SMSF Association Submission – Response to PWC – Regulation of accounting, auditing and consulting firms in Australia (Consultation Paper)

The SMSF Association welcomes the opportunity to provide this submission in response to the Treasury consultation paper on the regulation of accounting, auditing and consulting firms in Australia.

We acknowledge the importance and weight of this consultation, recognising the important roles that large accounting, advisory and audit firms play in our financial markets, institutions and Government. The design of any legislative or regulatory frameworks which flow from this consultation must be designed with these markets and stakeholders in mind. We ask that Treasury take a careful and considered approach to ensure that the reach of such changes do not extend to the many small firms who operate in different markets and under different regulatory frameworks.