Don’t rely on ASIC’s leniency, accounting body warns

While ASIC can traditionally be “a little lighter” in terms of enforcement at the beginning of a new regime, accountants should not be relying on any form of grace period once the accountants’ exemption expires on 30 June, the Institute of Public Accountants’ executive general manager – advocacy and technical, Vicki Stylianou, told SMSF Adviser.

Read the full story at SMSF Adviser.