ASIC places auditors at forefront of enforcement agenda

ASIC places auditors at forefront of enforcement agenda

According to the report, ASIC enforcement outcomes: January to June 2018, ASIC said it will continue to focus on the conduct of gatekeepers – including auditors, company directors and officers, insolvency practitioners and business advisers – to ensure that they meet...
Government ignores IPA lobbying on behalf of auditors

Government ignores IPA lobbying on behalf of auditors

In May, IPA chief executive Andrew Conway said he was working with the government around concerns about the three-year SMSF audit cycle.Then in June, the IPA ramped up its lobbying efforts, calling the government’s justification that the three-year cycle will reduce...
Ombudsman cites lack of STP support ahead of further rollout

Ombudsman cites lack of STP support ahead of further rollout

Currently, businesses with 20 or more employees must be compliant with the government’s STP, while those with 19 or less employees will need to be compliant from 1 July 2019.Speaking to the parliamentary house inquiry into impediments to business investment, ASBFEO...
Report highlights key financing barrier for new SMEs

Report highlights key financing barrier for new SMEs

In its report, Competition in the Australian Financial System, the Productivity Commission said that what is often termed as the ‘small business access to finance’ issue may be more accurately described as the ‘new business finance’ issue.It said lenders have...