Edward Chia on Corporate and Accounting Laws (Amendment) Bill
The Corporate and Accounting Laws (Amendment) Bill proposes many pro-business and practical reforms, but may present some challenges for smaller companies, said MP Edward Chia in parliament on Wednesday (Nov 5). These include privacy concerns when making the Accounting and Corporate Regulatory Authority electronic register more publicly accessible, not having compliance staff to keep pace with new requirements and how to qualify or apply for exemptions from full accounting standards.
The Corporate and Accounting Laws (Amendment) Bill proposes many pro-business and practical reforms, but may present some challenges for smaller companies, said MP Edward Chia in parliament on Wednesday (Nov 5). These include privacy concerns when making the Accounting and Corporate Regulatory Authority electronic register more publicly accessible, not having compliance staff to keep pace with new requirements and how to qualify or apply for exemptions from full accounting standards.
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