audit

Tips and traps for SMSFs when moving auditors

  The start of the SMSF audit season can also be the time of year that people consider whether they want to change their audit provider — generally from the beginning of the new financial year to after the end of August. There can be various reasons why an SMSF service provider such as an

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A modern solution for the annual SMSF audit

  Rosie Squibb is a Chartered Accountant operating her own practice in the Nambucca Valley on the mid-north coast of NSW and provides tax and accounting services and advice to SMSF trustees. As readers will know, Section 35C of the SIS Act requires all superannuation funds, regardless of size or type, to be audited on

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Three-year SMSF audit cycle proposal stirs debate

  The proposal in the Federal Budget to change the requirement for SMSFs to have an annual audit, moving instead to a three-year auditing cycle, has been met with mixed reactions from the marketplace. Naturally, SMSF trustees have generally welcomed the news, at first glance — welcoming the justification used in the budget papers that

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ATO lets the cat out of the bag on what attracts its attention

There are certain behaviours, characteristics and tax issues that the ATO admits will attract its attention. ATO lets cat out of bag on what attracts its attention But as it is more interested to see taxpayers get things right rather than the bother, and expense, of chasing down every misdemeanour, the ATO has spelled out

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