It has been almost a year since the notifiable data breaches legislation came into effect, and in this time, the ATO has been working on introducing various new security measures, many of which will impact accountants.
The Financial Adviser Standards and Ethics Authority (‘FASEA’) has finalised the acceptable pathways that advisers can take to meet FASEA’s education standards.
Advisers who offer standard template documents for SMSFs without asking clients for their preference may find themselves liable if the document doesn’t match the client’s instructions, warns an industry lawyer.
The accounting profession is younger than ever, more gender equal, and continually growing, according to new ATO data, disproving doomsday prophets who argue that technology will kill off the industry.
Accountants continue to rank highly amongst the most trustworthy professions, with face-to-face interactions vital in developing trust despite digital uptake.
It’s clear that both the bookkeeping and accounting professions and how they work together are changing but what does the future hold for this partnership?
A reminder to all our registered agents to be aware of the potential for credit card fraud, both for themselves and their customers. Recently, we’ve received a number of reports of stolen credit card details being used to register companies or make payments for companies on behalf of people.
Registered agents play a big role in educating and assisting companies to manage their business obligations. By ensuring that these companies meet their obligations, they are positively contributing to Australia’s economic wellbeing.