In a recent development covered by Accountants Daily, the Taxation Ombudsman has initiated an investigation into the Australian Taxation Office’s (ATO) response to identity theft and compromised tax accounts.
- The Inspector-General of Taxation and Taxation Ombudsman is examining around 140 cases of identity theft involving the ATO.
- Tax practitioners are being asked to share their experiences with unauthorized access in the tax system.
- The investigation aims to assess the effectiveness of the ATO’s fraud prevention and detection measures.
This probe is significant for accountants, highlighting the importance of robust identity verification and compliance measures in tax practices.
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