A New Tax System (Family Assistance) (Administration) Act 1999

An expert who audits a provider under section 203C must prepare and give to the Secretary a report about the affairs of the provider.

The expert’s report must deal with the following:

whether the provider’s financial statements are based on proper accounts and records;

whether the financial statements are in agreement with the accounts and records and show fairly the financial transactions and the state of the provider;

any matter specified by the expert’s terms of engagement;

such other matters arising out of the financial statements as the expert considers should be reported;

any recommendations relating to maintaining or improving the financial viability of the provider that the expert considers desirable.