---
title: "Prepare the licensee’s annual financial statements lodgement"
url: "https://ailawframework.com/practice/financial-services-regulation/prepare-the-licensee-s-annual-financial-statements-lodgement"
type: "task"
site: "AI Law Framework"
id: "A28-X20261018-2"
practice_area: "Financial Services Regulation (AFSL/ASIC/credit)"
tier: "green"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Prepare the licensee’s annual financial statements lodgement

> 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…

Canonical page: https://ailawframework.com/practice/financial-services-regulation/prepare-the-licensee-s-annual-financial-statements-lodgement  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Financial Services Regulation (AFSL/ASIC/credit)](https://ailawframework.com/practice/financial-services-regulation.md) |
| Human involvement | Green: AI drafts, lawyer checks |
| 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 / versions | 1 jurisdiction versions below |

## Checking plan

**Lawyer review required**

The responsible lawyer reviews the work against the instructions, sources and intended use.

- What the AI does: 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 does: 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.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a court classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.

## Checks the lawyer makes

1. 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.
2. Confirm the due date from the licensee’s financial year end and ASIC’s instructions.
3. Check the documents listed against the form requirements on the day.
4. Review the auditor’s findings for reportable matters before lodgement.

## Notes

- 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.

## Sources

- [ASIC, Submit Australian financial services licence annual financial statements form (FS70)](https://www.asic.gov.au/regulatory-resources/forms/forms-folder/submit-australian-financial-services-licence-annual-financial-statements) (checked 2026-10-18)

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/financial-services-regulation/prepare-the-licensee-s-annual-financial-statements-lodgement/united-states.md) | Red |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*