Michael arrived at his business premises and found two ATO auditors waiting for him. They
informed him that they were doing an audit and wanted immediate access to his records. Michael
is nervous and phones you for advice. Advise Michael of his rights
Solution
Answer:-
Access to the client\'s documents is governed by rights of access clause which states that access
to documents or information shall be allowed under the following principles:
After obtaining the consent of the client.
Where the member has a legal duty or right to disclose the information.
Where the members duty of confidentiality to the clients is override by the powers of third
parties to require access to the documents.
My advice to Michael is that the auditors should write him an authorisation letter to obtain the
authority from the client to permit access to the audit working papers and to allow provision of
explanation to them. He should them respond with a confirmation letter that he will not be held
responsible for any change to the proposed transactions. With this strict adherence to the
guidelines and procedures they can go ahead and access the documents..
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Michael arrived at his business premises and found two ATO auditors .pdf
1. Michael arrived at his business premises and found two ATO auditors waiting for him. They
informed him that they were doing an audit and wanted immediate access to his records. Michael
is nervous and phones you for advice. Advise Michael of his rights
Solution
Answer:-
Access to the client's documents is governed by rights of access clause which states that access
to documents or information shall be allowed under the following principles:
After obtaining the consent of the client.
Where the member has a legal duty or right to disclose the information.
Where the members duty of confidentiality to the clients is override by the powers of third
parties to require access to the documents.
My advice to Michael is that the auditors should write him an authorisation letter to obtain the
authority from the client to permit access to the audit working papers and to allow provision of
explanation to them. He should them respond with a confirmation letter that he will not be held
responsible for any change to the proposed transactions. With this strict adherence to the
guidelines and procedures they can go ahead and access the documents.
