ATO tipped to up scrutiny of tax agents

One BDO partner has tipped that tax agents will be an increased target of the regulators after an ATO trial last year on misuse of auditor registration numbers produced some concerning results.

by | 14 Jan, 2016

As SMSF Adviser reported mid last year, the ATO conducted the trial with 40 auditors to cross check the funds a particular SMSF auditor said they were auditing against the funds a tax agent said they were auditing, explained Shirley Schaefer, superannuation partner with accounting and advisory network BDO.

Read the full story at SMSF Adviser.

More from Public Accountant

ANZ strikes a deal with Pacific Island nations

ANZ strikes a deal with Pacific Island nations

$84bn lost to housing tax lurks? That would go a long way towards ending the housing crisis

$84bn lost to housing tax lurks? That would go a long way towards ending the housing crisis

‘Bold and broad’ inquiry reforms to restore trust in profession, says IPA

‘Bold and broad’ inquiry reforms to restore trust in profession, says IPA

Consulting inquiry hands down final recommendations

Consulting inquiry hands down final recommendations

‘More professional’ adviser cohort sees AFCA complaint levels plummet

‘More professional’ adviser cohort sees AFCA complaint levels plummet

Could Australia’s economy survive Trump’s position on China?

Could Australia’s economy survive Trump’s position on China?

Share This