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Challenges flagged in fit and proper test recommendation

An accounting body is considering whether the fit and proper person test approach taken by legal practitioners is suitable for tax practitioners, while noting that the recommendation presents challen

PwC acquires IT and risk management firm

The big four firm has acquired a Sydney-based IT security and risk management firm in an effort to bolster its take on privileged access management (PAM) services nationwide.

Treasury finds $27bn in JobKeeper paid to ineligible businesses

A review of the $89 billion wage subsidy conducted by Treasury has found that $27 billion was paid to businesses that didn’t record turnover downfalls in line with forecasts.

Economic sentiment strengthens even as confusion persists

Confidence surrounding economic conditions is growing within the accounting profession despite confusion being caused by differing reopening requirements state-by-state, according to a new survey.

ATO doubles down on lodgement benchmark support

The ATO’s assistant commissioner has confirmed practitioners will not lose access to their lodgement programs if benchmarks aren’t met, as the Tax Office shifts gears in a bid to “support” the profession.

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