Tax Smart Australia

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BOOKKEEPING FRAUD ON THE RISE

The Association of Accounting Technicians (AAT) issued a media release on 28th January, 2011 highlighting the need for business owners to ensure the bookkeeper they engage is ethical and appropriate.

Business owners are urged to require the bookkeeper they engage to do their account keeping to be registered as a BAS agent under the Tax Agent Services Regime.

An additional qualification is that the bookkeeper is also a member of a professional account keeping association such as the AAT. The AAT was established in Australia in 2002 and is supported by the major accounting bodies which include the Institute.