Qualify for all breaches in the normal breach section (because once you hit the $30000 limit, they must all be reported, even if individually, they are not material to normally warrant it – see the ATO’s 7 tests) and then in the “is there anything else you’d like to tell us” name the people involved and tell the ATO the full story, including that they left because you were doing the right thing. Because auditors lose money when we do what the ATO (and auditing standards) ask but you get trustees or accountants that lack the decency to do the right thing then blame the auditor for not allowing it.

APES110 would be even more effective if the ATO enforced against accountants and trustees who try to dodge.


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