Submissions

  • APES 110 - Objectivity of an Engagement Quality Reviewer

    The Institute of Public Accountants supports the proposal in ED 02/21 to incorporate an Australian paragraph AUST R325.8.1 to enhance and clarify the requirement that an Engagement Partner cannot undertake the role of an Engagement Quality Reviewer for the same Audit Client without completing a two-year cooling-off period between the two roles.

  • Draft Regulator Performance Guide

    The Institute of Public Accountants (IPA) welcomes the opportunity to comment on the Draft Regulator Performance Guide.

  • Single Disciplinary Body for Financial Advisers

    Overall, the IPA supports the measures in the Bill and in particular, supports the establishment of a Single Disciplinary Body (SDB) for financial advisers; and the removal of Tax (financial) Advisers (TFAs) from the Tax Agent Services Act 2009 (TASA).

  • Review of the Australian Financial Complaints Authority

    The Institute of Public Accountants (IPA) welcomes the opportunity to offer our views on the review of the Australian Financial Complaints Authority (AFCA) and we appreciate the extension of time provided.

  • PCG 2021/D2 Allocation of professional firm profits – ATO compliance approach

    The Institute of Public Accountants (IPA) have further considered draft PCG 2021/D2 Allocation of professional firm profits - ATO compliance approach (the draft PCG). Following on from the joint submission already sent, we wish to make further comments on some more specific issues relevant to our member firms and members.

  • Joint Bodies: PCG 2021/D2 Allocation of professional firm profits – ATO compliance approach

    CPA Australia, Chartered Accountants Australia and New Zealand, Institute of Public Accountants, the Business Law Section of the Law Council of Australia and The Tax Institute (together, the Joint Bodies) have considered draft PCG 2021/D2 Allocation of professional firm profits - ATO compliance approach (the draft PCG). The following comments represent our general collective views on the draft PCG, and these will be complemented with more specific, separate submissions from our respective associations, member firms and members.

  • Consultation Paper: Increasing financial reporting thresholds for ACNC – registered charities

    The IPA believes reporting by not-for-profit (NFP) entities, and charities in particular, need to be considered from a public-accountability viewpoint. Charities are the recipients of donations from the public (taxpayer funding) and are often the conduit for the delivery of social services (sometimes via contractual arrangements with government) that requires a level of transparency and accountability that is not always delivered.