Times of change: ASIC update for the accounting profession
A speech by John Price, Commissioner, Australian Securities and Investments Commission at the 2016 Institute of Public Accountants NSW & ACT Conference (Sydney, Australia), 1 December 2016
Good morning, and thank you to the Institute of Public Accountants (IPA) for the opportunity to present to you again today. You may recall that I spoke to you earlier this year at the IPA Public Practice symposium. In my presentation today, I want to update you on many of the same topics that I covered in my previous presentation. There is a lot of work happening in the accountants’ sphere that is of relevance, and hopefully interest, to you.
Today’s presentation will cover:
- what ASIC is doing to help small business
- an update on ASIC’s role in self-managed superannuation fund (SMSF) matters – for example, SMSF auditor registration and the regulatory landscape post the 1 July 2016 reforms for any practitioner who provides advice about self-managed super
- how we work with other regulators, providing an update on our work with the Australian Taxation Office (ATO) and an update to our joint strategic priorities.