Time frame for three-year audit measure fast dwindling

With only a small number of parliamentary sitting days left before the election next year, SMSF auditors have their fingers crossed that legislation for the measure won’t be introduced any time soon.

Speaking in a recent Accountants Daily podcast, ASF Audits executive general manager of technical services Shelley Banton said that the time frame left for the government to pass the legislation for the three-year audit measure is growing increasingly shorter with the federal election expected in either April or May.

Read more at SMSF Adviser.

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