“The ATO uses a range of tools and techniques to identify taxpayers that may warrant closer scrutiny. Reviews and audits are selected based on our assessment of the level of risk,” a spokesperson said.
Read more at MyBusiness.
ATO opens up on what triggers an audit
Being audited is a dread or even fear common to virtually all businesses and taxpayers alike. My Business asked the ATO to reveal what red flags usually trigger an audit, and whether the self-employed are more likely to be audited.
