Prepare the licensee’s annual financial statements lodgement
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- From the licensee’s financial year end, audited accounts and prior lodgments, populate the lodgement checklist and calendar for the annual financial statements, list the documents to be lodged and their status, and flag any audit or compliance matter the auditor has raised.
- What the lawyer must review
- The lawyer or compliance manager confirms the due date and the documents required for this licensee, checks the auditor’s findings for any reportable matter, and confirms lodgement through the Regulatory Portal.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the licensee’s financial year end, audited accounts and prior lodgments, populate the lodgement checklist and calendar for the annual financial statements, list the documents to be lodged and their status, and flag any audit or compliance matter the auditor has raised. |
| Lawyer | The lawyer or compliance manager confirms the due date and the documents required for this licensee, checks the auditor’s findings for any reportable matter, and confirms lodgement through the Regulatory Portal. |
Checklist
- Confirm client and complaint records go only into a tool the licensee has approved for customer data, and that outputs disclose no client information beyond what the recipient needs.
- Confirm the due date from the licensee’s financial year end and ASIC’s instructions.
- Check the documents listed against the form requirements on the day.
- Review the auditor’s findings for reportable matters before lodgement.
Sources
- ASIC, Submit Australian financial services licence annual financial statements form (FS70) · 2026-10-18
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.