Question: 1Explain the process by which a business reports GST to the Australian tax office. 2.Describe the type of entity that is required to have financial

1Explain the process by which a business reports GST to the Australian tax office.

2.Describe the type of entity that is required to have financial reports audited.

3.Explain the purpose of a financial audit and auditors report.

4.Describe why companies may choose to develop budgets.

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