Reported by www.accountantsdaily.com.au: The Tax Practitioners Board recently issued guidance highlighting that tax practitioners must self-report significant breaches of the Code of Professional Conduct, even when these arise from errors in third-party software.

A case study detailed in the guidance illustrates a BAS agent who, despite taking corrective actions, was required to report the breach due to reliance on faulty software outputs.

This emphasizes the practitioner’s ultimate responsibility for ensuring compliance and the accuracy of their tax services, regardless of the technology used.