Compensation calls justified but hard to quantify, says experts

Compensation calls justified but hard to quantify, says experts

Brown Wright Stein Lawyers partner Geoff Stein believes there are legitimate reasons for accounting professionals to feel disgruntled at the ongoing downtime plaguing the ATO’s digital platforms but says it will be difficult to quantify losses.“It may be that some...
Auditor sting results in yet another disqualification

Auditor sting results in yet another disqualification

The corporate regulator found that Kathleen Whittle had audited the funds of her immediate and close family members, breaching the auditor independence requirement of APES 110 Code of Ethics for Professionals Accountants.ASIC commissioner John Price said given the...
Regulators welcome second tranche of insolvency law reforms

Regulators welcome second tranche of insolvency law reforms

The second tranche of reforms came into effect on 1 September 2017, with the focus on the way funds are handled and introducing new requirements for creditor meetings and practitioner remuneration.The first tranche of insolvency reforms, which focused on registration...
ASIC boots third auditor in August

ASIC boots third auditor in August

ASIC announced yesterday that it had disqualified Chiu Man from being an approved SMSF auditor following investigations after being referred by the ATO under section 128P of the Superannuation Industry (Supervision) Act 1993 (the SIS Act). The corporate regulator...