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READ MOREAuditors fear fee drops distort benefits of proposed changes
Any likely cost savings from the proposed three-year audit cycle will be overshadowed by the diminished integrity of the SMSF industry, as auditors continue to question the government’s move.
With Treasury’s consultation period on the proposed three-year audit measure for SMSFs with good compliance history closing on Friday, the industry has stepped up its lobbying efforts, warning government that the change would be a “ticking time bomb”.
Read the full article at Accountants Daily.
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