, BMC 2011/06-1. Also refer to the attachments entitled, GST [Detail – Accrual], GST [Detail – Cash] and the BAS for the quarter, 1/4/2013 to 30/6/2013. In the letter, the ATO confirms, based on the information initially given to the ATO when “BMC” applied for GST registration online, that they would account for GST quarterly, but on an accrual basis. You can assume that the details in this letter are correct.

Also refer to the “BMC” extract from their “Policies and Procedures” manual, point 2 entitled, “GST and BAS reporting” in the “Case Study Working Files”. In this, it states that business is registered for GST reporting quarterly on a CASH BASIS. Using the Payroll Activity [Summary] report contained in the “Case Study Working Files” together with the , GST [Detail – Cash] report, the Accountant for “BMC”, Joe Frush has used these reports to complete and submit the last quarter’s GST and PAYG.
In your opinion, after investigating this BAS as a sample document as part of your audit, is the BAS correct taking into account all of the evidence and documentation above? If no, what should be the correct payment to the ATO have been?
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Clues on how to approach the Audit Report – Workplace Audit Simulation Question Refer to the letter from the ATO in the “Case Study Working Files” that has the reference, BMC 2011/06-1. Also refer to the attachments entitled, GST [Detail – Accrual], GST [Detail – Cash] and the BAS for the quarter, 1/4/2013 to 30/6/2013. In the letter, the ATO confirms, based on the information initially given to the ATO when “BMC” applied for GST registration online, that they would account for GST quarterly, but on an accrual basis. You can assume that the details in this letter are correct. Also refer to the “BMC” extract from their “Policies and Procedures” manual, point 2 entitled, “GST and BAS reporting” in the “Case Study Working Files”. In this, it states that business is registered for GST reporting quarterly on a CASH BASIS. Using the Payroll Activity [Summary] report contained in the “Case Study Working Files” together with the , GST [Detail – Cash] report, the Accountant for “BMC”, Joe Frush has used these reports to complete and submit the last quarter’s GST and PAYG. In your opinion, after investigating this BAS as a sample document as part of your audit, is the BAS correct taking into account all of the evidence and documentation above? If no, what should be the correct payment to the ATO have been? Rate 5 to earn a free unlock. Helpful Unhelpful Created with an evaluation copy of Aspose.Words. To discover the full versions of our APIs please visit: https://products.aspose.com/words/ School of Vocational Business EducationSave Date: SAVEDATE @ “dd/MM/yyyy” * MERGEFORMAT 27/03/2018 Page PAGE 2 of NUMPAGES 7

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AUDITING.docx