New reporting regime tipped to expose old accounting habits
The planning community is reporting headaches caused by accountants who leave paperwork to deadline and backdate their documents, particularly in light of the new real-time reporting obligations coming into effect in July next year.
Speaking to Accountants Daily, Verante Financial Planning director and SMSF Association chair for NSW Liam Shorte said he works with accountants on a daily basis, revealing certain habits that may be detrimental when the new reporting regime kicks in.
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