The Australian Taxation Office (ATO) has issued a release urging privately owned and wealthy groups to document processes to identify and manage their tax issues and risks. --- Top 500 private groups – know your issues and risks Top 500 privately owned and wealthy groups should document processes to identify and manage their tax issues and risks. Our ongoing engagement with groups in the Top 500 tax performance program reveals that many do not have documented procedures for identifying and managing tax issues and risks relevant to the group. Having documented processes and checks-and-balances in place to recognise and manage...