On Friday, Treasury released a discussion paper on the three-year audit cycle measure for SMSFs which made proposals around the eligibility and transitional arrangements for the audit industry.
Read the full article at SMSF Adviser.
New details of three-year audits slammed as ‘naïve and messy’
The SMSF industry has identified various holes in the newly proposed framework for the three-year audit cycle with some professionals concerned it will increase risks for accountants and undermine the approach of regulators.
