Members of the professional accounting bodies are required to comply with the five fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour. There may be circumstances which make it more difficult for accountants to comply with the principles because they create specific threats to compliance. The circumstances can be the result of many different factors, and can produce more than one type of threat to compliance. The threats fall into one or more of the following categories (APES 110, 100.12): self-interest, self-review, advocacy, familiarity, intimidation.

Northcity Accountants is an Indipendent SMSF Auditor available to Audit your SMSF contact Julius@accountantsandtaxagents.com.au Or Tel 03 9404 2737

Located 7/545 McDonalds Road South Morang VIC 3752