— 2 minute read
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Jotham Lian
A
A
Chartered Accountants Australia and New Zealand, CPA Australia and the Institute of Public Accountants have now written to the Prime Minister’s office, calling for a new, co-ordinated plan to reform and standardise reporting and audit requirements in the private sector.
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The peak accounting bodies believe Australia’s current legislative financial reporting framework is characterised by a myriad of different, and often unclear, reporting requirements, driving up the complexity and compliance burden for businesses across all sectors, particularly small and medium enterprises.