.png)
I have a Accountant client who is showing employer and member contributions only on the member statements. It is not disclosed as income on the P&L. He has properly disclosed all concessional contributions on the tax return and calculated tax properly. I have never come across this type of disclosure. Is this acceptable? He has been auditing the funds in-house previously and has come to me due to the new independence rules.
top of page
THE AUDITORS INSTITUTE | FORUM
Archived Forums
When you become a member of The Auditors Institute, you immediately gain access to expertise, advocacy for your profession and peace of mind.
Ask a question in our members-only forum or use the search function to find prior technical discussions on your topic. You can expect a response within 24-48hrs.
Disclaimer
The forum is made available by The Auditors Institute Ltd for the benefit of it’s members only, and its primary purpose is to facilitate education, training, and discussion between members. The information and answers provided within the forum are of a general nature and do not consider any specific circumstances, objectives, financial situation or needs related to the matter/s raised. The responses should not be construed as financial advice, and each Member should seek their own professional advice before making any decisions. The Auditors Institute Ltd and its representatives are not responsible for any actions taken based on the information provided in the forum.
bottom of page
Thank you very much. One learns something new everyday.