This video outlines your key responsibilities for lodging AFS audit forms, how and when to lodge them, and the consequences of late lodgement. It also explains when you can request extra time, the limits around extensions, and what’s required in an application. Finally, it covers what to do if your auditor is underperforming or you want to replace them, including the requirements under section 990F of the Corporations Act and how to seek ASIC’s consent.
Video timeline:
- Audit Process (14s)
- Can you apply for an extension of time to lodge an audit (9min 30s)
- Changing your auditor (12min 20s)
