Auditor flags issues with incorrect expense payments
Some SMSF trustees are exposing themselves to potential compliance risks by paying fund expenses from their personal bank account.
SuperAuditors director Shelley Banton told SMSF Adviser she is seeing a lot of cases of this happening and said there are serious consequences where these payments are not rectified before the fund is audited.
Miranda Brownlee
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.
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