- July 28, 2021
- Presentations
- Audit, Regulators
Technical Summit 2021
This session will discuss the professional requirements, along with a practical review of the various independence structures being considered by practitioners. This session will also look at the proposed inclusion of a 20% referral fee benchmark in the APES 110 and how this benchmark is likely to be applied in practice from 1 July 2023.
At the end of the session, you will be able to:
- Obtain an understanding of the independence structures available to auditors;
- Gain an insight into the safeguards likely to be required, and;
- Understand the ATO’s position on the independence structures being discussed in the market place.
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association