“Say nothing” is a mantra that does not work in a corporate situation including:
- communicating with the board of directors/audit committee
- impact of disclosing board papers/directors minutes to the ATO
- communicating with the other parts of the management, internal auditors and external auditors
- communicating with external advisers
- communicating with the ATO
- keeping track of all the communications
- requests for a BPR
- impact of the promoter penalties
- appropriate governance protocols
- how do you find out what you don’t know but (based on hindsight) you do need to know?