Taxpayer’s legal privilege waived in his rejection of Australian taxpayer status🔒 SSL Verified

Table of Contents

• ↓ Macquarie gives Hinchliffe clean chit after KPMG meetings
• ↓ Using AI in audits: Practical guardrails for every accounting firm
• ↓ Evidentiary DPN defence concerns: ATO needs to make leeway for individual circumstances
• ↓ Clarity urged on EV FBT transitional arrangements proposal
• ↓ Top Alternatives to accountingtimes.com.au

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"A taxpayer has had his legal professional privilege claim reduced and has been ordered to resubmit an expert report to support his claim that he is not a resident of Australia for tax purposes after incurring administrative penalties for returns across four income tax years."

"Following a review of its 2025 audit tender process with KPMG, Macquarie has cleared two non-executive directors of breaching their duties, including Michelle Hinchliffe, who admitted to having contact with key KPMG personnel during Macquarie’s audit contract bid."

"The AI debate has moved on from “does AI belong in accounting?” to “where do AI tools sit in our practice, and when should we not use AI?”, writes Louis Quintal."

"Not all directors are appointed willingly or with a complete understanding of the company, their responsibilities, or the implications of the role, with one accounting body opposing a blanket approach to DPN administration."

Key Topics & Focus Areas for accountingtimes.com.au:

Macquarie gives Hinchliffe clean chit after KPMG meetings

Using AI in audits: Practical guardrails for every accounting firm

Evidentiary DPN defence concerns: ATO needs to make leeway for individual circumstances

Clarity urged on EV FBT transitional arrangements proposal