ASIC already shadow shopping, accountants warned

ASIC has already begun shadow shopping to ensure accountants are complying with their new licensing obligations, and compliance activity is set to ramp up in 2016, according to the Institute of Public Accountants.  Speaking at the IPA’s National Congress on the Gold Coast last week, the IPA’s Vicki Stylianou also warned that ASIC is treating the accountants exemption phase-out as a “hard and fast” deadline.

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