IMPORTANT:
Any advice on this website is general only and should not be relied on as a substitute for legal advice tailored to your situation. imac legal & compliance pty ltd trades as imac legal and as imac compliance. We will always let you know beforehand whether we are acting as a law firm or as a compliance consultancy (and not as a law firm) for a particular matter. You have several rights and protections under the law when we act as a law firm.
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Change of Auditor Rules.
Life just got a tiny bit easier for businesses wanting to change auditors. ASIC has released an updated RG 26 covering appointment and removal of auditors. Now, so long as there is nothing untoward in the change (e.g. forum shopping because a company doesn’t like an incumbent auditor’s findings, impending financial woes) changes will typically be accepted by ASIC.