audit

ASIC Focus on Non-Compliance for Large Proprietary Company Audits in 2026

Hall Chadwick QLD 23 February 2026

ASIC is increasing enforcement in 2026 as many large proprietary companies remain non‑compliant with audit and lodgement obligations following the removal of grandfathering exemptions. Recent ASIC reviews found significant failures to lodge audited financial reports, prompting a stronger regulatory response. Companies are urged to review their reporting status and address any non‑compliance promptly.

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Audit Expenses and Record Keeping Requirements

Audit Evidence and Record Keeping Requirements

Hall Chadwick QLD 3 February 2022

Work-related expenses is an area in which we have experienced a recent lift in the ATO’s scrutiny.  With the 2021 lodgement due date fast approaching, we have put together a timely reminder of the supporting documentation and evidence you would be expected to produce if the ATO were to audit these claims in your personal tax return.

Read more on record keeping work-related car expenses, travel expenses and working from home expenses here. 

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