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ASIC Reduces red tape for changes of auditors

ASIC Reduces red tape for changes of auditors ASIC today announced a fundamental change to its approach to consenting to the resignation, removal and replacement of auditors. ASIC will now generally consent to the resignation of an auditor at any time of the year, subject to some conditions. Previously, ASIC only consented to the resignation […]

ATO reminder on when to appoint an SMSF auditor

ATO reminder on when to appoint an SMSF auditor The ATO has reminded tax agents and trustees that, in June 2013, the regulation that prescribed the period for appointing an approved auditor was amended. The change means that trustees and their tax agents now need to appoint an approved auditor no later than 45 days before […]

Amendments to Auditor Independence requirements

Amendments to Auditor Independence requirements  The accounting professional and ethical standards board (APESB) has released amendments to APES110- code of ethics for professional accountants, to align it with the recent amendments to the international code issued by the international ethics standards board for accountants (IESBA). The revisions to the code incorporate IESBA’s amendments in respect […]