Regulatory Alerts2025-10-01
Nexia Perth Audit pays penalty for prohibited non-assurance services
ASIC issued an infringement notice to Nexia Perth Audit Services Pty Ltd, requiring a $78,250 payment for failing to maintain auditor independence under APES 110. The regulator alleged that a network firm provided prohibited tax calculation services to an audit client, creating a self-review threat. This action stems from ASIC's proactive surveillance on auditor compliance, with further enforcement actions expected from the ongoing review.
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