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ASIC issues stern enforcement warning to accountants

Following the release of its enforcement report and the speculation over regulatory leeway for accountants come 1 July, ASIC warned accountants operating under the AFSL regime not to expect special treatment.

ASIC issues stern enforcement warning to accountants
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Although ASIC has been understood to be “a little lighter” in terms of enforcement at the beginning of a new regime, a spokesperson told SMSF Adviser that accountants who act illegally come 1 July “are as much at risk of enforcement action as anyone else”.

Read the full story at SMSF Adviser.

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