July 1st Changes to Auditing Standards for SMSF’s
On July 1st 2021 the ATO will enforce compliance to the new requirements set out in the APES 110 Code of Ethics for Professional Accountants, this restructured code identifies risks from auditors performing in-house audits.
By Lisa Taylor on 25 Jun 2021
COVID-19 Fraud Warpath
We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian Taxation Office (ATO) initiatives are searching out fraud and schemes designed to take advantage of the Government’s Coronavirus Economic Response Package.