Question: what is the body or person who controls and enforces...
What is the body or person who controls and enforces that businesses follow the two Tax Acts?
In a paragraph or two explain a company directors financial reporting obligation and the financial knowledge they are required to have. Go to the link below as a starting point.
https://asic.gov.au/regulatory-resources/financial-reporting-and-audit/directors-and-financial-reporting/#reporting and https://asic.gov.au/regulatory-resources/financial-reporting-and-audit/directors-and-financial-reporting/#obligations
What is the current business taxation and reporting requirements for companies?
Go to the link below as a starting point.